The Fractals Trend Line Breakout indicator for mt4 draws two powerful support & resistance breakout trend lines on the main chart.
The indicator pops up in the main MT4 chart window as a green & red colored breakout line.
The green breakout line acts as resistance, while the red breakout line acts as support.
The Fractals Trend Line Breakout indicator can be traded in multiple ways.
Buy & Sell Trade Example
- Open a buy trade as soon as the price closes above the green Fractal trend line (resistance break).
- Open a sell trade as soon as the price closes below the red Fractal trend line (support break).
The Fractals Trend Line Breakout indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors, and exotics) and shows promising results when used correctly.
Free Download
Download the “fractals-adjustable-period-trend-lines.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Fractals Trend Line Breakout mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Fractals Trend Line Breakout indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Fractal
Does the indicator repaint? No.
Fractal Trend-Line Breakout + Gann Trend Oscillator MTF Strategy for MT4
This MT4 trading strategy merges breakout signals from the Fractals Trend-Line Breakout Indicator (MT4) with a trend bias filter from the Gann Trend Oscillator MTF Indicator (MT4).
The fractal indicator alerts entries when the price breaks above a green dotted fractal line (for buys) or below a red dotted line (for sells).
Meanwhile, the Gann oscillator confirms trend direction: blue histogram bars = bullish, violet bars = bearish.
Because the fractals define breakout zones and the Gann oscillator ensures you only trade in the favored direction, this setup filters out many false signals.
It is best used on shorter timeframes (M5, M15) or for intraday moves.
Who Should Use This
Traders who prefer clear breakout entries but still want trend confirmation.
Good for those using MT4 with disciplined risk control and comfortable with moderate trade frequency.
Timeframes & Pairs
Recommended primary chart: M5 or M15.
Use the Gann oscillator on the same timeframe or on a higher timeframe to get a smoother trend.
Best on major FX pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF.
Buy Entry Rules
- The Gann Trend Oscillator must show bullish bias (blue histogram bars).
- A fractal breakout occurs: price closes above the green dotted fractal line. That is your entry trigger.
- Enter long at the close of the breakout candle (or on a small pullback toward the breakout zone if you prefer).
- Stop Loss: place SL just below the red dotted fractal line or a buffer below the recent swing low (whichever is more conservative).
- Take Profit: set TP based on a fixed reward-to-risk (e.g., 1.5× to 2× your risk) or target the next fractal breakout line or swing high.
- If Gann bars reverse to violet (bearish), consider closing the long position early.
Sell Entry Rules
- The Gann Trend Oscillator must show bearish bias (violet histogram bars).
- A fractal breakout occurs: price closes below the red dotted fractal line. That is your signal to sell.
- Enter short at the close of that breakout candle or on a slight retracement back toward the breakout level.
- Stop Loss: place SL just above the green dotted fractal line or above the recent swing high (whichever is more conservative).
- Take Profit: use a fixed R:R (1.5× to 2×) or target the next lower fractal line or swing low.
- If Gann bars flip to blue (bullish), exit the short position.
Advantages
- Uses clear breakout levels (fractals) for entry, reducing guesswork.
- Trend filter via Gann oscillator reduces counter-trend trades.
- Works well in trending markets with momentum.
- Relatively simple rules, easy to backtest and automate.
Drawbacks
- In choppy or sideways markets, breakouts may fail or whipsaw.
- Late entries are possible if you wait for confirmation. You may miss part of the move.
- Tight stops and small timeframes increase susceptibility to noise and slippage.
- You must choose timeframes and filter settings carefully for each pair.
Example Case Study 1 — EUR/USD, M15 (Bullish)
Setup
On EUR/USD in M15, the Gann histogram bars turn blue (bullish).
A green dotted fractal line lies just above the recent price.
Price breaks above that fractal line with a strong close.
Execution
Enter long at that close.
SL set a few pips below the red dotted fractal line. TP at 1.8× risk.
Price continues upward and reaches TP. Trade yields profit aligned with trend bias.
Example Case Study 2 — GBP/USD, M5 (Bearish)
Setup
On GBP/USD in M5, the Gann oscillator shows violet bars (bearish).
A red dotted fractal line lies above recent candles.
Price breaks below that fractal line with conviction.
Execution
Enter short at the close of the breakout candle.
SL is placed above the green dotted line or recent swing high.
TP at 2× risk or near the next fractal lower. Price falls sharply and hits TP.
Strategy Tips
- Only trade breakouts beyond the fractal lines (green for buy, red for sell). Do not enter prematurely.
- Use the Gann oscillator strictly as the trend filter. Reject entries when it doesn’t agree.
- Prefer trading during active sessions (London, New York) when momentum is stronger and moves are cleaner.
- Keep risk small per trade. The SL may be wider in volatile pairs—adjust position size accordingly.
- Backtest this strategy across multiple currency pairs and timeframe combinations to find what works best for you.
Download Now
Download the “fractals-adjustable-period-trend-lines.mq4” indicator for Metatrader 4
