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.
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
EMA>EMA 50 or price above EMA 11 and EMA 50.
Buy whe the price close above the resistance of the fractal breakout indicator.
Breakup the trend line,
CCI Nuf histogram green color,
Filter histogram above the Moving Average
EMA<EMA 50 or price above EMA 11 and EMA 50.
Sell whe the price close below the resistance of the fractal breakout indicator.
Breakdown the trend line,
CCI Nuf histogram red color,
Filter histogram below the moving average.
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.