If you’ve ever traded using pivot points or Fibonacci levels, you already know how powerful they are on their own. Now imagine combining both into one tool. That’s exactly what the FiboPiv V2 Forex Indicator for MT4 does: it merges pivot levels with Fibonacci expansion channels to give you crystal-clear breakout and target zones.
This is one of those free MT4 indicators that feels like a premium tool because of how clean and straightforward it is. Whether you’re a day trader, swing trader, or breakout trader, FiboPiv V2 can guide you through key levels and help lock in profits with confidence.
Why the FiboPiv V2 Forex Indicator Works
The idea is simple:
- Pivot points show you where the price is likely to break out or stall.
- The Fibonacci expansions project shows where the price could travel next.
Instead of plotting these manually, the FiboPiv V2 Forex Indicator handles it automatically. The result? A set of pivot breakout zones plus three Fibonacci target levels above and below the pivot.
This way, you don’t just know when a breakout is happening, you know where the price might go afterward.
Read More Basic Harmonic Pattern Indicator MT4 Free Download
How to Trade With the FiboPiv V2 Indicator
Here’s a practical way I use it on my charts:
Buy Setup
- Wait for the price to close above the pivot line.
- Enter a buy order on the next candle.
- Place your stop-loss just below the most recent swing low.
- Aim for the higher Fibonacci levels (38%, 50%, 62%) as take-profit targets.
For example: If EUR/USD breaks above the pivot at 1.0850, I’ll target 1.0900 or 1.0950, depending on momentum.
Sell Setup
- Watch for the price to break and close below the pivot line.
- Enter a sell order just below the pivot.
- Place your stop-loss above the most recent swing high.
- Ride the move down toward the Fibo extension supports (38%, 50%, 62%).
If the price refuses to break through a Fibonacci level, that’s your cue to exit early.
Risk Management Tip
Always aim for at least a 2:1 risk-to-reward ratio. As an example, risking 20 pips should mean looking for at least 40 pips of profit. The Fibo levels make this easier.
1ms Latency to Your Broker
100% Uptime Guarantee
Max Leverage
Small Accounts
Platforms
1:2000
Yes ✅ (Cent)
MT4, MT5
No Commission
Use code “forexcracked” for 20% off
Up to 90% profit splits
Early payout options are available.
Download a Collection of Indicators, Courses, and EA for FREE
Settings and Customization
Unlike some Forex indicators, the FiboPiv V2 Forex indicator keeps everything simple:
- Default Fibonacci expansion levels: 38% – 50% – 62%
- Works on all timeframes, from M1 scalping charts to monthly analysis
- Just check “Allow DLL Import” when loading it on MT4 for accurate calculations
- No need to tweak parameters, it’s ready out of the box
Why Traders Love It
- Combines two proven tools: pivots + Fibonacci
- Easy to use for beginners, powerful enough for advanced traders
- Great confluence when paired with RSI, Stochastics, or Moving Averages
- Perfect for breakout trading
- Free to download and works on all forex pairs
Free Download FiboPiv V2 Forex Indicator
Read More Jebatfx Breakout Trendline MT4 Indicator – Trade Forex Breakouts Like a Pro
Conclusion
The FiboPiv V2 Forex Indicator for MT4 is a solid breakout trading tool that helps traders pinpoint entry zones and realistic profit targets. Combining pivot levels with Fibonacci extensions gives you both the “when” and “where” of trading setups.
If you’re tired of manually drawing lines or guessing targets, this indicator does the heavy lifting for you. Simple rules, clean signals, and reliable targets are exactly what price action traders need.
And the best part? It’s completely free. Download it, load it up on your charts, and let it guide your next breakout trade.
