MetaTrader 4 and 5

MetaTrader 4 and MetaTrader 5 look alike and the steps are nearly the same. Where they differ, both are given.

Way 1: Fibonacci Retracement

Draw it on a locked box

1. Open your market and switch to the box’s period (MN for a monthly box, W1 weekly, D1 daily). Note last period’s high and low in the Data Window (Ctrl+D).
2. Choose Insert → Objects → Fibonacci → Fibonacci Retracement (or the Fibonacci button on the toolbar).
3. Click on the high and drag to the low.

Enter the ladder’s values