Auto Fibonacci Re (MT4) — review, price and free alternatives

Auto Fibonacci Re automatically identifies swing highs and lows, draws retracement levels, and visually highlights potential support and resistance zones. The combination of automatic level drawing and parameterized sensitivity gives users a repeatable method to spot areas of interest without manual measurement.

What makes Auto Fibonacci Re unique is its focus on automatic swing detection tuned by the SwingBars parameter, which allows traders to adapt the EA to different instruments and volatility regimes. The algorithm first locates a swing high and swing low using recent bars, then overlays Fibonacci retracements and labels key ratios. Users can apply the tool to M1 through H1 charts on MetaTrader 4, making it useful for scalpers and short-term swing traders alike. The developer, Teerathad Booranawisedkul, designed the EA to be lightweight and visually non-intrusive, which reduces chart clutter while keeping information accessible.

Risk management is intentional rather than automated: Auto Fibonacci Re offers clear levels for stop placement and target projection, but traders must apply position sizing rules manually or via a separate money management EA. Expected performance characteristics include moderate trade frequency on intra-day timeframes, higher accuracy in trending or well-formed swing markets, and reduced effectiveness during extreme news-driven volatility. Overall, Auto Fibonacci Re is a practical MT4 utility for traders seeking consistent level-based analysis and repeatable entry signals.

Auto Fibonacci Re is best classified as a moderate-risk utility that emphasizes structured entries and defined stops rather than aggressive position multiplication. The preferred stop loss strategy places stops beyond the nearest Fibonacci extension or the swing extreme, providing a logical technical buffer. Position sizing should follow a fixed fractional approach or volatility-adjusted sizing, keeping risk per trade between 0.5 and 2 percent. Vulnerabilities include sudden market gaps, major economic news releases, and choppy price action where swing identification may be unreliable.

Install the Auto Fibonacci Re EA in MetaTrader 4 by copying the EA file into the Experts folder, refreshing the navigator, and attaching it to the desired chart. Configure key parameters such as SwingBars sensitivity, alert settings, and chart overlay preferences before going live. Use brokers that support stable execution and low spreads, preferably ECN or STP brokers for intraday trading. Optimal timeframes are M1 through H1 depending on your style; M5 and M15 balance frequency and signal quality.