Introduction

Fibonacci levels can be the secret weapon in any trader's arsenal, but getting them right can be tricky. That’s where SpudFibo V1.0 Indicator MT4 by YoForex steps in—designed to help you master Fibonacci retracements and extensions in real-time. If you’re tired of manually plotting Fib levels on every chart, SpudFibo does the heavy lifting for you. This free tool automatically draws Fibonacci lines based on the most recent price swings and provides instant alerts when price reacts to key levels. All for free on MQL5.software!

Overview

The SpudFibo V1.0 Indicator MT4 is built with both beginner and experienced traders in mind. Whether you're a scalper, swing trader, or long-term investor, this tool helps you spot key Fibonacci levels for potential entry, exit, or reversal points.

• Real-time Fibonacci Retracement and Extension – Automatically drawn on the chart
• Works across all timeframes – From M1 to Monthly charts
• No manual calculations – Fully automated level plotting
• Clear Visuals – Color-coded Fib levels for easy identification
• Customizable Alert System – Get notified when price hits key Fibonacci levels
• Supports multiple pairs – Works on any of your favorite forex pairs
• Optimized Performance – Lightweight and efficient, using minimal CPU and RAM
• Free to use – No subscription or hidden fees

Key Features

• Fully Automated Fibonacci Levels – No need for manual plotting
• Automatic Retracement/Extension Lines – Draws lines based on the most recent price swings
• Customizable Alerts – Set alerts for when price hits key Fibonacci levels
• Adjustable Level Sensitivity – Fine-tune Fibonacci level calculations to suit your trading style
• Color-Coded Lines – Easy-to-read visual representation of key levels
• Optimized for Multiple Timeframes – Use it on any chart, from scalping to swing trading
• Low CPU Usage – Lightweight on resources to run smoothly alongside other indicators
• Free to Download – Available on MQL5.software without any hidden costs

Backtest Results & Proof

  • Backtest Period: Jan 2021 – Dec 2024

  • Pairs Tested: EUR/USD, GBP/USD, USD/JPY

  • Profit: 275% net gain

  • Max Drawdown: -12%

  • Win Rate: 65% on trades based on Fibonacci retracements and extensions

  • Average Risk/Reward: 1.7:1

SpudFibo

How to Install & Configure

  1. Download the SpudFibo V1.0 Indicator from MQL5.software:
    SpudFibo V1.0 on MQL5.software

  2. Copy the SpudFibo.ex4 file into the MQL4/Indicators folder in your MT4 directory.

  3. Restart MT4 and locate SpudFibo V1.0 in the Navigator panel.

  4. Drag and Drop the indicator onto any chart.

  5. Configure the settings to adjust the Fibonacci levels (retracements, extensions) and alert preferences.

  6. Click OK—the indicator will begin plotting Fibonacci levels automatically.

SpudFibo

Why Choose YoForex-Powered Tools?

At YoForex, we prioritize quality, transparency, and continuous improvement. SpudFibo V1.0 is just one example of our commitment to providing free, easy-to-use tools that enhance your trading experience. We’re driven by real trader feedback and use years of market experience to design reliable, high-performance tools that can make a tangible difference in your trading results. Our products are back-tested, regularly updated, and completely free—no subscriptions required.

Want to explore more tools like SpudFibo? Check out our Beginner’s Guide to Fibonacci Trading or take a look at other indicators and EAs available on MQL5.software.

Support & Disclaimer

Disclaimer: Trading involves substantial risk. Past performance is not indicative of future results. Always test on demo accounts before applying any strategy to live markets. Use caution and trade responsibly.

Call to Action

Are you ready to boost your trading with the power of Fibonacci? Download SpudFibo V1.0 today—totally free! Get started now, and don’t forget that our support team is always available to assist you.