How to drawn Fibonacci Retracement Levels?

I use MetaTrader ( demo account at fxopen ). When i drawn a Fibonacci , i only have some Retracement Levels
23.6, 38.2, 50,0, 61.8, 76.4, 100, 161.8 , 261.8.

I want more , ex 76,4 or 127.2…

Is there a way to drawn it in MT ?

And how to drawn Pivot Points like that babypips.com/school/pivot_points.html ? I don’t see it in MT :frowning:

don’t bother with fibonacci in mt4, they draw everything backwards anyways.

When you draw the Fibo lines right click and click on Fibo Properties, then go to Fibo levels, then click add or delete to your desire.

Perhaps you don’t know how to set them up properly…:cool:

Im sure the way they are drawn seems fine if your used to using meta trader, but believe me, they are drawn opposite from every other trading software.

I’ve used other non mt4 platforms, and seen charts from other platforms…seemed pretty much the same. You draw from point A to point B…it calculates the fib levels in between and outside the range…what’s backwards about that :confused:

In Mt4, If you want to place fibonaci retracements on an uptrend, you have to click from the high point to the low point, opposite from other platforms. Thats all I meant.

When I draw fibs on an uptrend in MT4, I draw from the low to the high. The low is 100%, the high is 0%. Then as price retraces down, it goes down thru the levels…23, 38, 50, 62, 78… back to 100% retracement which is the low. I don’t understand why you think you have to draw from the high to the low…:confused:

I switched into windows and ran mt4 to check this, and you are absolutely right, and I apologize for insisting otherwise. Needless to say, it has been a long time since I have used this program, and for some reason I had remembered that there was a glitch in the Fibonacci retracements even though there are none.

Glad to help clear that misconception up :slight_smile:

Maybe it was the extension levels instead…:wink:

Yes, I think thats what it was, why are extensions drawn bellow the low in mt4?

I don’t know but I agree it’s backwards. However I suppose the reasoning is that 127% does come after 100%…lol. What I’ve done instead is customize the fib tool by putting a minus sign in front of the extension number…, and it puts the 127% line beyond the 0.

Actually I have all the extension levels plotted on either side of the 0 & 100%, so no matter which way I draw the fibs, the extension levels are there :wink:

Genius!

You Canadians are good for something after all!

However, I have no interest in your people’s penny stock tips, so if you could kindly ask the Head Cheese over in that part of the world to stop with the spamming nonsense, I’d appreciate it.

Hang on a sec…
I’m running MT4 with "Go Trader"
And the whole Fib thing has been throwing me because of this EXACT problem! If in an uptrend, I have to draw from the HIGH to the LOW to get the extensions to extend ABOVE the HIGH… (naaawatimsayin)

It IS backwards! Can anyone confirm this or explain what the deal is?? Because its been a pain as a newbie having this issue…

I draw from a HIGH to a LOW and then my Fib numbers run from smallest at the bottom of the graph (bull-trend) to 100% at the top of the swing, then on to the extensions…

Yes we need to put minus in front of extension numbers.
Here is a thread, which is very helpful.
Fibonacci Adjustment for MetaTrader 4