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Implementing fibs in zorro

Hi, dose any one know if fibs can be used in zorro I have been looking at the manual and I can’t see it mentioned, I would like to use fibs as a entry TP , and SL but I also need to be able to recognise a higher high  and lower low would I be able to to this with the peak and valley feature or is this used for something different

thanks

Hi Rob, and thanks for the interesting question! It appears the creators of Zorro Trader do not believe that trading on Fibonacci numbers has any merit, and thus "fibs" are not implemented in Zorro Trader. You can read some more about it here: https://financial-hacker.com/seventeen-popular-trade-strategies-that-i-dont-really-understand/

However, anything can be programmed in Lite-C. Even if Zorro Trader does not come with Fibonacci trading, we can always program any strategy ourselves. This way, we can always find out if something seems to work, or not. If you can provide a clear description of your Fibonacci strategy, I can try to help with the script 🙂