Fractal Trend Forex Indicator For Metatrader 4
The Fractal Trend Forex indicator for Metatrader 4 draws 2 breakout trend lines based on the fractal indicator.
This indicator helps you to find great buy and sell trade entries when price breaks above or below the fractal trend lines.
There’s no lag involved when trading pairs with this indicator.
Just load the Fractal Trend Forex indicator onto the Metatrader 4 chart and start trading with it in minutes.
- The green upper fractal based trend line acts as resistance.
- We are looking to enter a buy when price breaks above it.
- The red lower fractal based trend line acts as support.
- We are looking to enter a sell trade when price breaks below it.
- Apply the indicator to any currency pair and time frame.
- Pure price action, no lagging indicator.
Feel free to explore the Fractal Trend Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart (EUR/USD H4 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 Trend Forex MT4 Indicator
Buy Signal: Execute a long trade position when price breaks and closes above the green colored fractal resistance trend line.
Set the stop loss slightly below the buy entry candle, or use your own favorite stop loss strategy.
Close the buy trade for a fixed profit target or exit for a reward/risk ratio of 1.5 or better.
Alternately, apply your own take profit method for buy trades.
Sell Signal: Execute a short trade position when price breaks and closes below the red colored fractal support trend line (see chart above).
Set the stop loss slightly above the sell entry candle, or use your own favorite stop loss strategy.
Close the sell trade for a fixed profit target or exit for a reward/risk ratio of 1.5 or better.
Alternately, apply your own take profit method for sell trades.
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Indicator width, indicator style, indicator TF, 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.