Forex trading strategy #13 (The Fractal Guru Strategy)
Submitted by User on June 4, 2009 - 04:24.
Hello Edward - Here is another strategy your viewers may like.
Warm Regards,
Navin Prithyani
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Time Frame : 15mins and above
Indicators : Average Directional Movement Index - ADX (Settings : 14) and Fractals
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user you seem to now the game so 20 pips a day will keep the bills away
what charting package do you use? i m trying to find the fractual using it-finance charts but cant seem to find it though.
MetaTrader4 platform has Fractals.
I'm not familiar with IT-Finanace charting package, I think you have to contact them and inquire about this indicator.
Best regards,
Edward
This strategy looks great, at least i try it on Metatrader4 and got that ideia.
Maybe add Parabolic SAR or an EMA to get away from low or negative profit entrys, for example when the market is bearish or below 50+ EMA just go short..
strategy is simple enough and has potential. i personally always add alligator to adx and fractals to filter out the unnecessary entry and exit points...
Ragged Rat
Good video but your entry in incorrect. According to Bill Williams the developer of the Fractal, it takes 2 completed bars per side to establish a Fractal. In your video, you entered at the close of the first bar not the second bar. The trade still worked but your entry was one bar too soon.
In some cases as I have pointed out in the attachment that the factual indicators are not shown even the tail is longer that the other side. can such candles still be taken as a signal.
thanks
what is fractal?
Vtops & Vbottoms with hornes and spikes?.
give me a break!!!!
You dont need a arrows to idedefine them, train your
eyes traders.
put a BB(Boliger) 20.2 and wait for piercing 10,20,50
sma and let the price kiss the frog
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