This method can be found on the following page:

http://www.svtr.org/Shri_Vidya/Shri_Yantra_14_steps.htm

Here is the result of this method:

We see that this method results in a very imprecise figure with many errors at the intersections.
This method doesn't use the proper sequence for drawing the figure, which is why there are so many errors at the intersections.
The proper method shown here will result in fewer and smaller errors.