FRACTAL STRATEGY FOR FOREX TRADING.
Fractals are best indicator on candlestick charts. that identify reversal points in the all types of trade graphs. Traders often use fractals to get an idea about the direction in which the price will develop. A fractal will form when a particular price pattern happens on a chart. Fractals are indicators on candlestick charts that identify reversal points in the market.
This pattern itself comprises five candles and the pattern indicates where the price has struggled to go higher, in which case an up fractal appears or lower, in which case a down fractal appears.
HOW TO CONFIGURATION :
Go to settings in platform and set fractals as per following points.
# Fractals= Period set at (8)
# Candle graph: 1 minute Time frame
# Expiry is 2-5 minutes
CALL: When a red arrow appears under a red candle.
PUT: When a green arrow appears above a green candle.
Note: This strategy works on trending graphs and neutral graphs.