Forex Easy Fractal Breakout Strategy with Bollinger Bands and MACD is intraday forex trading system based on fractals, MACD, Bollinger Bands, and Ang Zad indicator.
Fractal is a trading indicator which forms tops and bottoms of the market movement. These tops and bottoms act as support and resistance.
This strategy is made with the breakout of this fractal in the trend direction. MACD is used in this strategy for identifying the trend and so success rate of this strategy is very fine.
Bollinger Bands® consist of a center line and two price channels (bands) above and below it. The center line is an exponential moving average; the price channels are the standard deviations of the stock being studied. The bands will expand and contract as the price action of an issue becomes volatile (expansion) or becomes bound into a tight trading pattern (contraction).
The method is really simple and all you do is buy when price breaks out of the upper channel line and sell when it breaks the lower channel line.
- Best TimeFrame : M15
- Best Currency pair: EUR/USD GBP/USD USD/CAD
- Support RTF indicator
- advance trendline
- trade4xpro direction
- Bollinger Bands
Rules of Forex Easy Fractal Breakout Strategy with Bollinger Bands and MACD:
- Trendline trade direction buy
- td direction buy
- Trade4xpro green
- Price cross upper band bollinger bands
- Wait the breakout of advance trendline indicator for entry buy.
- Trendline trade direction sell
- td direction sell
- Trade4xpro red
- Price cross lower band bollinger bands
- Wait the breakout of the advance trendline indicator for entry sell.
Re-entry with the same conditions.
Fractals can be used in a variety of ways. Most commonly, traders will look for a bar to close above a prior up fractal to show an upside breakout or a close below a prior down fractal to signal a downside breakout that is potentially worth trading.
Another positive aspect is that when you have a comfortable view of a strong trend in play, you can use fractals as a trailing stop from a prior counter-trend move which made a fractal.