How to Implement wavcalc values in MT4

It is sooo easy to put the values that our calculator uses (same as Forexmentor wave calculator values) into MT4. - here's how.

1. Draw a fibonacci retracement on a chart and then ctrl+B for the object list.

2. Select the line that says fibo and click on EDIT

3. Add the following values and descriptions to form and click okay then close. - job done!

THIS IS HOW IT WILL LOOK ON YOUR CHARTS

Here is where you input the parameters in MT4

these are the parameters

0.0 point 2 input end price 100% 0.38 point 3 retracement of 38% 0.5 point 3 retracement of 50% 0.618 point 3 retracement of 61.8% 1 point 1 input start price 0% -0.75 1st Take profit extension 175% -1.75 2nd Take profit extension 275% -0.618 Lower extension 168.1% -1 Higher extension 200% -2.618 Hi 361.8% -1.618 Lo 261.8%

Forexmentor say that the recommended profit level is at 175%. Therefore you could just add -0.75 1st Take profit extension 175% to the existing fibonacci inputs instead of all the above if you so whished.

any questions - just fire us an email or fill out the feedback form.

Be safe!