About the Fractals Forex Scalper Indicator
The Fractals Forex Scalper Indicator for MT4 is a practical trading tool designed to identify short-term price turning points.
It uses fractal logic to detect moments where the market is likely to pause or reverse.
This makes it especially useful for scalpers who need timely entries on lower timeframes.
The indicator plots colored dots with arrows directly on the main MT4 chart window.
Blue dots signal potential bullish setups, while red dots highlight possible bearish moves.
Because fractals form on all timeframes, the indicator adapts easily to scalping, intraday, and even swing trading styles.
Its main strength lies in precision.
By focusing on recent price extremes, traders can enter trades closer to the start of a move rather than chasing price.
Free Download
Download the “Fractals.mq4” indicator for MT4
Key Features
- Fractal-based scalping signals for MT4
- Blue and red dots plotted on the main chart
- Works on all currency pairs
- Ideal for scalpers and short-term traders
- Simple logic with fast signal recognition
Indicator Chart
The chart shows the Fractals Forex Scalper Indicator applied to an MT4 price chart.
Blue dots mark potential buy setups, while red dots indicate sell opportunities.
Each signal highlights a local price turning point, helping traders time entries with more confidence.
Guide to Trade with the Fractals Forex Scalper Indicator
Buy Rules
- Wait for a blue dot with an arrow to appear on the chart
- Confirm price is not directly below strong resistance
- Enter a buy trade at the opening of the next candle
Sell Rules
- Wait for a red dot with an arrow to appear on the chart
- Confirm price is not directly above strong support
- Enter a sell trade at the opening of the next candle
Stop Loss
- Place the stop below the most recent fractal low for buy trades
- Place the stop above the most recent fractal high for sell trades
- Keep stops tight on lower timeframes
Take Profit
- Target the next visible support or resistance level
- Use a fixed risk-to-reward ratio such as 1:1.5 or 1:2
- Close part of the trade after quick scalping gains
- Exit fully if an opposite fractal signal appears
Practical Tips
- Trade during the London and New York sessions
- Use higher timeframes to filter the main trend
- Combine with a trend filter for better accuracy
- Focus on clean price action around the signals
Fractal Scalper Indicator + SuperTrend MTF MT4 Forex Strategy
This MT4 scalping strategy pairs the precise short-term signals of the Fractals Forex Scalper Indicator (MT4) with the trend filter from the SuperTrend MTF Forex Signal Indicator (MT4).
The fractals give clean entry triggers. The SuperTrend limits trades to the dominant direction.
Together, they reduce random entries and keep you trading with momentum.
This system works well on short timeframes like M1, M5, and M15.
Use the SuperTrend on a higher chart to bias trades on your main chart.
It suits active scalpers and intraday traders who prefer tight stops and defined targets.
Who this is for
For disciplined traders who use MT4 and want clear rules, they can backtest.
Best for traders who can act fast and use brokers with low spreads and quick execution.
Recommended timeframes and pairs
Main chart: M1, M5, or M15. Trend filter: one step higher (if trading M5, filter with M15).
Choose majors with low spreads, such as EUR/USD, GBP/USD, AUD/USD, and USD/CHF.
Buy Entry Rules
- The SuperTrend MTF must indicate a bullish green line bias on the higher timeframe.
- A blue fractal dot appears on your main chart. The blue dot is the entry trigger.
- Enter long at the close of the candle that printed the blue fractal dot or on a small retracement toward the fractal level.
- Stop Loss: Place the SL below the most recent fractal low.
- If you prefer a fixed buffer, use the larger of the fractal distance or 8–15 pips on majors.
- Take Profit: set TP at 1.2x to 2.0x the risk.
- For example, if SL = 10 pips, TP = 12–20 pips. A 2:1 R:R is preferred for higher probability setups.
- If the SuperTrend flips to bearish while the trade is open, close the position to protect capital.
Sell Entry Rules
- The SuperTrend MTF must indicate a bearish red line bias on the higher timeframe.
- A red fractal dot appears on your main chart. The red dot is the sell trigger.
- Enter short at the close of the candle that printed the red fractal dot or on a minor pullback toward the fractal high.
- Stop Loss: place SL above the most recent fractal high, or use a fixed buffer if that is larger (8–15 pips typical on majors).
- Take Profit: set TP at 1.2x to 2.0x the risk. Adjust the multiple risk to match pair volatility.
- Exit immediately if SuperTrend flips to bullish while the trade is active.
Advantages
- Combines precise local entries with a higher-timeframe trend filter.
- Simple rules that are easy to test and follow.
- Effective in trending short-term markets when spreads are low.
- Flexible across several short timeframes and major currency pairs.
Drawbacks
- Fractal signals can produce false entries in choppy markets.
- Scalping needs low spreads and fast execution. Slippage harms results.
- Frequent small losses require good money management and discipline.
- Using an inappropriate higher timeframe for the SuperTrend reduces reliability.
Example Case Study 1 — EUR/USD, M5 (Bullish)
Setup
The SuperTrend MTF on M15 shows a clear bullish trend.
On the M5 chart, a blue fractal forms right after a small pullback.
Execution
Enter long at the close of the blue fractal candle.
SL placed 11 pips below the recent fractal low.
TP set to 22 pips (2:1).
The pair moved with the trend and hit TP within the hour.
Result: +22 pips.
Example Case Study 2 — AUD/USD, M5 (Bearish)
Setup
The SuperTrend MTF on M15 is bearish.
On M5, a red fractal dot appears after a small rally toward the SuperTrend line.
Execution
Enter short at the close of the red fractal candle. SL placed 9 pips above the recent fractal high.
TP set to 13 pips (≈1.4:1). Momentum continued down and TP was reached.
Result: +13 pips.
Strategy Tips
- Use SuperTrend MTF only as a trend bias. Take buys only in bullish bias and sells only in bearish bias.
- Prefer high liquidity hours, such as the London and New York overlap for majors.
- Keep position size small relative to your account so SLs remain manageable.
- Avoid trading around major economic news. Volatility can hit tight stops quickly.
- Backtest and demo trade this combination. Adjust SL and TP for each pair’s volatility before going live.
Download Now
Download the “Fractals.mq4” indicator for Metatrader 4
FAQ
Why do fractal signals work well for scalping?
Fractals highlight short-term price extremes.
This helps scalpers enter near potential turning points instead of late moves.
Can fractal signals appear frequently?
Yes, especially on lower timeframes.
This makes the indicator suitable for active traders who prefer multiple setups per session.
Should every fractal signal be traded?
No. Signals near key support or resistance tend to perform better than those in the middle of price ranges.
Is this indicator trend-dependent?
Fractals work in all market conditions, but filtering trades in the direction of the main trend improves consistency.
Summary
The Fractals Forex Scalper Indicator for MT4 offers a simple way to identify short-term price reactions.
Its dot-based signals help traders spot potential entries without cluttering the chart.
The indicator is flexible, fast, and suitable for any timeframe.
It fits well into scalping and intraday strategies, especially when combined with a trend or momentum indicator to refine entries.
