Strategy for breaking through Fibonacci levels

Marketplace: ;
Orders: deferred;
IndicatorsFibonacci levels, ATR(3);
Protective orders: StopLoss, TakeProfit.

Looking for high and low on the interval of about a day on the hourly chart. If the current price is above the level 38.2% from the daily range, it is set sell-order to break 61.8%, stop loss - mark 23.6%, the profit - from 100%, i.e. not higher than the found minimum.

During the day, an idle order may be corrected by new highs/minimums.

The order is removed before triggering, if the average movement over 3 periods ATR(3) more than the difference between the entry and the stop.

Similarly, a buy order is placed and maintained BuyStop.

Figure 1. a strategy of breaking through the Fibonacci levels.