The Fractals Trading Signals indicator for Metatrader 4 displays interesting trend lines that can generate winning breakout signals for both buy and sell trades.
The indicator pops up in the main MT4 chart window as a set of Fractal based trend lines.
Buy & Sell Trade Example
- A buy trade should be opened as soon as price closes above the upper blue colored trend line (bullish).
- A sell trade should be opened as soon as price closes below the lower pink colored trend line (bearish).
The Fractals Trading Signals 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 “fractals5-trading-signals.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The example chart below displays the Fractals Trading Signals mt4 indicator in action on the activity chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Fractals Trading Signals 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: Signals
Does the indicator repaint? No.
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Download the “fractals5-trading-signals.mq4” indicator for Metatrader 4
