Cryptomatum

Fractals Strategy [MN]

In my opinion this is a very powerful indicators for beginners. You can use this indicators to find high probability trade setups. This is my thought process when I use this strategy to trade. Please do your research and use these at your own risks.

Instruction:
Trend up = Green top, Red middle, Blue bottom
Trend down = Blue top, Red middle, Green bottom
Trend sideway = No clear trend from 3 lines

Long conditions:
1. Trend up
2. Draw fractal (high) trend line and place buy order a little above it
3. Use other indicators like MACD or RSI or support/resistance line to confirm
4. Ignore when market is unstable or trend is unclear

Short conditions:
1. Trend down
2. Draw fractal (low) trend line and place buy order a little below it
3. Use other indicators like MACD or RSI or support/resistance line to confirm
4. Ignore when market is unstable or trend is unclear

Take profit conditions: Use MACD or RSI to detect divergence points to take profit.

Stop loss conditions: Use the most recent fractal support line.

Release Notes: Update Fractals points to have ideal case and normal case. White dots are ideal cases and Aqua dots are normal cases.

See this image for example of ideal case and normal case. 2 shapes on the top of the image are ideal cases. 3 shapes at the bottom of the image are normal cases.
https://paxforex.com/forex-blog/forex-fractals
Release Notes: Added a only ideal cases switch.
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