Trading XAUUSD Set Up Fibonacci Expansion Levels on MT4

XAUUSD How to Setup Fibonacci Expansion Indicator on MT4

How to Set up XAUUSD Trading Fibonacci Expansion Levels on MT4 Platform

The steps below explain how to draw Fibonacci Expansion Levels & how to use this Fibonacci Expansion Levels tool.

How to Add This Fibonacci Expansion Levels Tool on MT4

Steps: Fibo Expansion Levels tool is not displayed by default in MT4 settings, if the Fibonacci Expansion Levels Tool does not appear on your MetaTrader 4, (no need to download this Fibonacci Expansion Levels indicator) then locate the "MetaTrader 4 Line Studies Toolbar" shown below and follow the steps below to set the Fibonacci Expansion Levels Tool:

1. MT4 Line Studies ToolBar - Set Up Fibonacci Expansion Levels on MT4?

MT4 Line Studies ToolBar - Set Up Fibonacci Expansion Levels on MT4?

2. Customize Line Studies Toolbar - How to Set Up Fibonacci Expansion Levels on MT4

Right click the Customize button key (illustrated and shown below) >>> A drop-down menu appears, Select Customize >>>

Customize Line Studies Toolbar - How to Set Up Fibonacci Expansion Levels on MT4

3. Place This Tool on MT4 - XAUUSD How to Setup Fibonacci Expansion Indicator in MetaTrader 4

Select the Fibo Expansion tool from the pop up panel which will then appear >>> Click Insert button key >>> Click Close. (Shown Below)

Place This Tool on MT4 - XAUUSD How to Setup Fibonacci Expansion Indicator in MetaTrader 4

4. Fibonacci Expansion Tool Added - Setup Fibonacci Expansion Tool on MetaTrader 4

Fibonacci Expansion Tool Added - Setup Fibonacci Expansion Tool on MetaTrader 4