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The Fibonacci Bollinger Bands MT4 is a highly customizable forex software that combines the logic of Bollinger Bands with Fibonacci levels. It is the first indicator in the market that allows users to 100% customize up to 12 Fibonacci levels, the moving average type, and the price data source. This flexibility makes it easily adaptable for any asset and timeframe.
1. Support and Resistance
The Fibonacci Bollinger Bands indicator shows areas of support and resistance where a price reaction can be expected. These levels are highlighted by the indicator and provide potential entry points for traders. It is common to see the price coming back to retest these Fibonacci levels, offering good trading opportunities.
One of the standout features of this software is its high level of customization. Traders can modify or deactivate the Fibonacci levels according to their preferences. Additionally, they can customize the moving average type and the price data source used for the calculations. This level of customization allows traders to tailor the indicator to their specific trading strategies and preferences.
3. Alerts and Notifications
The Fibonacci Bollinger Bands MT4 provides a system of alerts and notifications on both the MT4 Terminal and mobile phones. Traders can set alerts for when the price touches any of the Fibonacci levels or the middle line. This feature saves time and enables traders to make informed decisions for entries and taking profits.
4. Suitable for Different Trading Strategies
The software is ideal for various trading strategies, including hold, scalping, and swing strategies. Whether traders prefer short-term or long-term trading, the Fibonacci Bollinger Bands MT4 can be adjusted to suit their needs. Its versatility makes it suitable for trading across different asset classes, including cryptocurrencies, forex, stocks, indices, and commodities.
Q: How many Fibonacci levels can be customized?
A: Traders can customize up to 12 Fibonacci levels according to their preferences. They can also modify or deactivate specific levels if desired.
Q: Can the indicator be used for different trading timeframes?
A: Yes, the Fibonacci Bollinger Bands MT4 is highly adaptable for any timeframe. Traders can adjust the indicator settings to suit their preferred trading timeframe.
Q: Are there any alerts or notifications provided?
A: Yes, the software offers alerts and notifications on both the MT4 Terminal and mobile phones. Traders can set alerts for when the price touches specific Fibonacci levels or the middle line.
Q: Is there any independent testing available for this product?
A: Yes, independent testing of the Fibonacci Bollinger Bands MT4 can be found on the forexroboteasy.com website. Traders can watch the testing results and subscribe for updates on the performance of this product.
The Fibonacci Bollinger Bands MT4 is a highly customizable forex software that combines the power of Bollinger Bands with Fibonacci levels. It offers traders the flexibility to customize various parameters, making it suitable for different trading strategies and asset classes. With its support and resistance levels, alerts and notifications, and customizable features, this software provides traders with valuable insights and potential trading opportunities. Share your experience of using this product and explore the independent testing available to make informed trading decisions.