Fractals Forex Indicator For MT4

The Fractals Forex indicator for MT4, as the name suggests was designed some years ago for the Metatrader 4 platform.

Yet, it’s still a very popular trading indicator that draws fractals on the charts.

The vast majority of traders combine fractals with other technical analysis tools to built a complete Forex trading strategy.

The indicator is used to determine support and resistance levels on the chart.

It gives you a great overview of how the market is behaving in the short- and long term.

Tip: The indicator could work well for scalping purposes, we aim for 5-10 pips per trade (see buy and sell rules more down below).

Just load the Fractal indicator onto the Metatrader 4 chart and start trading with it in minutes.

Key Takeaways

  • A blue fractal dot painted below the candlestick indicates support.
  • A red fractal dot painted above the candlestick indicates resistance.
  • Combine with other technical tools.
  • Indicates support and resistance.

Feel free to explore the Fractal indicator’s different parameters and settings to create your own personalized indicator setup.

Download This MT4 Forex Indicator Free

Download the “Fractals.ex4” Metatrader 4 indicator

Indicator Chart (EUR/USD M30 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 MT4 Forex Indicator

Buy Signal: Open a buy trade as soon as the blue fractal dot appears on the chart and the pair is in a strong uptrend.

Set the stop loss slightly below the entry candlestick, or use your own favorite stop loss strategy.

Close the buy trade for 5-10 pips profit.

Alternately, use your own take profit method for buy trades.

Sell Signal: Open a sell trade as soon as the red fractal dot appears on the chart and the pair is in a strong downtrend.

Set the stop loss slightly above the entry candlestick, or use your own favorite stop loss strategy.

Close the sell trade for 5-10 pips profit.

Alternately, use your own take profit method for sell trades.

Download This Forex Indicator Now

Download the “Fractals.ex4” MT4 indicator

Adjustable Parameters

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

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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