fractals. The emergence of two multidirectional fractals close to each other (sometimes in one candle) is called a fractal start: further the market is assumed to make the decision for the benefit of one of the directions. Most charting platforms now include fractals in the indicator list. We trade all major currency and future assets: for the analysis and an entrance - M15, for maintenance from H1 above (for futures - from D1 above). Place a buys stop pending order 1-2 pips (spread) above the high of the fractal. The longterm chart can be a great filter for short-term fractals; Fractals can be great to use for trail stops. In this case of fractals trading there shall be an entry in a direction opposite to the created fractal, stop is 1-5 points higher/lower than the border of key bar.
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Fractals and how to trade the fractal indicator. The macd used in this system is for trend identification. We hold the transaction until the return fractal has been formed. The basics, the fractal indicator as first created by the great trader Bill Williams. Use of fractals in strategy, many traders use Bill Williams indicator in cooperation with other Bill Williams indicators. Please read more in this article about Trend Line Drawing With Fractals.
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