The GEO Fractal Forex indicator for Metatrader 4 (MT4) can be used for both trade entry and exit, or as an additional Fractal-based confirmation filter for other strategies and systems.
The indicator pops up in a separate MT4 chart window as an oscillator without extreme borders.
The GEO Fractal indicator works equally well on all currency pairs (majors, minors, and exotic) and shows promising results if used correctly.
Free Download
Download the “geo-fractal.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the GEO Fractal mt4 indicator in action.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the GEO Fractal 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: Oscillator
Does the indicator repaint? No.
Geo Fractal + Alligator MT4 Trend Trading Strategy
This strategy combines the Geo Fractal Forex Indicator MT4 and the Alligator Metatrader 4 Forex Indicator to capture trending market movements.
By using the Geo Fractal for trend direction and the Alligator for trend confirmation, traders can identify high-probability entries and ride strong trends.
This approach works well on 1-hour, 4-hour, and daily charts, making it suitable for both swing traders and trend-following intraday traders.
Buy Entry Rules
- Check the Geo Fractal MT4: the green line must be rising, indicating a bullish trend.
- Confirm the trend with the Alligator MT4: the Jaw (blue), Teeth (red), and Lips (green) must be aligned upwards and separated.
- Enter a buy trade at the close of the first candle after the Alligator alignment confirmation.
- Place a stop loss below the most recent swing low or the Alligator’s jaw line for dynamic support.
- Set take profit near the next resistance level or a 1:2 risk/reward ratio.
Sell Entry Rules
- Check the Geo Fractal MT4: the line must be declining, indicating a bearish trend.
- Confirm the trend with the Alligator MT4: the Jaw (blue), Teeth (red), and Lips (green) must be aligned downwards and separated.
- Enter a sell trade at the close of the first candle after the Alligator alignment confirmation.
- Place a stop loss above the most recent swing high or the Alligator’s jaw line for dynamic resistance.
- Set take profit near the next support level or a 1:2 risk/reward ratio.
Advantages
- Combines fractal trend direction with Alligator trend confirmation for reliable entries.
- Reduces false signals during sideways or choppy markets.
- Suitable for multiple timeframes and currency pairs.
- Helps maintain disciplined trend-following trading.
- Dynamic stop loss using Alligator lines adapts to market volatility.
Drawbacks
- Trend confirmation may lag during fast reversals.
- Sideways markets can produce late entries and smaller profits.
- Requires patience to wait for both indicators to align.
- Take profit may need manual adjustment in highly volatile sessions.
Case Study 1: EUR/USD 4-Hour Chart
On February 10, the Geo Fractal line started rising, signaling a bullish trend.
The Alligator confirmed the trend with the Jaw, Teeth, and Lips aligned upwards.
A buy trade was entered at 1.1050 with a stop loss at 1.1020 and a take profit at 1.1120.
The trade captured 70 pips over three days before the Alligator lines began converging, signaling trend exhaustion.
Case Study 2: GBP/USD Daily Chart
On March 5, the Geo Fractal line declined, showing bearish momentum.
The Alligator confirmed the downward trend with all lines aligned downwards.
A sell trade was entered at 1.3180 with a stop loss at 1.3230 and a take profit at 1.3080.
The trade successfully reached take profit in five days, netting 100 pips with clear trend management.
Strategy Tips
- Focus on major currency pairs such as EUR/USD, GBP/USD, and USD/JPY for more reliable trends.
- Use higher timeframes like 4-hour or daily to filter out market noise.
- Combine with basic support and resistance levels for added confirmation.
- Adjust stop losses dynamically using the Alligator jaw to protect profits during trending moves.
- Avoid entering trades when the Geo Fractal line is flat or the Alligator lines are converging.
