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Fractal Breakout Strategy by ChartArt. This long only strategy determines the price of the last fractal top and enters a trade when the price breaks above the last fractal top.

The strategy also calculates the average price of the last fractal tops to get the trend direction. The strategy exits the long trade, when the average of the fractal tops is falling when the trend is lower highs as measured by fractals.

And the user can manually set a time delay of this exit condition. The default setting is a long strategy exit always 3 bars after the long entry condition appeared.

Fractal Breakout Forex Trading Strategy With MACD Indicator

In addition as gimmicks the fractals tops can be highlighted the default is blue and a line can be drawn based on the fractal tops. This fractal top line is colored by the fractal top average trend in combination with the fractal breakout condition.

Fractal Breakout Forex Indicator - Highly Accurate And Easy To Use - Forex Robot Trader

This strategy works better on higher time-frames weekly and monthly , but it also works on the daily and some other time-frames. This strategy does not repaint, no repainting.

I thank Tradingview user barracuda who helped me with the time based exit condition code. And user RicardoSantos for coding the definition of the fractal top, which he uses in his "Fractals" scripts.

All trading involves high risk; past performance is not necessarily indicative of future results.

Fractal Breakout - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast

Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity.

Fractal Breakout Forex Indicator - Highly Accurate And Easy To Use - Forex Robot Trader

Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Remove from Favorite Scripts Add to Favorite Scripts. Quick question, does the fractal candle show blue right after it closes, or do a couple of bars have to pass before the fractal candle turns blue?

Hope my question makes sense. The question you asked is a good question. Every technical indicator has a certain lag length of delay.

Most indicators have a lag of around bars moving averages have much more lag , meaning on a monthly chart that you are able to measure the trend direction months later after the trend has already changed and if the same indicator with the same setting is used on a 1 hour chart that would mean you see the trend hours later after it has happened.

This fractal indicator has a minimum lag of 3 bars, meaning the earliest this strategy can go long is on the bar number 4 after a certain combination of recent highs and lows has appeared as signaled by the blue colored fractal top. In addition there is the calculation of the fractal average which might add more lag, which is why I made the option in the strategy to use more or less fractals to determine the average of them.

Therefore it takes 3 bars until a candle can turn blue. And it could take in some cases longer until the strategy goes long due to the extra calculation of fractal averages. Blog House Rules Moderators People Chat Chat History Press Referral Program Advertise.

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