Narrator Fibonacci Auto and Manual can be found on the MQL5 marketplace, it was first uploaded by Artiom Choults on the 20th of October 2015, it has not received any further updates and so the indicator is still on version 1.0.
Narrator Fibonacci Auto and Manual is an indicator that was created for the MetaTrader 4 trading platform, its main purpose s to draw ZigZags onto the chart, it will then use these ZigZags to work out Fibonacci levels, it will do the majority of it fully automatically.
The main benefits of using this expert advisor:
- Voice alerts, with a built-in sound pack.
- User-friendly navigation and interface.
- Highly customizable input parameters.
- Recovers itself after lost Internet connection, terminal restart, or timeframe change.
You do not even need to be in front of your computer and still have an idea where the market is heading to simply by listening to the voice alerts. You can predefine yourself the number of pips you want to be alerted in advance. Currently, they support the following levels: 38.2%, 61.8%, 127.0%, 161.8%, 261.8%, 423.6% and 685.3%.
If you do not use all these levels, then you can easily remove them in the “Fibo properties…” window after selecting and right-clicking on the Fibonacci object. The alerts for the removed levels will disappear automatically. In terms of parameters, three are a few such as setting the depth, deviation, backstep for ZigZags, changing the number of ZigZag lines, which lines to use Fibonacci levels on and more.
The indicator will currently cost you %400 if you wanted to purchase it outright, this will give you 7 activations of the software. There is also the option to rent it, you can do this on a monthly basis which will cost you $20 per month, for three months it will cost $40, for six months it will cost $59 and for a one-year rental, it will cost you $100.
There is a free demo version, but the details of it are not stated, due to the lack of information it may only be usable on the strategy tester within MetaTrader 4.
Sadly, there are no user reviews given for the indicator so we do not know how people are finding it or if it is, in fact, doing what it is meant to be doing. There are two comments from people who have purchased it, the developer has not responded to either of them which is not a great sign, we would strongly suggest trying out the free version, we would also send any queries or questions that you may have to the developer, to make sure that it will do what you need it to, and also to check whether the creator of the indicator is still supporting it and the people who have purchased or rented it.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/11578