How to Set Fractals Trading Indicator on MetaTrader 4 Charts - Adding MT4 Fractals Chart Indicator
Step 1: Open the Navigator Panel on Trading Platform
Open Navigator panel as is shown & displayed below: Go to the 'View' menu (click on it), then select 'Navigator' panel window (click), or From Standard ToolBar click 'Navigator' button or press key board short cut keys 'Ctrl+N'
On Navigator window, choose & select 'Indicators', (Double Click)
How Do You Place Fractals Indicator in the MT4 Software - MetaTrader 4 Fractals Indicator
Step 2: Expand the Indicators Menu on the Navigator - Adding Fractals MT4 Chart Indicator
Expand this menu by pressing the magnify(+) button/tool feature + or doubleclick the 'indicators' menu, after that this specified button will appear and be shown as (-) & will now display a list just as shown below - select the Fractals chart indicator from this list of indicators so that to add the Fractals indicator on the chart.
How Do I Set Fractals Trading Indicator - From the Above window you as a trader can then place Fractals indicator that you want on the chart
How to Set Custom Fractals Indicator to MT4
If the indicator you want to add is a custom technical indicator - for example if the Fractals technical indicator you want to add is a custom technical indicator you'll need to first add this custom Fractals indicator on the MT4 software & then compile custom Fractals indicator so that as the newly added Fractals custom indicator pops up on the list of custom indicators in MetaTrader 4 software.
To learn how to install Fractals indicators in MT4 Platform, how to add Fractals indicator window to MT4 and how to add Fractals custom technical indicator in MetaTrader 4 - How to add a custom Fractals indicator on the MT4.
About Fractals Technical Indicator Tutorial Explained
Chaos Fractals Analysis & Chaos Fractals Signals
Developed by Bill William
A fractal is formed by 3 price bars
It's used to detect the bottom or the top.
Up Fractal- defined as a middle bar with 2 lower highs on every side (A- shaped)
Up Fractal
Down Fractal- defined as a middle bar with 2 higher lows on every side (V-shaped)
Up Fractal
Technical Analysis and How to Generate Trading Signals
Breakout Trading
The break-out method of using fractals to initiate trade positions is to take trade transactions based on the direction of a price breakout above/below most recent fractal.
Buy Trade Signal
If the price breaks above the most recent Up Fractal enter long.
Stoploss should be placed and set below the lowest low of the most recent Down Fractal or the second recent most Down Fractal.
Buy Trading Signal Break Out Trading
Sell Trade Signal
If the price breaks-out below the most recent Down Fractal enter short.
Stoploss orders should be set above the highest high of recent most Up Fractal or the second most recent Up Fractal.
Sell Signal Breakout Trading
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