The Fractal Bands Buy/Sell Forex MT4 indicator gives traders accurate buy and sell entries based on 3 fractal bands.
It looks similar to the traditional Bollinger Bands but this indicator uses Fractals.
Price action above the middle fractal band is considered bullish while below bearish.
Just load the Fractal Bands Buy/Sell Forex indicator onto the Metatrader 4 chart and start trading with it in minutes.
- Price action above the middle red fractal band is considered bullish.
- Price action below the middle red fractal band is considered bearish.
- Easy to buy and sell with the Fractal Bands indicator.
- Good indicator for scalping and day trading pairs.
Feel free to explore the Fractal Bands Buy/Sell indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart (EUR/USD H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Fractal Bands Buy/Sell MT4 Forex Indicator
Buy Signal: Open a buy position as soon as the candlestick closes above the middle fractal band.
Set the stop loss below short-term support, or use your own favorite stop loss strategy.
Close the buy trade when the candlestick touches the upper red fractal band, or wait until you get an opposite sell signal.
Sell Signal: Open a sell position as soon as the candlestick closes below the middle fractal band.
Set the stop loss above short-term resistance, or use your own favorite stop loss strategy.
Close the sell trade when the candlestick touches the lower red fractal band, or wait until you get an opposite buy signal.
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E period, normal speed, alpha, shift, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: fractal
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.