Forex Fractal Breakout Support and Resistance

Trading Strategies 0 2,175



Summary : 

Forex Fractal Breakout Support and Resistance Strategy is a price action system that uses breakout of the high and low.

 

Metatrader Indicators : 

- Exponential moving average 11 period close,

- Exponential moving average 50 period close,

- CCI NUF 4,

- De Mark Trend line trader,

- Mouteki-De Mark Trend new,

- Fractal support and Resistance,

- Filter indicator with Smoothed moving average 4 period.

 

Trading Conditions

 - Chart Timeframe : 5 Minute or Higher Timeframe.

- Currency Pairs : Any pairs.

 

Long Position Entry : 

1.     EMA 11 > EMA 50 or price above EMA 11 and EMA 50.

2.     Wait when the price close above the resistance of the fractal breakout indicator, then buy.

 

Long Position Entry Condition

- Breakup the trend line,

- CCI Nuf histogram green color,

- Filter histogram above the Moving Average

 

Short Position Entry : 

1.     EMA 11 < EMA 50 or price above EMA 11 and EMA 50.

2.     Sell whe the price close below the resistance of the fractal breakout indicator.

 

Short Position Entry Condition

- Breakdown the trend line,

- CCI Nuf histogram red color,

- Filter histogram below the moving average.

 

Exit Rules : 

- Profit Option : Trend Line.

- Stop Loss Option : Above or Below Support and Resustrance

 

How to install Files?

- Download *.zip file.

- Copy Indicators folder to your Metatrader Directory / indicators /

- Copy Template folder to your Metatrader Directory / templates /

- Copy Libraries folder to your Metatrader Directory / Libraries /

- Start or restart your Metatrader

- Select Chart and Timeframe where you want to test your forex strategy

- Right click on your trading chart and hover on “Template”

- Move right to select Template

- You will see Trading System strategy is available on your Chart

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