Fibo Matter mt4

With the prevalence of Forex trading and the increasing reliance on Forex software and tools, optimizing your trading strategy is essential. One such tool that is making waves in the industry is Fibo Matter mt4. This EA Utility is designed to facilitate and optimize Fibonacci trading, a popular trading approach amongst Forex traders.

Understanding Fibo Matter mt4

Fibo Matter mt4 is a dedicated EA Utility that aids in trading Fibonacci retracements. The mt5 version of this tool allows traders to specify the number of candles to look back, enabling them to evaluate the wave they wish to operate. This process is made simple by clicking from the beginning to the end of the wave using the cross cursor. The first number that appears on the left corresponds to the number of candles of the distance traveled.

The Power of Pending Orders

One of the unique features of Fibo Matter mt4 is the creation of pending buy or sell orders. Once a trader decides whether to go short or long, they simply press the corresponding button. The EA Utility then creates pending orders at the 61.8% / 70.6% / 78.6% / 88.6% retracement levels. This feature is fully customizable, allowing traders to open orders on all levels or selected ones.

Customizable Stop Loss (SL) and Risk Management

Fibo Matter mt4 also offers the ability to set the SL at the retracement levels of 100% or 127.2%. Moreover, traders can choose the risk PER TRADE based on the distance to the SL. For example, if orders are opened at all 4 levels and a loss per trade of 0.25% of the balance is set, the total loss when touching the SL would be 1% of the account balance. This is because the SL is the same for all orders open at different levels. The tool also adjusts the number of lots opened based on the distance to the SL, so the entry at level 61.8 will be with less lot, and the entry at level 88.6 will be with more.

Comprehensive Account Information and Order Management

In addition to the above features, Fibo Matter mt4 provides real-time account information including BALANCE, EQUITY, and CURRENT PROFIT. It also integrates several buttons on the chart for easy order management. Traders can easily close orders or activate the Trailing Stop Profit at their discretion. Additionally, the EA Utility has simple buttons that provide predefined and selected text to facilitate the Elliott wave count.

FAQ Section

1. What is Fibo Matter mt4?
Fibo Matter mt4 is an EA Utility that facilitates and optimizes Fibonacci trading.

2. How does Fibo Matter mt4 work?
It allows traders to specify the number of candles to look back for evaluating the wave they wish to operate. It creates pending buy or sell orders at specified retracement levels and allows setting the SL at desired levels.

3. Where can I find more information about Fibo Matter mt4?
Independent testing results of Fibo Matter mt4 can be found on the forexroboteasy.com website. You can also subscribe to updates on the testing results of this product.

We welcome readers to share their experiences with Fibo Matter mt4. Remember, this is an independent product review, and it’s always beneficial to hear from those who have actually used the tool. Such insights can prove invaluable to both new and seasoned Forex traders alike.