The Fractals Forex indicator for mt4 (Metatrader 4) can be used as an accurate scalper indicator that finds signals on any time frame.
The indicator pops up in the main MT4 chart window as colored red and blue dots with arrows.
Fractals can be traded in various ways.
Buy & Sell Trade Example
- Initiate a buy scalper trade whenever the blue dot gets printed on the activity chart.
- Initiate a sell scalper trade whenever the red dot gets printed on the activity chart.
The Fractals Forex 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 exotic) and shows promising results if used correctly.
Free Download
Download the “Fractals.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The picture below shows the Fractals Forex 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 Forex 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: Fractals
Does the indicator repaint? No.
