How to Draw Fibonacci Projection on MetaTrader 4

Draw XAUUSD Trading Fib Projections

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

1. MetaTrader 4 Line Studies ToolBar - Draw Fibonacci Projection Zones on MT4?

How to Draw XAUUSD Fib Projection on MT4 - How to Draw Fibonacci Projection in MT4

2. Customize Line Studies Toolbar - How to Draw Fibonacci Projection Zones on MetaTrader 4

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

Customize Line Studies Tool-bar - How to Draw Fibonacci Projection Indicator in MetaTrader 4

3. Place This Fibonacci Projection Tool on MT4 - How to Draw Fibonacci Projection Gold Indicator Tool on MT4 XAUUSD Charts

Select the Fibonacci Projection Technical Indicator tool from the pop up panel which will then appear >>> Click Insert button key >>> Click Close. (Shown Below)

Place Fibonacci Projection Tool on MT4 - How to Draw Fibonacci Projection Gold Indicator Tool on MT4 Gold Charts

4. Fibonacci Projection Indicator Added - How to Add Fibonacci Projection Tool on MetaTrader 4

Fibonacci Projection Indicator Added - How to Add Fibonacci Projection Tool on MetaTrader 4

Trading Gold Draw Fibonacci Projections

A trader can then choose the Fibonacci Projection Technical Indicator Tool shown above on the MT4 platform and then use this Fibonacci Projection tool to place this indicator on the gold chart & use this Fib Projection tool to determine the Fib Projection Zones on the gold charts.