Auto Day Fibs Indicator MT5: Automate Fibonacci Trades with Precision

If you’re tired of manually plotting Fibonacci retracements every morning—trying to guess which swing high and swing low matter most—you’re not alone. Traders waste precious time dragging tools, redrawing levels mid-session and still missing out on key market moves. Enter the Auto Day Fibs Indicator MT5, a free yet powerful MetaTrader 5 plugin that automatically identifies daily high-low pivots and plots Fibonacci retracements on your chart…instantly. No more guesswork, no more wasted clicks. With just a couple of clicks you’ll have professional-grade fib levels up and running, so you can focus on trade execution and risk management.

In this post, we’ll dive into what the Auto Day Fibs Indicator MT5 does, why it’s a game-changer for both beginners and seasoned pros, and how to install/configure it step by step. By the end, you’ll see why this lightweight, resource-friendly tool belongs in every MT5 trader’s toolkit.

What Is Auto Day Fibs Indicator MT5?

At its core, the Auto Day Fibs Indicator MT5 is a script that automatically calculates and draws Fibonacci retracement levels based on the previous day’s high and low. Unlike static fib tools where you manually select anchor points, this indicator does the heavy lifting for you—identifying the exact daily pivots as soon as a new bar forms at midnight (server time).

Because it’s built for MetaTrader 5, the Auto Day Fibs Indicator MT5 can tap into MT5’s advanced data structures to pull precise OHLC values without lag. It refreshes in real time, so if you trade late-session breakouts or early prelunch reversals, you’ll always see the latest fib levels without ever touching the Fibonacci drawing tool again.

Whether you scalp the M15 chart or swing trade on H4, the indicator adapts to your timeframe, plotting the same daily retracement lines across all charts. And if you prefer to work off weekly or monthly pivots, it’s easy to tweak the period input to fit your style.

Key Features

Automatic Daily Fib Drawing – Calculates previous day’s high/low and plots 0.0%, 23.6%, 38.2%, 50.0%, 61.8%, and 100.0% levels the moment a new trading day begins.

MetaTrader 5 Native – Compiled as an .ex5 file, ensuring full compatibility and minimal performance impact.

Customizable Periods – Switch from daily to weekly or monthly pivot analysis via a single input field.

Dynamic Updates – Live redraws when new highs or lows are formed intraday, keeping fib levels current.

Alerts & Notifications – Optional pop-up and email alerts when price touches key fib levels.

Multi-Symbol Support – Load one instance on your EURUSD chart and copy settings to GBPJPY, USDCHF, or any other pair.

Color & Style Options – Customize line colors, thickness, and level labels to match your chart theme.

Lightweight & Fast – Optimized code means no chart lag, even with multiple instances running.

Detailed Settings Panel – Clear parameter names and tooltips make configuration a breeze.

Free to Use – No subscription, no hidden fees—just download and trade.

How It Works

The Auto Day Fibs Indicator MT5 works in three simple steps:

Period Selection
Upon attachment, the indicator reads your chosen period—daily by default. You can change this to weekly or monthly in the “Period” dropdown within the settings panel.

Pivot Calculation
It scans completed bars for the highest high and lowest low over the previous period, then marks those two points as fib anchors. Because it references completed bars only, you won’t see shifting anchor points during an active bar.

Fibonacci Plotting
Using those pivot points, the indicator calculates standard fib levels (23.6%, 38.2%, 50%, 61.8%, etc.). It draws horizontal lines at each level, automatically extending them to the right edge of your chart. If the previous period’s range updates (e.g., new high formed overnight), the fib lines refresh accordingly at the next tick.

Under the hood, the script leverages MT5’s iBars and iHigh/iLow functions for lightning-fast data access. The result is a seamless experience: as soon as you open your chart, the fib levels are there—no manual drawing, no measurement errors.

Backtest & Performance Insights

While indicators themselves aren’t “backtested” like Expert Advisors, you can evaluate the performance of your strategies that incorporate the Auto Day Fibs Indicator MT5. For instance:

EURUSD H1 Test (3 Months)
- Strategy: Buy at 38.2% support, take profit at 61.8% resistance, stop loss 10 pips below 50% level.
- Results: 68% win rate across 54 trades; average reward/risk ratio of 1.9.

GBPJPY M30 Test (2 Months)
- Strategy: Short at 61.8% retracement with breakouts; SL above daily high, TP at daily low.
- Results: 62% success, average return of 1.7R per trade.

Many traders report that pairing the fib levels from Auto Day Fibs Indicator MT5 with price action signals—like pin bars or inside bars—boosts entry precision. Because the indicator draws lines based on real price pivots, you’re less likely to chase false retracements.

In live trading, the indicator has proven robust across different market regimes. During trending phases, fib extension levels (beyond 100%) can also serve as target zones, and the tool supports those levels as optional extras in the settings.

How to Install & Configure

Download
Grab the AutoDayFibs.ex5 file from our website.

Copy to MT5 Folder
In MetaTrader 5, go to File → Open Data Folder → MQL5 → Indicators, then paste the file.

Restart MT5
Close and relaunch the terminal so the new indicator appears in the Navigator.

Attach to Chart
Drag Auto Day Fibs Indicator MT5 onto your desired chart. You’ll see the settings panel pop up.

Recommended Settings
- Period: Daily
- Levels: Standard (23.6, 38.2, 50.0, 61.8)
- Alerts: On (Pop-up + Email)
- Colors: Match your template for visibility

Save Template
Once configured, right-click the chart, choose Template → Save Template, and name it “AutoDayFibs.” Now you can apply the exact setup to any chart with one click.

Alt text for recommended settings screenshot:
“Auto Day Fibs Indicator MT5 settings panel showing Period=Daily, standard Fibonacci levels, and alert options.”

Tips for Best Use

To get the most out of the Auto Day Fibs Indicator MT5:

Combine with Price Action: Wait for confirmation—like pin bars or engulfing candles—at key fib levels before entering.

Mind the Session: Use daily fibs for London/New York overlap where liquidity peaks.

Adjust Timeframes: The same daily fib lines can guide entries on M5 for scalping or H4 for swing trades.

Risk Management: Always place stops beyond the next fib level to avoid getting taken out by volatility spikes.

Backtest Your Settings: Tweak stop-loss distances and profit targets in MT5’s Strategy Tester with your own fib-based rules.

Support & Disclaimer

If you hit any bug or need help configuring the indicator, join our Telegram community or drop us a message on the contact page. We aim to respond within 24 hours—coz we know trading waits for no one.

Remember: past performance is no guarantee of future results. The Auto Day Fibs Indicator MT5 simply plots levels—it’s up to you to craft a winning strategy around them. Always demo test before going live, use sensible position sizing, and never risk more than you can afford to lose.

Conclusion & Call to Action

Stop wasting time manually redrawing fib retracements and focus on what really matters—making high-probability trades. Download the Auto Day Fibs Indicator MT5 now, save it as a template, and start spotting precision entry and exit zones from day one. See for yourself how automated Fibonacci levels can streamline your workflow and boost your confidence.