FibStrike Fibonacci with Zone Rejection boosts MT4 entries with precise Fibonacci zone signals

This 2026 review includes a focused performance analysis of FibStrike Fibonacci with Zone Rejection, comparing backtest results and forward test sample sets on MT4. FibStrike Fibonacci with Zone Rejection stands out because it merges classical Fibonacci retracement levels—drawn from automatic swing detection—with wick rejection candlestick logic to reduce false entries. The indicator automatically identifies recent highs and lows using a user-configurable lookback window and plots levels from 100% to 40%, highlighting specific buy and sell corridors to simplify decision making. The algorithm works by tagging swing pivots, calculating standard Fibonacci ratios, and scanning for candles with extended wicks that indicate rejection at those levels. When a wick rejection aligns inside a highlighted zone, the signal is emphasized on chart and optional alerts are triggered. In practice, FibStrike Fibonacci with Zone Rejection performs best on trending pairs during pullbacks and on higher-liquidity majors. It is less reliable during thin, choppy sessions or at major news events. The indicator supports simple risk management recommendations such as placing stops beyond the rejection wick and scaling position size by ATR bands. Expected performance characteristics observed across testing include a moderate to high win-rate on optimized settings, average trade durations from several hours to a few days depending on timeframe, and manageable drawdowns when strict stop and sizing rules are applied. The author, Godwin Edward Enyali, provides updates and user support; the indicator is priced at $40 with a 4.5/5 rating from 100 reviews on marketplaces.