Fractal Breakout Forex Support and Resistance Strategy

0
3821

Fractal Breakout Forex Support and Resistance Strategy

This is a price action system that uses breakout of the high and low. This works on a 5 minute timeframe or higher
and applicable to any currency market.

Forex 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.

Buy Entry:

  • EMA>EMA 50 or price above EMA 11 and EMA 50.
  • Wait when the price close above the resistance of the fractal breakout indicator, then buy.

These are the conditions:

  • Breakup the trend line,
  • CCI Nuf histogram green color,
  • Filter histogram above the Moving Average

Sell Entry:

  • EMA<EMA 50 or price above EMA 11 and EMA 50.
  • Sell whe the price close below the resistance of the fractal breakout indicator.

These are the conditions:

  • Breakdown the trend line,
  • CCI Nuf histogram red color,
  • Filter histogram below the moving average.

Exit position:

  • Place initial stop loss above/below support and resistance.
  • You can use the profit target of the trend line.


Forex Trading Strategies Installation Instructions

Fractal Breakout Forex Support and Resistance Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex strategy is to transform the accumulated history data and trading signals.

Fractal Breakout Forex Support and Resistance Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this strategy accordingly.

Recommended Forex Metatrader 4 Trading Platform

XM MT4 BrokerAccept Global Clients (Excluding U.S Residents)

  • Free $30 To Start Trading Instantly
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Awards-Winning Forex Broker

xm account opening guide

Click Here for Step By Step XM Trading Account Opening Guide

IG Market MT4 BrokerAccept Global Clients (Including U.S Residents)

  • Trusted and Regulated
  • World’s No.1 CFD Trading Provider
  • Easy-to-Use Platforms
  • USA’s best forex provider

ig market

How to install Fractal Breakout Forex Support and Resistance Strategy?

  • Download Fractal Breakout Forex Support and Resistance 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
  • Right click on your trading chart and hover onTemplate
  • Move right to select Fractal Breakout Forex Support and Resistance Strategy
  • You will see Fractal Breakout Forex Support and Resistance Strategy is available on your Chart

*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.

Click here below to download:

Save

Save



Get Download Access

LEAVE A REPLY

Please enter your comment!
Please enter your name here