The Fibonacci Bollinger Bands MT5 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 for calculations. This level of flexibility makes it easily adaptable for any asset and timeframe.
Key Features
1. Support and Resistance: The indicator shows areas of support and resistance where price reactions can be expected. These Fibonacci levels can be modified or deactivated as per user preference.
2. Entry Points: The highlighted levels by the indicator offer potential entry points as it is common to see the price coming back to retest these Fibonacci levels.
3. Trading Strategies: The Fibonacci Bollinger Bands MT5 is ideal for HOLD, SCALPING, and SWING trading strategies.
4. Alerts and Notifications: The software provides a system of alerts and notifications on the mobile phone and the MT5 Terminal when prices touch any of its levels. This feature helps traders save time and make informed decisions for entries and taking full or partial benefits.
Customization Options
The Fibonacci Bollinger Bands MT5 offers several input parameters for customization:
Price Source: Choose the price source for the moving averages.
MA Type: Select the moving average type (SMA, EMA, Linear Weighted MA, Smoothed MA).
Length: Set the MA period for the middle line.
Multiplier: Adjust the Bollinger Bandsโ multiplier.
Levels: Customize up to 12 Fibonacci levels for the upper and lower bands.
Visualization: Choose color ranges and default width for all levels.
Notifications: Enable or disable alerts on the MT5 Terminal and mobile phone for each level.
FAQ
Q: Can I use the Fibonacci Bollinger Bands MT5 for any financial market?
A: Yes, the software is functional in all pairs, including cryptocurrencies, forex, stocks, indices, and commodities.
Q: Is it suitable for both scalping and swing trading?
A: Absolutely. The Fibonacci Bollinger Bands MT5 is perfect for both scalping and swing trading strategies.
Q: How can I receive alerts and notifications?
A: The software provides alerts on the MT5 Terminal and the mobile phone when prices touch any of the Fibonacci levels.
Conclusion
The Fibonacci Bollinger Bands MT5 is a highly customizable forex software that combines the power of Fibonacci levels and Bollinger Bands. With its flexibility and user-friendly interface, it is suitable for traders of all levels and trading styles. Whether you are a scalper or a swing trader, this software provides valuable insights and potential entry points. To see independent testing of this product and stay updated on the results, visit forexroboteasy.com. Share your experience of using this software and enhance your trading strategies with the Fibonacci Bollinger Bands MT5.
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