How Do I Use Fibonacci Retracement on MetaTrader 4?
How Do I Trade with Fibonacci Retracement Technical Indicator in MetaTrader 4
How to Use Fibonacci Retracement Levels on MT4
The procedure for how to use Fibo Retracement Technical Indicator & how to add the Fibonacci Retracement Tool on MT4 Platform is illustrated below:
Fib Retracement Levels Indicator tool on the MT4 platform will automatically draw the retracement levels on a chart once it is placed on the chart.
To add this Fibonacci Retracement Levels tool on MT4 software, you can use the following shortcut technique:
1. Press Insert 2. Click Fibonacci 3. Click Retracement
How Do I Use Fibo Retracement in MT4?
After adding this Fibonacci Retracement Levels tool indicator on MT4 platform this indicator tool can then be accessed from 'MetaTrader 4 Line Studies Tool Bar' as shown below.
How Do I Trade with Fibonacci Retracement Technical Indicator in MetaTrader 4
This Fibonacci Retracement tool is located on MetaTrader 4 (Line Studies Tool Bar), to go to this tool bar click 'View' button at the top left corner of MT4 software adjacent to file menu, then click 'ToolBars', Then Tick 'Line Studies'. You can learn how to use Fibonacci Retracement Levels tool on the MT4 using a demo practice demo account.
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