(PLS HELP) Drawing the fibonacci tool in Metatrader | Forex Factory

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(PLS HELP) Drawing the fibonacci tool in Metatrader

  • #1
  • First Post: Jul 6, 2008 11:46am Jul 6, 2008 11:46am
I am really confused on how to draw the fib in MT4. I have drawn it on other platform. But I want to know how to correctly draw it on MT4. Is it from left to right on a down trend or right to left. It seems it goes on the opposite compared to others. Thanks
  • #2
  • Jul 6, 2008 12:18pm Jul 6, 2008 12:18pm
left to right.
  • #3
  • Jul 6, 2008 12:43pm Jul 6, 2008 12:43pm
Quoting magnumfreak
left to right.
Do you use the metatrader platform. its going the other way unlike the other platform that I use.
thanks
  • #4
  • Jul 6, 2008 12:49pm Jul 6, 2008 12:49pm
yes. The easiest way to tell is that the 0 retracement line should be at the end of the trend. Therefore, it is left to right on mt4.
  • #5
  • Last Post: Jul 7, 2008 1:40am Jul 7, 2008 1:40am
Quoting magnumfreak
yes. The easiest way to tell is that the 0 retracement line should be at the end of the trend. Therefore, it is left to right on mt4.
Thanks a lot
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