Forex Fractal Breakout Resistance Trading Strategy

Forex Fractal Breakout Resistance Trading Strategy:

Fractal Breakout is a classic price action strategy on the breakout of the high/low.

Here there is also a trend line for support. There are two free trend line indicators mql4 for metatrader 4 ( De Mark Trend line trader and Mouteki-De Mark Trend new).

The difference with other similar strategies is the introduction of a filter based on robust momentum indicators with the trend line. Specifically, the histogram of the ICC Nuf is very easy to interpret supported by the histogram filter indicator.

Time Frame 5 min or higher.

Financial Markets any.

Metatrader Indicators

Exponential moving average 11 period close,

Exponential moving average 50 period close,

CCI NUF 4,

De Mark Trend line trader,

Mouteki-De Mark Trend new,

Fractal support and Resistance,

Filter indicator with Smoothed moving average 4 period.

Rules for Fractal Breakout

Buy

EMA>EMA 50 or price above EMA 11 and EMA 50.

Buy whe the price close above the resistance of the fractal breakout indicator.

Conditions:

Breakup the trend line,

CCI Nuf histogram green color,

Filter histogram above the Moving Average

Sell

EMA<EMA 50 or price above EMA 11 and EMA 50.

Sell whe the price close below the resistance of the fractal breakout indicator.

Conditions:

Breakdown the trend line,

CCI Nuf histogram red color,

Filter histogram below the moving average.

Exit position

Place initial stop losso above/below support and resistance.

You can use the profit target of the trend line (see left corner in the window).

In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.

For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.

How to install Forex Fractal Breakout Resistance Trading Strategy?

• Download Forex Fractal Breakout Resistance Trading Strategy.zip
• Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
• Copy tpl file (Template) to your Metatrader Directory / templates /
• Start or restart your Metatrader Client
• Select Chart and Timeframe where you want to test your forex strategy
• Load indicator on your chart

How to uninstall Forex Fractal Breakout Resistance Trading Strategy?

To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.

Download Free Forex Fractal Breakout Resistance Trading Strategy