The Fractal Trend Lines Forex indicator for MT4 signals powerful trade entries and is built on fractal price action and trend lines.
The trend lines will present you with trend direction and the fractal gives the actual entry price.
This indicator works on all currency pairs (majors, cross pairs and exotic pairs) and time frames.
It can be used as a standalone trading indicator or used together with other trading tools.
Just load the Fractal Trend Lines indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- Powerful trading indicator.
- Low risk trade entries.
- Small stop loss.
- Combines trend lines and fractals.
- Works for any trade style.
Feel free to explore the Fractal Trend Lines Forex indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “fractals-adjustable-period-trend-lines.ex4” Metatrader 4 indicator
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 Lines MT4 Forex Indicator
Buy Signal: Execute a long position whenever the violet colored fractal dot appears on the chart and the trend line is sloping up.
Set the stop loss slightly below the entry candle or below the most recent consolidation area, or use your own favorite stop loss strategy.
Close the buy trade for a fixed profit target or exit near the upper resistance trend line.
Alternately, use your own take profit method for buy trades.
Sell Signal: Execute a short position whenever the blue colored fractal dot appears on the chart and the trend line is sloping down.
Set the stop loss slightly above the entry candle or above the most recent consolidation area, or use your own favorite stop loss strategy.
Close the sell trade for a fixed profit target or exit near the lower support trend line.
Alternately, use your own take profit method for sell trades.
Download This Forex Indicator Now
Download the “fractals-adjustable-period-trend-lines.ex4” MT4 indicator
Adjustable Parameters
Fractal period, time frame, trend line, 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 + trend line
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
