The Fractals Alert MT4 indicator will send out an on-screen alert and email alert when a buy/sell fractal signal is found on the Metatrader 4 chart.
The alerts can be turned On and Off from the indicator’s inputs menu.
Fractals signals
The indicator tells you whether the fractal found on the chart is bullish or bearish (lower left corner).
It then suggests that you open a buy order or sell order.
- A buy scalp occurs when the Fractals Alert MT4 indicator suggests you open a buy order.
- A sell scalp occurs when the Fractals Alert MT4 indicator suggests you open a sell order.
The Fractals Alert MT4 indicator is good for scalping purposes.
It’s highly recommended to confirm the trade with additional technical indicators or with price action.
Furthermore, the indicator displays some account info (can be turned off).
- Broker name
- Account number
- Trade Mode
- Leverage
- Balance
- Equity
Free Download
Download the “FractalsAlert.mq4” MT4 indicator
Indicator Chart (GBP/JPY H1)
The GBP/JPY 1-Hour chart below displays the Fractals Alert Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the Fractals Alert MT4 indicator are easy to interpret and go as follows:
Buy Signal: Initiate buy order when the Fractals Alert MT4 indicator suggests you do so. Confirm the possible buy trade with other technical tools. Place a stop-loss below support.
Sell Signal: Initiate a sell order when the Fractals Alert MT4 indicator suggests you do so. Confirm the possible sell trade with other technical tools. Place a stop-loss above resistance.
Trade Exit: Use your own method of trade exit.
MT4 Fractals Alert + Winning Super Trend Scalping Strategy
This scalping strategy combines the Fractals Alert MT4 Forex Indicator with the Winning Super Trend MT4 Indicator.
The Fractals Alert indicates scalp entries directly: it signals a buy scalp when a buy order is suggested and a sell scalp when a sell order is suggested.
The Winning Super Trend indicator confirms the overall market trend with a green line for bullish trends and a red line for bearish trends.
By entering trades only when the scalp alert aligns with the trend, this strategy filters out low-probability trades.
It is designed for very short timeframes like M1 and M5 and is ideal for scalpers seeking quick intraday moves.
Buy Entry Rules
- Winning Super Trend line must be green, indicating a bullish trend.
- Fractals Alert must indicate a buy scalp.
- Enter long at the open of the next candle after the buy scalp alert appears while the trend line remains green.
- Place a stop loss below the most recent swing low or support level.
- Set take profit at 1.5 to 2 times the stop-loss distance, or exit if the trend line turns red or a sell scalp alert occurs.
Sell Entry Rules
- Winning Super Trend line must be red, indicating a bearish trend.
- Fractals Alert must indicate a sell scalp.
- Enter short at the open of the next candle after the sell scalp alert appears while the trend line remains red.
- Place a stop loss above the most recent swing high or resistance level.
- Set take profit at 1.5 to 2 times the stop-loss distance, or exit if the trend line turns green or a buy scalp alert occurs.
Advantages
- Combines precise scalp alerts with trend confirmation for higher probability trades.
- Works on very short timeframes like M1 and M5 for multiple intraday opportunities.
- Clear buy and sell signals reduce subjectivity in trade entries.
- Defined stop loss and take profit levels improve risk management.
- Suitable for multiple liquid currency pairs for flexible trading.
- Helps traders avoid countertrend scalps by confirming the trend direction.
Drawbacks
- Frequent signals on short timeframes may cause false entries during choppy or sideways markets.
- Requires constant attention due to fast-paced price movements on M1 and M5 charts.
- Small pip targets require multiple trades to achieve meaningful profits.
- Scalping can be affected by spreads and slippage, particularly on less liquid pairs.
Case Study 1
On EURUSD M1 during the London session, the Winning Super Trend line was green, indicating a bullish trend.
The Fractals Alert suggested a buy scalp.
The trader entered long at the next candle with a stop loss of 5 pips below the recent swing low and a take profit of 10 pips above.
Price moved up steadily and reached the take profit within 12 minutes.
Both indicators remained aligned throughout, resulting in a successful scalp trade.
Case Study 2
On USDJPY M5 during the New York session, the Winning Super Trend line was red, indicating a bearish trend.
The Fractals Alert suggested a sell scalp.
The trader entered short at the next candle with a stop loss of 8 pips above the recent swing high and a take profit of 16 pips below.
Price dropped consistently over the next 20 minutes and hit the take profit target.
The trend line remained red, confirming the bearish trend and validating the trade.
Strategy Tips
- Use this strategy only on high-liquidity pairs to reduce spreads and slippage.
- Focus on trading during times of strong market activity for more reliable scalp entries.
- Wait for clear alignment of both indicators before entering a trade to improve accuracy.
- Consider setting alerts for the Fractals indicator to catch opportunities without staring at the screen constantly.
- Combine with short-term support and resistance levels to filter entries and exits more effectively.
- Limit the number of trades per session to avoid overtrading and reduce stress.
- Keep a trading journal to track which pairs and sessions produce the most profitable setups.
- Adjust stop loss and take profit dynamically based on recent market volatility to protect gains and reduce losses.
Download Now
Download the “FractalsAlert.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (send pop-up alert, send alert to phone), Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: fractals
