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    Working with Fibonacci

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    • A
      alimilani2006 last edited by

      Hey there,
      I want to implement this strategy:
      whenever the ichimoku Tenkensen line crosses above the Kijunsen line, draw a Fibonacci retracement from the crossing point to the previous swing low (I call this FiboBuy). In addition, whenever the Tenkensen line crosses below the Kijunsen line, draw a Fibonacci retracement from the crossing point to the previous swing high (I call this FiboSell).

      Then monitor the price for me.
      If the price crosses above the level 3.2 of the Buy fibonacci, then place a buy pending order (open price: level 0 of the fibonacci; SL: 5 pips below level 0 of fibonacci, TP: 200% of SL).
      If the price crosses below the level 3.2 of the Sell fibonacci, then place a sell pending order (open price: level 0 of the fibonacci; SL: 5 pips above level 0 of fibonacci, TP: 200% of SL).

      This is how I have implemented the scenario:
      https://fxdreema.com/shared/GhW9FPEP

      It does not work. I am pretty sure that the problem is in the price levels of Fibonacci as I have shown in the screenshots, What values should I enter for these sections? Capture 2.PNG Capture 1.PNG

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      • A
        alimilani2006 last edited by

        I actually don't know what are the (0-31) levels of the fibonacci? which numbers does each of them correspond to?

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        • l'andorrà
          l'andorrà last edited by

          This is the second thread you created for the exact same question. Please don't duplicate threads.

          (English) I will try to help everyone in these fxDreema forums. But if you want to learn how to use the platform in depth or more quickly, I can help you with my introductory fxDreema course in English at https://www.theandorraninvestor.eu.

          (Català) Miraré d’ajudar tothom en aquests fòrums d’fxDreema. Tanmateix, si vols aprendre a fer servir la plataforma amb més profunditat o més de pressa, t’hi puc ajudar amb el meu curs d’introducció a fxDeema en català a https://www.theandorraninvestor.eu/ca.

          (Español) Intentaré ayudar a todo el mundo en estos foros de fxDreema. Sin embargo, si quieres aprender a usar la plataforma en profundidad o más deprisa, te puedo ayudar con mi curso de introducción a fxDreema en español en https://www.theandorraninvestor.eu/es.

          A 1 Reply Last reply Reply Quote 0
          • A
            alimilani2006 @l'andorrà last edited by

            @l-andorrà Sorry, I deleted the previous one. I though it had been deleted.

            1 Reply Last reply Reply Quote -1
            • S
              sarfraz last edited by

              image.png

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              • A
                alimilani2006 last edited by

                Thank you very much. I really appreciate it.
                Could you please share the web link for this so that I can see the inside parameters of the blocks.
                Once again thank you very much.

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                • TipsyWisdom
                  TipsyWisdom last edited by TipsyWisdom

                  levels, are the possible number of levels that you will allow it. It must be numbered from 0 to 31.

                  So now lets say I want to plot 0,25,50,100

                  I would refer to those levels now as 0,1,2,3
                  and then when you reference them in the object block, you will use the level #, not the fib retracement %.

                  Also, to achieve 227% it would be 2.27

                  1 Reply Last reply Reply Quote -1
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