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Unlock the Power of the Spud Fibo Indicator MT4 with YoForex!

The Spud Fibo Indicator MT4 is a cutting-edge trading tool designed to help you capitalize on Fibonacci retracement and extension levels. It’s built to provide high-accuracy trading signals, automate your strategies, and enhance your forex trading experience. Here’s everything you need to know about its usage, strategy, and benefits:

🔑 Key Features

Platform: MetaTrader 4 (MT4)
Strategy Type: Fibonacci Retracement and Extension Levels
Best Currency Pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, and Gold (XAU/USD)
Time Frames: Works best on H1, H4, and Daily (D1) charts for optimal accuracy.

📊 Minimum Deposit Requirements

Standard Account: $100
Cent Account: $10
Leverage Recommendation: 1:500

Spud Fibo Indicator

🎯 How the Strategy Works

The Spud Fibo Indicator MT4 uses Fibonacci levels to identify high-probability entry and exit points:

Entry Points:
The EA automatically identifies price pullbacks to Fibonacci retracement levels (23.6%, 38.2%, or 61.8%) and predicts potential reversals.
Stop-Loss (SL):
SL is placed below the recent swing low or above the swing high to minimize risks.
Take-Profit (TP):
TP is calculated based on Fibonacci extension levels (127.2%, 161.8%, or beyond), ensuring maximum reward from each trade.
Trade Filters:
Uses Moving Averages (MA) and RSI filters to confirm trade setups for improved accuracy.
Automatic Risk Management:
Adapts position sizing based on your account balance to protect capital.

⏱ Time Frame to Run

Run the EA continuously during major trading sessions:
- London Session: 7:00 AM to 4:00 PM (GMT)
- New York Session: 12:00 PM to 8:00 PM (GMT)