How Do You Use Fib Retracement on MT4? - Fibonacci Retracement on MetaTrader 4

How Do I Trade with Fib Retracement Technical Indicator in MT4 - Fibonacci Retracement Areas on MetaTrader 4

How to Use Fib Retracement Areas on MetaTrader 4

The procedure for how to use Fib Retracement Technical Indicator and how to add the Fib Retracement Tool on the MT4 Platform is explained below:

Fibonacci Retracement Areas Indicator tool on the MT4 platform will automatically draw the retracement levels on a chart once it's placed on the chart.

To add this Fib Retracement Levels tool on MetaTrader 4 software, you can use the following short cut method:

1. Click Insert 2. Click Fibonacci 3. Click Retracement

How Do You Use Fib Retracement on MT4? - How Do I Use Fib Retracement on MetaTrader 4?

After adding this Fib Retracement Levels tool on the MT4 platform this tool can then be accessed from 'MT4 Line Studies Tool-Bar' as illustrated below.

How Do I Trade with Fib Retracement Technical Indicator in MT4 - Trading with Fib Retracement Areas Indicator in MetaTrader 4

This Fib Retracement tool is located on MT4 (Line Studies Tool Bar), to go to this tool-bar click 'View' at the tops left corner of MetaTrader 4 software next to file, then click 'Tool Bars', Then Check 'Line Studies'. You can learn how to use Fib Retracement Levels tool on the MT4 using a practice forex account.