The Fractal Price Breakout Forex MT4 indicator belongs to the group of fractal based indicators and enables traders to execute powerful breakout trades.
Based on fractals, the indicators draws the accompanying support and resistance levels on the chart.
The Fractal Price Breakout indicator prints buy and sell arrows on the chart whenever price breaks above or below the fractal based resistance and support levels.
This indicator works on price action without any lag involved.
It can be used as a standalone breakout trading indicator.
Just load the Fractal Price Breakout indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A break below the horizontal fractal support line generates a sell trade opportunity.
- A break above the horizontal fractal resistance line generates a buy trade opportunity.
- Easy to trade, even for absolute beginners.
- Pure price action, no lagging indicator.
- Can be used as a standalone breakout signals indicator.
Feel free to explore the Fractal Price Breakout indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart (AUD/JPY M5 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 Price Breakout MT4 Forex Indicator
Buy Signal: Execute a long position when the blue fractal breakout arrow pops up on the chart.
Set the stop loss slightly below the most recent swing low price, or use your own favorite stop loss strategy.
Close the buy trade for a fixed profit target or use a reward/risk ratio of 2.0 or better to exit the trade.
Alternately, use your own take profit method for buy trades.
Sell Signal: Execute a short position when the pink fractal breakout arrow pops up on the chart.
Set the stop loss slightly above the most recent swing high price, or use your own favorite stop loss strategy.
Close the sell trade for a fixed profit target or use a reward/risk ratio of 2.0 or better to exit the trade.
Alternately, use your own take profit method for sell trades.
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Fractal period, time frame, price high, price low, alerts ON, alerts email, sound file, arrows on first bar, 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: breakout
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.