INTRODUCTION :

The 8 effective steps to build a robust day trading plan using Fibonacci retracement will help us use Fibonacci to locate potential entry points.

Having a trading plan is what differ us from amateurs because professional traders always use their trading plan.

HOW TO USE IT :

You can check the following video that will explain how to

• What are the 8 steps to build a robust trading plan based on Fibonacci retracement.
  
• Most common mistakes that trades do.
• Applying the trading plan to search for Fibonacci entry points.
  

PARAMETERS :

This script has 5 inputs, which are

• The Price on 50% Level on M5 TF : enter the price
  
• The Price on 61% Level on M5 TF : enter the price
  
• The Price on 100% Level on M5 TF : enter the price
  
• The Second Target on H1 TF : enter the price
  
• The Risk in % : enter the % risk on this trading setup