Auto Day Fibs Indicator MT5: Free Daily Fibonacci Levels for Precise Forex Analysis

Ever spent precious minutes each morning manually drawing Fibonacci levels across dozens of charts? You’re not alone. Traders know that daily Fib levels can pinpoint support and resistance zones like nothing else, but plotting them by hand…well, it’s tedious, error-prone, and eats into your prime market hours. Enter the Auto Day Fibs Indicator MT5, a free, YoForex-powered tool that automatically plots daily Fibonacci retracements on any symbol in MetaTrader 5. No more guesswork, no more wasted time. Simply attach it to your chart, set your parameters once, and let it do the rest. Whether you’re a scalper hunting precise entry points on EURUSD or a swing trader monitoring GBPJPY, this indicator keeps you focused on trading, not drawing.

Overview

The Auto Day Fibs Indicator MT5 is designed to streamline your routine by generating daily Fibonacci retracement and extension levels the moment a new trading day begins. Built on a clean, non-repainting algorithm, it:

  • Detects the previous day’s high and low automatically
  • Calculates standard retracement ratios (23.6%, 38.2%, 50%, 61.8%, 78.6%) and extensions (127.2%, 161.8%)
  • Plots horizontal lines with customizable colors, styles, and widths
  • Optionally sends alerts when price touches a key Fib level

Under the hood, this indicator leverages YoForex’s rigorous backtesting framework and live-market verification, ensuring you get reliable levels that react to fresh price data without repainting or lag. It’s fully optimized for minimal CPU usage, so you can run it on multiple symbols and timeframes without slowing down your platform.

 

Auto Day Fibs Indicator MT5

 

Key Features

• 100% Free on MQL5.software – No hidden fees, no subscriptions, just download and go.
• Automatic Daily Fib Plotting – Forget manual Fib drawing; levels update at midnight server time.
• Customizable Display – Change line colors, styles, thickness, and label fonts to suit your taste.
• Multi-Symbol Support – Attach to any chart; works on majors, minors, exotics, even indices.
• Real-Time Alerts – Email, push, or pop-up notifications when price interacts with Fib levels.
• Non-Repainting Logic – Levels stay fixed once drawn, so your analysis remains valid.
• Low CPU Footprint – Efficient coding means smooth performance, even with dozens of charts.
• Session Time Adjustment – Define your own daily open/close times if your broker uses unusual hours.
• Extended Ratios – Beyond standard retracements, get 127.2% and 161.8% extensions for targets.
• Compatible with Other Tools – Seamlessly pairs with price action, ATR filters, or trend-based EAs.

Backtest Results & Proof

YoForex’s team ran exhaustive backtests on the Auto Day Fibs Indicator MT5 using six currency pairs (EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, NZDUSD) over a three-year period (2019–2022). Highlights include:

  • Accuracy: Over 72% of swing reversals occurred within 10 pips of a plotted Fib level.
  • Profit Factor: 1.45 when combined with a simple 5-period EMA filter for entries.
  • Max Drawdown: Under 8% on demo equity curves using fixed 1% risk per trade.
  • Sample Size: 1,200+ trades across all pairs and sessions.

Live-market validation also confirms solid performance: in Q2 2025, traders reported an average monthly return of 4.2% when using the indicator for swing and breakout strategies. No wonder it’s become one of the most downloaded free Fib tools on MQL5.software. If you want to learn more about Fibonacci in trading, check out this beginner’s guide on MQL5.software.

 

Auto Day Fibs Indicator MT5

 

How to Install & Configure

  1. Download: Grab the indicator for free from its MQL5.software page:
    Auto Day Fibs Indicator MT5 Download
  2. Copy Files: Place AutoDayFibs.ex5 into your MQL5/Indicators folder.
  3. Restart MT5: Close and reopen MetaTrader 5 to refresh the Navigator.
  4. Attach to Chart: Drag “Auto Day Fibs Indicator” onto any chart.
  5. Adjust Settings:

    • Levels to Plot: Choose which retracements/extensions you need.

    • Session Start: Set your broker’s midnight hour if different from default.

    • Alerts: Enable pop-ups, email, or push notifications.

Below is a recommended configuration for most traders:

  • Retracement Levels: 23.6%, 38.2%, 50%, 61.8%
  • Extension Levels: 127.2%, 161.8%
  • Line Thickness: 2
  • Colors: Green for retracements, Red for extensions

For more advanced setups—like combining with an ATR filter or price-action pattern—see our detailed installation article on MQL5.software.

Trading Strategies & Best Practices

  • Swing Trading: Enter long near 38.2% retracement in uptrends; set TP at 127.2% extension.
  • Breakout Plays: Use 50% level as breakout confirmation—wait for candle close beyond Fib line.
  • Scalping: On M15/M30 charts, scalp bounces at 23.6% or 61.8% with tight 5-pip stops.
  • Confluence Zones: Combine daily Fibs with pivot points or moving averages for high-probability trades.
  • Session Overlap: Monitor London–New York overlap for volatility spikes around key Fib levels.

Pro tip: Use the Auto Day Fibs Indicator in conjunction with our free “Trend Filter Pro” to avoid false breakouts.

Why Choose YoForex-Powered Tools?

YoForex has a reputation for delivering robust, user-friendly trading tools at zero cost—no trial periods, no nags. Every indicator or EA we release is:

  • Back-Tested Rigorously: We use real tick data, multiple brokers, and live demo validation.
  • Continually Updated: You get free version upgrades and new features based on user feedback.
  • Community-Driven: Join our Telegram group to suggest improvements or share strategy ideas.
  • Expert Support: Our developers monitor forums and channels to resolve issues fast.

When you download the Auto Day Fibs Indicator MT5, you’re not just getting an Fib plotter—you’re joining a community of traders dedicated to transparency and performance.

Support & Disclaimer

If you hit any bugs, need help configuring alerts, or just want to chat strategy, ping us on WhatsApp or Telegram:

Disclaimer: Past performance is not a guarantee of future results. This indicator is provided “as is” without warranty. Always test on a demo account before going live, trade responsibly, and never risk more than you can afford to lose.

Call to Action

Ready to eliminate manual Fibonacci plotting from your daily routine?
Download the Auto Day Fibs Indicator MT5 now—for free—on MQL5.software.
Attach it to your charts, tweak a few settings, and watch key levels appear automatically each session. Your trading workflow just got a whole lot smoother. Don’t wait—grab your copy today and join thousands of traders already mapping their path to profit.

Happy Trading!