The PRO Fibonacci Tool MT4 is a highly advanced and unique indicator designed for serious Fibonacci traders. It serves as an enhanced version of the MetaTrader 4 standard Fibonacci tool, providing traders with a range of powerful features and functionalities. In this review, we will explore the key features of this software and discuss how it can benefit Forex traders.
Key Features:
1. Drawing of Fibonacci Retracement and Expansion Levels: The PRO Fibonacci Tool MT4 allows traders to quickly and effortlessly draw Fibonacci retracement and expansion levels on their charts. This can be done in just a few seconds using hotkeys, making the process efficient and convenient.
2. Auto Adjusting of Retracement Levels: One of the standout features of this software is its ability to automatically adjust retracement levels as the market makes new highs or lows. This ensures that traders always have accurate and up-to-date levels on their charts, eliminating the need for manual adjustments.
3. Ability to Edit/Remove Levels: Traders have full control over their Fibonacci levels with the PRO Fibonacci Tool MT4. They can easily edit or remove any retracement and expansion levels on their charts, allowing for a highly customizable trading experience.
4. Auto Snap to Exact High and Low: When plotting on the chart, the software automatically snaps to the exact high and low of bars. This ensures precise placement of Fibonacci levels, resulting in clear and accurate charts even with multiple retracement and expansion series drawn on them.
Keyboard Shortcuts (Hotkeys):
โ Shift E: Initiate a new expansion drawing sequence.
โ Ctrl Shift E: Remove all expansions placed on a chart.
โ Ctrl Shift X: Remove the last expansion placed on a chart.
โ Shift X: Undo the last click when clicking ABCs.
โ Shift D: Initiate a new retracement drawing sequence.
โ Ctrl Shift D: Remove all retracements placed on a chart.
โ Ctrl Shift Z: Remove the last retracement placed on a chart.
โ Shift Z: Undo the last click when plotting retracements.
โ ESC: Stop drawing when the tool is active.
Indicator Parameters:
The PRO Fibonacci Tool MT4 offers various parameters that traders can customize to suit their preferences. These include:
โ Text Font: The font of any text on the chart can be adjusted.
โ Font Size of Retracement Levels: The size of texts for retracement lines on the chart can be adjusted.
โ Color of Retracement Levels: Traders can choose the colors of retracement lines and texts on the chart.
โ Width of Retracement Levels: The width of retracement lines on the chart can be adjusted.
โ Font Size of Expansion Levels: The size of texts for expansion lines on the chart can be adjusted.
โ Color of Expansion Levels: Traders can select the colors of expansion lines and texts on the chart.
โ Width of Expansion Levels: The width of expansion lines on the chart can be adjusted.
โ Custom Retracement: Any user-defined retracement level can be displayed.
โ Custom Expansion: Any user-defined expansion level can be displayed.
For the MT5 version of this software, please visit the following link: [Remove the link]
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Please note that independent testing of this product can be found on the forexroboteasy.com website. Traders can watch the testing results and subscribe to updates on the performance of this software.
We invite traders to share their experiences of using the PRO Fibonacci Tool MT4. Your feedback and insights are valuable in helping the trading community make informed decisions.
In conclusion, the PRO Fibonacci Tool MT4 is a powerful and advanced Forex software designed for serious traders. With its unique features and customizable parameters, it provides traders with the tools they need to effectively analyze and trade using Fibonacci levels.
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