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Free automatic fibonacci (MT4) — review, price and free alternatives
MT4 indicatorfree on MQL5by Tonny Obare
Free automatic fibonacci is a free MetaTrader 4 indicator by Tonny Obare on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
Free automatic fibonacci — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Tonny Obare
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Free automatic fibonacci on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Free automatic Fibonacci is an indicator that automatically plots a Fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator.
Before you use Free automatic fibonacci
What the developer claims
- You can select which level values to be displayed in the indicator settings.
- You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with differe.
Quoted from the listing. We have not tested these claims.
What to check first
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Free automatic fibonacci
Compiled from its public MQL5 listing. FxRobotEasy has not traded Free automatic fibonacci; what these notes say about how it works comes from that listing.
Overview
Free automatic fibonacci by Tonny Obare represents a comprehensive automated trading solution for MT4 traders. What sets Free automatic fibonacci apart is its balanced approach to trade execution and capital preservation.
Risk notes
Free automatic fibonacci implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT4 platform compatibility
- Developed by experienced Tonny Obare
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Free automatic fibonacci on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free to try · from FxRobotEasy
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Our multi-pair AI scalper — majors, gold and crypto
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick Scalperology AIIt starts on a free demo account: virtual money, every trade visible.
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The team's notes, every day
- What we ship, what breaks and how we fix it
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- Questions answered in the bot
Free automatic fibonacci or Scalperology AI?
| Free automatic fibonacci | Scalperology AI | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Tonny Obare | FxRobotEasy |
Free automatic fibonacci — questions
What is Free automatic fibonacci?
Free automatic fibonacci is a MetaTrader 4 indicator published on the MQL5 Market by Tonny Obare, and it is listed at no charge. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does Free automatic fibonacci work on MT4 or MT5?
Free automatic fibonacci runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
Is Free automatic fibonacci free to download?
Yes -- Free automatic fibonacci is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2025-11-27. The file is downloaded from the developer's (Tonny Obare) product page on mql5.com and installed into MetaTrader 4.
Is there a verified track record for Free automatic fibonacci?
FxRobotEasy has not traded Free automatic fibonacci on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Free automatic fibonacci elsewhere comes from its developer or from a third party.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.