At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase

Fibonacci Trading

Find the Right Edition That Fits You
Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 37.65%
7-Day Profit: 35.49%
Support: 24х7 via Telegram
Try Demo 🏆
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 24.18%
7-Day Profit: 17.76%
Support: Developer
Free EA🚀

Understanding Fibonacci Trading

  • Fibonacci trading leverages the ratios derived from the Fibonacci sequence to identify potential price levels where reversals or continuations may occur.
  • The essential ratios often utilized are 23.6%, 38.2%, 50%, 61.8%, and 100%.
  • These levels are plotted on charts to find resistance and support, aiding traders in decision-making.
  • Some traders integrate Fibonacci indicators with other tools for enhanced accuracy in predictions.
  • 😃

    Fibonacci Retracement Levels

  • Fibonacci retracements help in identifying possible reversal levels in a price movement.
  • The most commonly referenced levels are 61.8% and 38.2%, which can predict corrections occurring after an advance in price.
  • These levels are applied to analyze both the bullish and bearish trends.
  • Traders often observe how the market reacts as it approaches these levels for entry points.
  • Fibonacci Extensions and Trading Strategies

  • Fibonacci extensions go beyond standard retracement levels, helping traders identify potential price targets after a retracement.
  • Common extension levels include 161.8%, 261.8%, and 423.6%, used for setting take-profit targets.
  • Many trading systems incorporate multiple entry strategies depending on market conditions, like touching a Fibonacci zone or identifying patterns.
  • Tools and Indicators for Fibonacci Trading

  • Various automated tools and indicators exist to simplify Fibonacci trading. For example, the Fast Fibonacci indicator can adjust levels automatically based on market dynamics.
  • Indicators such as the Ultimate Fibonacci EA offer advanced features like pattern recognition and dynamic responses to price movements.
  • These trade management tools reduce the time traders spend on manual calculations and improve trading efficiency.
  • 😊

    Fibonacci Trading Best Practices

  • Combine Fibonacci levels with other trading tools like support/resistance or momentum indicators to validate your signals.
  • Utilize a demo account to practice your Fibonacci strategies without risk before applying them in a live market.
  • Always apply risk management rules to safeguard your capital and optimize your return on investment.
  • Ah, the FIBO Trend EA—the trading robot that promises to be the holy grail of Forex trading. It claims to use Fibonacci levels to pluck profits from the market like low-hanging fruit. But does it truly deliver, or is it just another overhyped piece of code that sits on your MT5 ...

    Release Date: 25/11/2020

    If you thought Fibonacci was just a fancy number sequence used in math class, think again! The Advanced Fibo Levels Indicator aims to convince us that it’s a ticket to trading success. But let’s see if this indicator is a goldmine or just another digital snake oil! With a use ...

    Release Date: 18/06/2021

    The world of Forex trading is wrought with complexity, and the introduction of indicators like Pivot Point Fibo RSJ can offer a much-needed lifeline. But is it a genuine asset or just another passing trend in a sea of scams? Join us as we dissect this indicator’s effectiveness, ...

    Release Date: 27/02/2021

    Welcome to the wild world of the Auto Fibo Retracement MT4! Whether you're hoping for a magical tool or bracing for disappointment, it surely doesn't get dull here. From crafting perfect Fibonacci levels to the skepticism lingering in user reviews, why not dive into the metaphori ...

    Release Date: 10/03/2023

    Ever wondered if you could trade like a wizard with a magic toolkit? Well, the Dinapoli Package MT5 promises just that! But before you jump in with both feet, let’s dissect this package like a mad scientist in search of the holy grail of trading. Can the ingenious combination o ...

    Release Date: 19/09/2020

    Is the Gann Square of 144 a magical compass guiding you to Forex riches, or just another mathematical mystery that leads you in circles? Join us on this enthralling journey as we dissect the practical implications of this tool while adding a sprinkle of sarcasm to keep things int ...

    Release Date: 13/03/2017

    DFGX Dashboard

    Easy Rating: 5/1

    MQL Rating: 4.33/3

    Introducing the DFGX Dashboard, an automated trading tool that promises to elevate your Forex trading experience. Designed by Tsvetan Tsvetanov, it's marketed to be the golden ticket for scalpers and contrarian traders alike. But let's not get too starry-eyed; while the promise o ...

    Release Date: 01/12/2017

    Is this the holy grail of trading indicators or just another flashy tool trying to lure in unsuspecting traders? The Fibonacci Volatility Indicator offers a blend of time-tested Fibonacci techniques with innovative volatility analysis that might just get your trading heart racing ...

    Release Date: 27/07/2020

    IMBA Fibo

    Easy Rating: 1/1

    MQL Rating: 0/0

    Let’s face it, trading can often feel like deciphering hieroglyphics on a bumpy road to nowhere. Enter IMBA Fibo— a shiny new robot that claims to turn spontaneously rolling Fibonacci levels into profitable trades. Is it genius or just noise from the marketplace? Buckle up as ...

    Release Date: 27/04/2024