How Do I Use Fibonacci Retracement on MT4 Platform?

How Do I Trade with Fibonacci Retracement Technical Indicator on the MT4

How to Use Fib Retracement Levels in MT4 Platform Software

The procedure for how to use Fibo Retracement Indicator & how to add the Fibonacci Retracement Tool on MT4 Software is illustrated and shown below:

Fib Retracement Levels Indicator tool on the MetaTrader 4 platform software will automatically draw the retracement levels on a chart once it's placed on the chart.

To add this Fibonacci Retracement Levels tool on MetaTrader 4 platform software, you can use the following shortcut technique:

1. Press Insert 2. Click Fib 3. Click Retracement

How Do I Use Fibo Retracement on the MT4 Software?

After adding this Fibonacci Retracement Levels tool indicator on MT4 platform software this tool can then be accessed from 'MetaTrader 4 Line Studies Tool-bar' like shown below.

How Do I Trade with Fibonacci Retracement Indicator on MetaTrader 4 Platform Software

This Fibonacci Retracement tool is located on MT4 (Line Studies Tool-bar), to go to this toolbar click 'View' button at the top left corner of MT4 platform software adjacent to file menu, then click 'Tool Bars', Then Tick 'Line Studies'. You can learn how to use Fibonacci Retracement Levels tool on the MT4 using a demo demo account.

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