Forex Fractal MT4 trading strategy is simple system that uses just one indicator but has approximately 80% profitability when tested as an EA.
How to trade with Fractal 4H strategy
For Forex Fractal MT4 trading strategy you will need just one classical indicator, it‘s a Fractal indicator. You can easily Find this indicator in MetaTrader 4 platform, but we have included it in the download section just in case.
The most recommended pair to use this strategy on is EURUSD and USDJPY on H4 timeframe. But it can also be used on other main Forex pairs and timeframes.
Conditions to buy
When Fractal will appear above a candle, place a buy stop pending order on candle high where the fractal formed.
Conditions to sell
Conversely, when Fractal will appear below a candle, place a sell stop pending order on candle low where the fractal formed.
Stop loss, take profit, trailing stop, order expiration time, other.
Stop loss level should be set immediately after placing an order. Recommended stop loss is 14pips. Take profit level should be set immediately as well. Recommended take profit is 14 or 21 pips.
Recommended trailing stop is 5 pips. You can set trailing stops easily for each order in MetaTader 4 like in the example. Lastly, recommended expiration time is 8 days for each order.It‘s advisable no to place additional orders nearby for them to crossover.
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