Trading XAUUSD Set Up Fibonacci Extension Levels on MT4

Setting up XAUUSD Fib Extension Levels on MT4 Software

Steps below explain how to set up Fibonacci Extension Levels, how to use this Fib Extension Levels tool & how to trade with Fibo Extension Tool.

How to Setup Fibonacci Extension Levels Tool on MT4

Steps: Fibonacci Extension Levels tool is not displayed by default in MT4 settings, if the Fibonacci Extension Levels Tool does not appear on your MT4 software, (no need to download this Fibonacci Extension Levels technical indicator) then locate the 'MetaTrader 4 Line Studies Toolbar' shown below and follow the steps below to set the Fibonacci Extension Levels Tool:

1. MT4 Line Studies ToolBar - Set Up Fibonacci Extension Levels on MT4?

MetaTrader 4 Line Studies ToolBar - Set Up Fibonacci Extension Levels on MT4?

2. Customize Line Studies Toolbar - How to Set Up Fibonacci Extension Levels on MetaTrader 4

Right click the Customize button key (illustrated & shown below) >>> A drop down menu appears, Select Customize >>>

Customize Line Studies Toolbar - How to Set Up Fibonacci Extension Levels on MetaTrader 4

3. Place This Tool on MT4 - XAUUSD How to Setup Fibonacci Extension Indicator in MetaTrader 4

Select the Fibonacci Extension tool from the popup window panel which will then appear >>> Click Insert button >>> Click Close. (Shown Below)

Place This Tool on MT4 - XAUUSD How to Setup Fibonacci Extension Indicator in MetaTrader 4

4. Fibonacci Extension Tool Added - Setup Fibonacci Extension Tool in MT4

Fibonacci Extension Tool Added - Setup Fibonacci Extension Tool in MT4