Fiona Trading System MT4 v1.011 (Original Ver)

What is Fiona Trading System MT4?

Fiona Trading System MT4 is a powerful custom indicator for MetaTrader 4, built to spot overbought/oversold zones and trend reversals with high accuracy. Using a sensitive RSI and long-term volatility filters, it gives clear buy and sell signals — perfect for scalping, day trading, and swing trading.

Version: New Version
The Right Platform: Meta Trader 4 (MT4)
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Key Features

🔹 Reversal Signals: Uses oscillator lines to spot momentum shifts and potential trend reversals.
🔹 Sensitive RSI: Built with a high-sensitivity RSI for quick reaction to price changes—great for short-term trades.
🔹 Volatility-Based Filters: Adjusts signal sensitivity based on long-term volatility for more accurate alerts.
🔹 Flexible Use: Works well for scalping, day trading, and swing trading by identifying overbought and oversold zones.

Fiona Trading System MT4 Review

1. Buy Order (Uptrend)

When the indicator falls below the 30 level and a yellow arrow appears at the bottom, it signals the market is oversold. If the lines begin to curve upward and a bullish candle forms on the main chart, it’s a good chance to enter a Buy trade.

🔹 Entry: After the yellow arrow appears and the lines start turning up.
🔹 Stop Loss: Just below the most recent swing low.
🔹 Take Profit: At the next resistance level or near the 70 line.

2. Sell Order (Downtrend)

When the indicator moves above the 70 level and a yellow arrow appears at the top, it signals an overbought market. If the lines start to turn downward and a bearish candle confirms, it’s a good time to open a Sell trade.

🔹 Entry: After the yellow arrow appears and the lines begin to slope down.
🔹 Stop Loss: Just above the most recent swing high.
🔹 Take Profit: At the next support level or near the 30 line.

Fiona Trading System MT4 Setting

Installation Steps

1. Open MetaTrader 4.

2. Go to File > Open Data Folder.

3. Navigate to: MQL4 > Indicators.

4. Copy and paste the Fiona System_v1.011.ex4 file into the Indicators folder.

5. Restart MT4 or right-click on the Navigator panel and select Refresh.

6. Drag the Fiona System onto your chart.

⚙️ Input Settings Explained

📌 How to Use It for Trading

✅ Buy Signal

• Indicator drops below 30

• A yellow arrow appears at the bottom

• Oscillator lines begin turning upward

• Confirm with a bullish candlestick
  → Place a Buy order

Stop Loss: Below the latest swing low
Take Profit: At next resistance or near 70 level

✅ Sell Signal

• Indicator rises above 70

• A yellow arrow appears at the top

• Oscillator lines begin turning downward

• Confirm with a bearish candlestick
  → Place a Sell order

Stop Loss: Above the recent swing high
Take Profit: At next support or near 30 level

📈 Tips for Best Results

• Use on timeframes: M15, M30, H1

• Combine with price action or trend confirmation

• Avoid trading during low-volatility sessions (e.g. late Friday)

In the Downloads folder, there are:

✅ Fiona System_v1.011.ex4
✅ Candle_Timer.ex4
✅ VCrush Code Symbols.ex4

>>> Reviewed by Micheal Elliot

Conclusion

Fiona Trading System MT4 is a user-friendly, professional indicator for MetaTrader 4 that helps spot overbought and oversold conditions with high accuracy. It’s built for traders of all levels and combines a sensitive RSI, volatility filters, and clear visual signals like arrows on the chart to support quick and confident trading decisions.