Auto Fibonacci Button

5
  • Indicateurs
  • Lee Teik Hong
    Lee Teik Hong

    Lee Teik Hong

    4.1 (11)
    THE FOREX CUES
    AN EFFECTIVE PLAN WITH A HIGH-QUALITY STRATEGY
    A lucrative trade is frequently generated by the "Repeat and Repeat" pattern. Many expert traders that I believe, would agree with this assertion.
    18 produits
  • Version: 1.0
  • Activations: 20

Auto Fibonacci Button

The Fibonacci retracement is a popular and reliable technical analysis tool for traders to determine support and resistance areas. 

It employs the "Golden Ratio," a mathematical pattern seen throughout nature and even the universe, to forecast particular levels of support level and resistance level. 

This tool is generated in technical analysis by dividing the vertical distance between two extreme points on the chart (typically a peak and a low) by the important Fibonacci coefficients of 23.6 %, 38.2 % , 50 % , 61.8 % , and 100 % .

Because so many traders utilise this trading approach and keep an eye on these price levels, the Fibonacci levels frequently become a self-fulfilling prophesy.

A Fibonacci retracement tool is available on the MetaTrader 4 platform, which allows the user to draw one on the chart.


But how do you represent this on a graph? 

Use "Auto Fibonacci Button"
Avis 1
lauro1956
5752
lauro1956 2024.10.13 10:46 
 

Excellent guide from Mr. Lee

Very clear, simple and effective

5 stars

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Indicateurs
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Indicateurs
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Bernhard Schweigert
4.91 (657)
Indicateurs
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Indicateurs
After purchase, contact me privately to receive 1 month of free testing with EA Forex Proton! This advanced MT4 trading robot automatically executes signals from any MT4 indicator, including Market Makers. The latest version also includes AI integration, allowing each trade signal to be analyzed using Artificial Intelligence. Live Signal with EA Forex Proton: Click here Market Makers is a powerful price action trading system designed to identify high-probability Buy and Sell opportunities based
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Lee Teik Hong
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Lee Teik Hong
Indicateurs
Recommended Setup Parameter Recommendation Symbol All Symbols Timeframe M15, M30 Minimum Balance $250 Recommended $500+ Broker Type ECN / RAW Spread Risk per Trade 0.5-2% Prop Firm Compatible Yes (strictly drawdown control) What makes Entry Cluster indicator unique: Combines momentum analysis with structural levels (entry cluster levels) Non-repainting signals that only appear on closed candles Intelligent auto-detection of optimal price levels for different assets Comprehensive alert system f
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Lee Teik Hong
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BEAST TRADEMATE   1. Overview Beast TradeMate is a comprehensive multi-feature MetaTrader 5 (MT5) chart indicator that combines TDI-based trade signal detection, multi moving average trend filtering, sweetspot level mapping, TP/SL auto-projection, and a full alert system into a single, unified tool. It is designed to provide traders with high-probability entry signals while keeping the chart clean and informative. 2. Signal Types Beast TradeMate produces four distinct types of trade signals, ea
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lauro1956
5752
lauro1956 2024.10.13 10:46 
 

Excellent guide from Mr. Lee

Very clear, simple and effective

5 stars

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