Chaos Fractals Expert Advisor Setup - Setting Up Chaos Fractals Expert Advisor

Chaos Fractals Expert Advisor Setup - Setting Up Chaos Fractals Expert Advisor - A trader can come up with an Chaos Fractals Expert Advisor based on the Chaos Fractals indicator explained below.

Chaos Fractals Expert Advisor rules can be combined with other indicators to come up with other EA Robots that trade using rules based on two or more indicators combined to form a system.

Chaos Fractals Analysis & Chaos Fractals Signals

Developed by Bill William

A fractal is formed by three price bars

It is used to detect the bottom or the top.

Up Fractal- defined as a middle bar with 2 lower highs on each side (A- shaped)

Up Fractal - Chaos Fractals Expert Advisor Setup

Down Fractal- defined as a middle bar with 2 higher lows on each side (V-shaped)

Up Fractal - Forex Chaos Fractals EA Setup

Technical Analysis & How to Generate Signals

Break Out Trading

The break out method of using fractals to initiate trades is to take trades based on the direction of a price breakout above or below most recent fractal.

Buy Signal

If the price breaks above the most recent Up Fractal enter long.

Stop losses should be placed below the lowest low of the most recent Down Fractal or the second most recent Down Fractal.

Buy Signal Breakout Trading - FX Chaos Fractals Expert Advisor Setup

Sell Signal

If the price breaks out below the most recent Down Fractal enter short.

Stop loss orders should be set above the highest high of most recent Up Fractal or the second most recent Up Fractal.

Sell Signal Break Out Trading - Forex Chaos Fractals EA Setup