MA C-Fibo Indicator
Info
The MA C-Fibo Indicator is a Indicator for MetaTrader 4 that updated on 21-may-2022: below are the changes done in v1. 1:- Bar adjustment: Now it considers the two previous bars for trend determination.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use MA C-Fibo Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Updated on 21-May-2022: Below are the changes done in v1.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: External Range Liquidity (ERL) Indicator: Advanced Market Structure and Liquidity Analysis - another powerful indicator for MetaTrader 4 traders.
Updated on 21-May-2022: Below are the changes done in v1.1:Also recommended: B Bands Psar Indicator - similar indicator with strong performance on MetaTrader 4.
- Bar adjustment: Now it considers the two previous bars for trend determination.- Alert added.
The MACFibo trading strategy was the winner of the March 2026 Best Forex Trading System Contest at Babypips.com. This strategy utilizes three moving averages to identify trade opportunities and Fibonacci extensions to set stop-loss and profit targets.
This indicator is based on the MACFibo trading strategy. More details about this strategy can be found on the Babypips forum.
Short Signal: When the 5-period EMA crosses below the 20-period SMA, draw two points as follows:
- Point A: Candle close price that confirmed the downside crossover.
- Point B: Highest price of the current wave prior to the crossover.
Profit Target: @ 161.8 Fibonacci level.
Stop Loss: Maximum 38.2 (minimum @ 78.6) based on your risk tolerance.
Long Signal: When the 5-period EMA crosses above the 20-period SMA, draw two points as follows:
- Point A: Candle close price that confirmed the upside crossover.
- Point B: Lowest price of the current wave prior to the crossover.
Profit Target: @ 161.8 Fibonacci level.
Stop Loss: Maximum 38.2 (minimum @ 78.6) based on your risk tolerance.
Exit Mechanism for Losing Trades: If the stop loss has not been hit, exit the trade if the 5-period EMA crosses the 8-period SMA in the direction opposite to your open trade.
You may also like: Fast Stochastic Indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_chart_window
extern string ma_mode_types="0=sma; 1=ema; 2=smma; 3=lwma;";
extern int fast_ma=5;
extern int fast_mode=1;
extern int slow_ma=20;
extern int slow_mode=0;
extern color long_entry_clr=blue;
extern color shrt_entry_clr=red;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.