Automatic Support and Resistance for MT4
by Mehnoosh Karimi · MT4
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Summary
Automatic fibonacci with alerts is an affordable MT4 indicator ($30) by Tonny Obare that automates Fibonacci levels and sends alerts. It scores 5/5 in community ratings, but no verified performance stats are available. Traders comparing it should weigh the simplicity of auto-drawn levels and alerting against the lack of backtested results and broker-specific constraints like spreads and order execution. Alternatives range from timers and multi-timeframe trend tools to price-action scanners and currency-strength meters (two paid options at $78 and $77). FxRobotEasy independently reviews all products and recommends live testing on a demo account first.
Retail forex traders compare Automatic fibonacci with alerts to other indicators because automated Fibonacci placement and alerts promise to save time and reduce human placement errors, but similar goals are pursued by a variety of tools. Some traders prefer countdown timers or multi-timeframe trend monitors; others use price-action scanners or currency strength tools to corroborate Fibonacci levels. Platform realities matter: Automatic fibonacci with alerts runs on MT4, and broker rules, spread variability, execution delays and drawdown risk all affect real results. FxRobotEasy independently reviews all products to help traders judge fit without relying on unverified performance claims.
| Metric | Automatic fibonacci with alertsMain Product | Trendopedia Ai Our bot | Automatic Support and Resistance for MT4 | Automated Trendlines | AutoPivotMT4 | AutoLineSaver for 448 Scanner |
|---|---|---|---|---|---|---|
| Rating | 0.0 | N/A | N/A | 0.0 | N/A | N/A |
| Price | $30 | $149 | $50 | $99 | $599 | $30 |
| ROI | N/A | +291.1% | N/A | N/A | N/A | N/A |
| Max Drawdown | N/A | 22.0% | N/A | N/A | N/A | N/A |
| Win Rate | N/A | 56.4% | N/A | N/A | N/A | N/A |
| Profit Factor | N/A | 1.48 | N/A | N/A | N/A | N/A |
| Total Trades | N/A | 429 | N/A | N/A | N/A | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
Automatic fibonacci with alerts, authored by Tonny Obare for MT4, is a focused indicator that automatically plots Fibonacci retracements/extensions and emits alerts when price interacts with key levels. Priced at $30 and rated 5/5, its main strengths are workflow efficiency, clear visual levels and configurable alerts that can help traders monitor setups without constant screen time. Weaknesses include the absence of verified performance statistics, dependency on correct timeframe selection, and sensitivity to broker-specific spreads and charting differences. This tool suits discretionary traders who use Fibonacci as a primary decision layer and want faster level placement. It is not a turnkey money-making system: traders must consider execution latency, slippage and drawdown risk and should validate the indicator on a demo account and within their broker environment. FxRobotEasy independently reviews the product, but no guarantees of profitability are implied.
by Mehnoosh Karimi · MT4
by Georgios Kalomoiropoulos · MT4
by Xin You Lin · MT4
by Shin Kojima · MT4
Automatic fibonacci with alerts is an inexpensive, well-rated MT4 indicator that streamlines Fibonacci plotting and alerting for discretionary traders. Its strengths are simplicity and workflow gains, while its weaknesses include no publicly verified performance data and sensitivity to broker spreads, execution, and timeframe selection. Alternatives provide complementary approaches: timing, multi-timeframe trend, price-action scanning, currency-strength context (MT5) and intraday momentum. Traders should demo-test combinations, understand spread and drawdown risks, and avoid expecting guaranteed outcomes. FxRobotEasy independently reviews these tools, and for traders seeking managed automation, FxRobotEasy bots are a verified alternative to explore.
It can be worth buying if you regularly use Fibonacci levels and want faster, consistent level plotting with alerts. At $30 and a 5/5 rating, it’s low-cost to trial, but no verified performance stats exist. Test it on a demo account first and assess how it behaves with your broker’s spreads, execution and chosen timeframes before risking live capital.
There is no single best alternative; choice depends on your needs. For timing, Haven Candle Timer Countdown is useful. For trend confirmation, MTF Trend Monitor helps. For pattern-based entries use STRAT Price Action Scanner. If you need currency context on MT5, Currency Strength Meter Pro fits; for intraday momentum, MACD Intraday Trend PRO is relevant. Price and verified stats vary, so demo testing is essential.
Yes, but results depend on your broker’s platform, spreads and execution quality. Automatic fibonacci with alerts runs on MT4, so your broker must support MT4. Spreads, slippage and order execution latency can change how signals perform in live trading versus demo testing. Always validate the indicator on a demo account with your broker to understand drawdown risk and real-world behavior before trading live.
While evaluating Automatic fibonacci with alerts and its alternatives, consider Trendopedia Ai, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
+291.1%
Total Return
22.0%
Max Drawdown
56%
Win Rate
429
Total Trades