The Fractal Guru Strategy

[urbanforex]

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

[MechXTrader]

Nice strategy - thx for sharing.
BTW- Note that Fractals repaint themselves, so your signals are a bit lagging.