Forex Strategies Resources

46# Fractal Forex Strategy

Submit by Forexstrategiesresources

 

Indicators:

Bill Williams Fractal indicator (standard forex indicator);

50 exponential moving average (50 EMA)

Stocastic full ( 11, 3. 3)

 

Short Trade      

1) Price trades below the 50 EMA
2) Wait for a bearish 
fractal pattern to complete near the 50 EMA.

 3) Stochastic crosses line

 4) Trade confirmed? If yes, enter short at open of bar 4 and place stop loss 3 pips above the fractal bar.

 

Long Trades

 1) Price trades above the 50 EMA. 

 2) Wait for a bullish fractal pattern to complete near the 50 EMA. 

3)Stochastic crosses line

4) Trade confirmed? If yes, enter short at open of bar 4 and place stop loss 3 pips above the fractal bar .

Exit Oreder:

Target Profit recommended or exit on support or resistance.


 

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Fractal Forex Strategies