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    Fibo Retracement Pending Order

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    • E
      eklonsousa last edited by

      Hi guys!

      How can I open pending orders in some fibo retracement region? I mean,if 50% fibo retracement price is 100, I want to check some conditions and open the pending order in some border line like 98, 99, 100, 101, 102...something like this..

      Any way to do it ?

      thank you!

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      • E
        eklonsousa last edited by

        @fxDreema , please, could you help?

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        • fxDreema
          fxDreema last edited by

          Fibonacci is an object, let's start with that. Do you have any success in reading its levels? Then, after you get that level of 100 for example, what is the method of calculating the other levels - 98, 99... ? By the way, there is a block to place bunch of pending orders - Buy(Sell) pending orders in grid - you need to know the level of the first order and all the other orders are placed at certain distances from that first order.

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          • E
            eklonsousa @fxDreema last edited by

            @fxdreema Thanks for your reply.

            I want to work only one order at time.
            I`ll show you what I meant?

            alt text

            In this case we have the 50% retracement level crossed by candle ID 3, candle id 2 (in this candle id 2, also 61.8 was "activated") and is almost equal low of candle ID 1 .
            I want to consider anyone of these situations to open a pending order. Whatever the candle crossed by, just touch the 50% or is a little below the 50% level. It need to work for equal price, little below or little above.

            Just like once the price crossed, touched or is close to 50% price level, the retracement price level is activated and then open the order. It sounds like a rounding of price...but it is...

            Thanks again!

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            • E
              eklonsousa last edited by eklonsousa

              @fxDreema ,

              Maybe there is an issue here.

              I just want to open a pending order in 50% fibo retracement. and i've tried these ways:

              (Fibo is drawing fine)

              alt text
              It doesn't work.

              Also tried:

              alt text
              With this variable changing:

              alt text
              I've tried this one with Numeric value too. No sucess..

              alt text

              There is no codition. It is opening all the time, but in wrong price level.
              alt text

              Most of the tried it opened trades in 0 level from fibo draw. And sometimes it keep working with the same level till the end....

              Im using @miro1360 ZigZag (Advanced) link text to draw the fibo.

              I've also tried the "Price Level 1" [..2,3..] for Fibo...but I need more that three level. BTW I didn't understand it's logic...

              Thanks in advance!

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              • fxDreema
                fxDreema last edited by

                Look at this parameter "Fibonacci level (0-32)". The value of this should be like 0 or 1 or 2... it's the index of the level, not the % value. I'm not sure which level has index 0, it's either 0 or 100. But level 50 is right into the middle, so it must be 3

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