The Fractal Guru Strategy
This is a good start, but the problem with the entry is that the fractal is recognized two bars after the fact, giving you a late entry. The price has already moved in your favor by the time the fractal signal is given. This is by definition of the fractal, which you might want to look up.
This entry works great while staring at a chart, but not in live trading.
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The Fractal Guru Strategy
Time Frame : 15mins and above
Indicators : Average Directional Movement Index - ADX (Settings : 14) and Fractals
Strategy by : Navin Prithyani Urban Forex | Forex Strategies | Forex Chatrooms | Forex Videos | Forex Reviews | Forex Revealed
Long (Buy) Positions Using The Fractal Guru Strategy
- On the ADX, the dotted green should be above dotted red and the solid blue line should be steadily rising
- Look for a Candlestick with a tail pointing to a Down Arrow Fractal
- When you see this Down Arrow Fractal, enter Long.
- Place stops 5 pips below the low of the Fractal Candle.
- Exit using proper money management or upon the cross of the dotted green and red lines in the ADX.
Long Position Example 1 :
Long Position Example 2 :
Short (Sell) Positions Using The Fractal Guru Strategy
- On the ADX, the dotted red line should be above dotted green line and the solid blue line should be steadily rising
- Look for a Candlestick with a tail pointing to a Up Arrow Fractal
- When you see this Up Arrow Fractal, enter Short.
- Place stops 5 pips above the high of the Fractal Candle.
- Exit using proper money management or upon the cross of the dotted green and red lines in the ADX.
Short Position Example :
Please share your ideas about this strategy. It will be nice to make new forex friends also.
- Navin