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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The Fractal is a 5 bar pattern, so you cant really enter on the open of the second bar of the pin bar, you will have to enter on the close of the 2nd bar..
if you enter at the second the price may go down past the wick of the pin and then there will be no fractal.. This still maybe ok as a strategy but you cant back test this... unless you use the close of 5th bar..
I could not be able to see +DI and -DI in my ADX indicator. Can you help me. I am using FXCM Trading station II
You need support from your broker - FXCM..?
Hello, Please I will like to ask, which of the candle stick can one use in identifying the fractals to use, is it the Long candle or short candle. I watched the vedio and noticed that its the short candle that was used for the two illustration.. Alphabase
Total BS! This guy just handpicked these trades. Also, he didn't even follow his entry criteria on both long and short trades -> ADX (solid blue line) should be rising. He entered while the ADX is going down for both trades. If ADX is going down, this means that the strength of the trend is getting weaker.
hi Edward
I'm a newbie in forex and have been following your posts these days and i am really grateful for that, but i have some questions.
lets imagine that i can correctly predict a trend (uptrend or downtrend ), for example , i somehow predict that within 2 month it will be a uptrend and i open a 0.1 lot position and buy Eur/Usd at 1.0001 and after 2 month it will be 1.0900 ! in this 2 month , there will be many fluctuations, so the question is , are there any possibilities that my account get call margin because of these fluctuations, although my prediction will come true ?
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