Automatic Fibonacci Retracement - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources
Real author: Jeff West
Automatically draw Fibonacci retracements on the chart.
The following inputs have been added:
The automatically calculated Fibonacci retracement position can be adjusted by dragging the top or bottom of the red diagonal line. If the chart period changes, Fibonacci retracement will revert to automatic calculation.
Further research:
Attachment download
📎 xit_fibs_mod_1.mq4 (9.12 KB)
Source: MQL5 #12813
Automatic Fibonacci Retracement - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Automatic Fibonacci Retracement - MetaTrader 4 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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