Expansion Fibonacci

[rezazadeh_mr]

Hi guys,
I am creating an EA by using the expansion Fibonacci tool. But something is wrong in this regard.
I want to define a condition as below:
If the candle close goes below the expansion Fibonacci level of 61.8%, and reversal candlestick patterns appeared then buy.
I tried to draw a horizontal line on the 61.8% level, but the line is not drawn in the right position. I don't know what is wrong?!
I am drawing the line in retracement Fibonacci correctly but the same method is not coming true in case of expansion Fibonacci.
I would appreciate it you if let me know what is wrong.

[l'andorrà]

Can you please share the link to your project?

[rezazadeh_mr]

Sure.

https://fxdreema.com/shared/IGhrAMIlc

[rezazadeh_mr]

I want to use expansion Fibonacci to open a trade (Buy) and specify a target by retracement and extension Fibonacci

[l'andorrà]

@rezazadeh_mr Personally I don't like the way fxDreema deals with fibos. I prefer to create my own structure in order to find the levels I want. Would you need one only expanded fibo level or more than one?

[rezazadeh_mr]

Your right totally.
How I can create three levels of expansion Fibo, 61.8, 100, and 161 percent?
Do you have any solution?

[rezazadeh_mr]

I need 61.8%, 100%, and 161% in fact, but maybe I could finish my job by one of the 61.8% or 100% levels. Do you have any solution to create these levels?
I appreciate it if you could share your solution with me.

[rezazadeh_mr]

Dear my friend,

I created expansion Fibonacci levels successfully by calculating the levels and drawing the lines.
I want to predict the future prices by fibo tools at H1 time frame and enter to a buy at 5min time frame.
Please let me know if you have any ideas.
Regards
Mohsen

[l'andorrà]

Good for you! I'm not very good a using fibos so I'm afraid I cannot be of much help when suggesting strategies. I always prefer to base my trading on supports ans resistances instead.