8 Aug 2023, 15:42

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