Therefore, fractals in Forex strategy should be used only in conjunction with trend indicators.
Although no trading system can solely rely on RSI indicator, using it in combination with other tools and proper technical analysis can bring a new edge to your Forex trading.
The number of bars is not regulated, and it is not necessarily, for example, that the max of the following candles declined steadily for the up fractal, or min of the central bar was above the rest.
This only statements or share your strategy Mate?This makes it possible to take the maximum forex profit from any trend movement.Moving line give the trade trand in short time and it is a useful indicator.Exit rules: not set.22 AM #2, in your second attempt you are doing an excellent job. If the Alligator lines are intertwined,.e.
Option of the Williams fractal strategy without the Alligator is more risky.
So, the forex strategy gives a signal to chart open a position to buy if: price crosses the Alligator lines and forex the breakthrough candle closes above; fractal up is formed.Entry rules: Sell when RSI has crossed above 70, formed a peak, and then crossed back down through.Important: to make a decision about the deal, the direction of strategy the Alligator and the location of the fractal are equally important.Arrows of the indicator define the found fractals and do not repaint.Close the deal at the reverse of the price (breakthrough of the Alligator red line downwards and closure of the candle below it strategy or by take-profit.Similarly, the breakthrough of the price by at least 1 point outside the fractal limits downward is considered forex the breakthrough of the buyers: Important: historically, the theory of fractals was created for the stock market, which has a different chart structure, driving factors and tactics.Williams fractal strategy is based on working out of the two signals from this scheme of fractals and balance lines.Is it valid for 5 min chart and 15 minute strategy chart?A built-in indicator Fractals with default settings is used to find fractals.Before/after/during the news release no entry.Conditions for opening a position to sell: price crosses the Alligator lines and the breakthrough candle closes below; forex fractal down is generated.Stops and take-profits in this case are generally not used; at the end of the day the deals are closed manually, but if a new fractal is not formed (the trend continues it is possible to hold the deal or enter again. That is, fractals can also be considered as non-standard combinations, such as: If two (or more) bars in the construction have the highest max, only the last one is taken into account for trading.
You only need to familiarize yourself with the classification of fractals and not to violate the basic principles of money management and techniques in trading.