How Do You Use Fibonacci Projection Zones on MetaTrader 4?

How to Use Fibonacci Projection Zones on MetaTrader 4

Setting up Fibonacci Projection Zones on MetaTrader 4

The procedure below explains how to draw Fibo Projection Levels and how to use this Fib Projection Levels XAUUSD Tool.

How Do You Use Trading Fibonacci Projection Levels XAUUSD Tool on MetaTrader 4?

Steps of Adding Fibo Projection Levels XAUUSD Tool on MetaTrader 4: Fibonacci Projection Levels indicator is not displayed by default in MT4 settings - if the Fibonacci Projection Levels XAUUSD Tool does not appear on your MetaTrader 4 software - then locate the "MetaTrader 4 Line Studies Toolbar" as shown below and follow the procedure below to add the Fibonacci Projection Levels XAUUSD Tool:

1. MetaTrader 4 Line Studies Toolbar - How Do You Use Trading Fibonacci Projection Levels XAUUSD Tool on MetaTrader 4?

How Do You Use Fibonacci Projection Zones on MetaTrader 4?

2. Customize Line Studies Toolbar - How Do You Use Trading Fibonacci Projection Levels XAUUSD Tool on MT4

Right click the Customize button key (illustrated and shown below) & a dropdown menu appears, Select Customize

How Do You Use Fibonacci Projection Zones on MetaTrader 4?

3. Place This Fibonacci Projection Levels XAUUSD Tool on MT4 - How Do You Add Fibonacci Expansion XAUUSD Tool on MT4

Select the Fibo Expansion XAUUSD Tool from the popup window that appears and Click Insert button and then Click Close.(As Explained Below)

Interpret & Use Fibonacci Projection Zones on MetaTrader 4?

4. Fibonacci Expansion XAUUSD Tool Added on MT4

Interpret & Use Fibonacci Projection Zones on MetaTrader 4?

How Do You Use Fibonacci Projection Zones on MT4