61# Fractal Breakout

Fractal Breakout price actio strategy

Submit by Leonard 14/10/2015


Fractal Breakout is a classic price action strategy on the breakout of the high/low.

Here there is also a trend line for support. There are two free trend line indicators mql4 for metatrader 4 ( De Mark Trend line trader and Mouteki-De Mark Trend new).

The difference with other similar strategies is the introduction of a filter based on robust momentum indicators with the trend line. Specifically, the histogram of the ICC Nuf is very easy to interpret supported by the histogram filter indicator.

Time Frame 5 min or higher.

Financial Markets any.

Metatrader Indicators

Exponential moving average 11 period close,

Exponential moving average 50 period close,

CCI NUF 4,

De Mark Trend line trader,

Mouteki-De Mark Trend new,

Fractal support and Resistance,

Filter indicator with Smoothed moving average 4 period.


Rules for Fractal Breakout


Buy

EMA>EMA 50 or price above EMA 11 and EMA 50.

Buy whe the price close above the resistance of the fractal breakout indicator.

Conditions:

Breakup the trend line,

CCI Nuf histogram green color,

Filter histogram above the Moving Average


Sell

EMA<EMA 50 or price above EMA 11 and EMA 50.

Sell whe the price close below the resistance of the fractal breakout indicator.

Conditions:

Breakdown the trend line,

CCI Nuf histogram red color,

Filter histogram below the moving average.


Exit position

Place initial stop losso above/below support and resistance.

You can use the profit target of the trend line (see left corner in the window).

In the pictures Fractal Breakout in action.

Fractal Breakout
Fractal Breakout
Fractal Breakout
Fractal Breakout
Filter Indicator
Filter v2.01.rar
compressed file archive 12.1 KB
Fractal Breakout is a classic price action strategy on the breakout of the high/low. The difference with other similar strategies is the introduction of a filter based on robust momentum indicators with the trend line.
Fractal Breakout.rar
compressed file archive 18.2 KB

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Comments: 1
  • #1

    john (Wednesday, 14 October 2015 20:22)

    where filter indicator?