Indicator and Settings
1) Fractal - Periods 2 to 5, 2 by default
2) Moving average - Length = 20
Fractal up & down settings
1) Fractal up if fractal above MA(20), close price candle > MA(20)
2) Fractal down if fractal under MA(20), close price candle < MA(20)
3) If Candle fractal = pinbar or doji (body < 20% of total candle) don t take this one as a Fractal, ignor it
4) Don t take in consideration Candle with up and down signal
Long enter strategy
1) When price hit fractal level + range( see pics attached)
2) Range = Price High of that candle + 0.1% of price
3) Take profit = Full candle price range ( candle high – candle low)
4) Stop Loss – 0.1% under LowCandle (close 50% of trade) and 50% if price hit the last short level
Short enter strategy
1) When price hit fractal level + range ( see pics attached)
2) Range = Price low of that candle – 0.1% of price
3) Take profit = Full candle price range ( candle high – candle low)
4) Stop Loss – 0.1% above HighCandle (close 50% of trade) and 50% if price hit the last long level
Other:
strategy for mt5 and 4
alert for buy and sell market direct on the platform
i use time frame 1 hour and 4 hour so i ll need to see 4h signal in 1h time frame.
For more info pls contact me
thx you
George
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