Manually Drawing a Fibonacci Retracement
To manually draw a Fibonacci retracement on a MetaTrader price chart, click the Fibonacci retracement button, then click the start location on the chart, hold the mouse down while moving to the end location and release the mouse.
When a Fibonacci retracement is manually created, it is given a generated name by the MetaTrader platform. For example, it may be named "Fibo 1003".
The Fibonacci Trader Plug-in identifies Fibonacci retracements by their name. To change the name of a manually drawn Fibonacci retracement, in the MetaTrader platform go to:
Charts->Objects->Object List
Find the Fibonacci retracement in the list, highlight it and select Edit.
This will allow changing the Fibonacci retracement properties including the name.
Note: The name of each Fibonacci retracement should be unique. Do not place more than one Fibonacci retracement on the same chart with the same name.
