MT4 and MT5 (MetaTrader platforms) are widely used by forex and CFD traders. They come with a built-in Fibonacci retracement tool—but to get the most out of it, you should know how to customize Fibonacci levels on MT4 and MT5.
In this quick guide, you’ll learn how to add, edit, and save your favorite Fibonacci levels in just a few steps.
✅ Why Customize Fibonacci Levels?
The default Fibonacci settings on MT4/MT5 include only a few levels. By customizing, you can:
- Add commonly used levels like 78.6% or 88.6%
- Include price labels for clarity
- Add extension levels like 127.2%, 161.8% for profit targets
- Improve visibility with personalized styles and colors
✅ Step-by-Step: Customize on MT4
1. Open the Fibonacci Tool
- Go to Insert > Fibonacci > Retracement
- Draw it on the chart by clicking from swing low to swing high (or vice versa)
2. Edit Levels
- Right-click on the Fib lines → Click “Fibo properties…”
- Go to the “Fibo Levels” tab
- Add new levels using this format:
- Level: 0.618
- Description: 61.8%
- Add levels like:
- 0.236 = 23.6%
- 0.382 = 38.2%
- 0.5 = 50.0%
- 0.786 = 78.6%
- 1.272 = 127.2% (for extensions)
- Click OK to apply
3. Save Settings
- These settings are saved automatically in your MT4 profile
- You can also create templates to reuse the same chart setup
✅ Step-by-Step: Customize on MT5
Customization on MT5 is very similar:
- Insert > Objects > Fibonacci > Retracement
- Draw on the chart, then right-click → Fibo Properties
- Edit levels, colors, and style as needed
- Save as part of your MT5 profile or use a chart template
✅ Tips for Better Use
- Add price labels to level descriptions using
@%$syntax
Example:61.8% @%$will display both the percentage and price - Use different colors or line widths for key levels like 61.8%
- Add Fibonacci extensions to the same tool for swing trading targets
Example Custom Levels
| Level | Label |
|---|---|
| 0.236 | 23.6% |
| 0.382 | 38.2% |
| 0.500 | 50.0% |
| 0.618 | 61.8% |
| 0.786 | 78.6% |
| 1.272 | 127.2% |
| 1.618 | 161.8% |
Final Thoughts
Learning how to customize Fibonacci levels on MT4 and MT5 allows you to make the most of this powerful tool. Whether you’re day trading or swing trading, your charts should reflect your strategy—not just the platform defaults.
Once customized, your Fibonacci tool becomes a reliable part of your trading plan.
✅ FAQs
1. Can I add Fibonacci extensions on MT4?
Yes. Use values above 1.0 like 1.272, 1.618, 2.0 for extensions.
2. Are customizations saved after closing the platform?
Yes, they are saved automatically with your profile or template.
3. Can I show both percentage and price on Fib levels?
Yes. Use @%$ in the label field to show both.
4. Can I change the line color and thickness?
Absolutely. You can customize style, color, and line width in the settings.
5. Is customization available on mobile MT4/MT5?
No. Customization is limited on mobile apps; use the desktop version.
