I did some very quick probably not enough back testing and if I remember correctly the 4hr worked pretty good but I'm kind of drawn to shorter time frames so I thought I'd try out some scalping on the 5 min. and so far it's working pretty good. The ...

Easy Fractal Breakout Strategy

So is the basic idea that when the bands narrow price is consolidating and forming a smaller range and would probably breakout faster or further? That's what I think you're getting at, if I'm way off then just let me know. Thanks for the suggestion. ...

Easy Fractal Breakout Strategy

That's something I haven't thought about before, looking at the previous range. Not a bad idea, something to think about. Thanks for the reply. trublu

Easy Fractal Breakout Strategy

As billbss said there are a lot more than 1 trade there. I've attached another chart that shows entry points. Not saying all these are winners or anything just where you would enter. I'll also show where I would normally put the SL. So you would ...

Easy Fractal Breakout Strategy

That's all my informational posts for now. If anyone has any questions or suggestions or anything please feel free to ask and if I do any trading tonight I"ll post some recent examples. I might not trade though because I have a cold. trublu

Easy Fractal Breakout Strategy

My goal here is to get some people who enjoy this type of trading and we can tweak some things to make it a profitable system. Some thoughts I've had are: Only trade in direction of major trend. As per DIBS rule, buy when above daily open line and ...

Easy Fractal Breakout Strategy

So here are the Entry and stop loss rules that I use for now. Entry: Very simple, buy when breaks through top channel line and sell when breaks though bottom channel line. Stop Loss: Currently I'm putting the SL at the opposite channel line. For ...

Easy Fractal Breakout Strategy

Thanks for the reply, I just found them on the web on different forums so I didn't buy any so I guess I'll have to look at the sites where I got them and see if it says anything about it there. trublu

Legal to change an EA that is not yours?

The first example is the best example of a fractal. The second one would still be a fractal since the 5th bar (3) is still lower than the 3rd bar (5). As long as the 3rd bar has 2 bars on each side that are either higher or lower depending on the ...

Looking for a Fractal Channel Type Indicator/EA

The X rust indicator hasn't drawn a line at your point 1 because that is not a fractal. The next bearish candle after point 1 (the 2nd bar after point 1) breaks the low and therefore your point 1 is no longer considered a fractal. If you were ...

Looking for a Fractal Channel Type Indicator/EA

I've attached the Fractal Level Xrust indicator that draws the horizontal lines on it. It only shows the lines for the time frame you are on but if you change time frames the new lines show up for that time frame. I've also attached an indicator ...

Looking for a Fractal Channel Type Indicator/EA

I found an indicator that only draws the last 2 fractals. I can post it if any body wants it. However I'm still looking for someone who can program to write an EA where it will buy/sell anytime price breaks the last fractal. All the EA needs to do ...

Looking for a Fractal Channel Type Indicator/EA

Is it possible to draw those 2 horizontal lines without having the rest of the fractal channel show up. I have the fractal channel code but I don't know what you have to change to make the horizontal lines show up. Also do you think creating an EA ...

Looking for a Fractal Channel Type Indicator/EA

EA Possibility? — I'm also hoping someone can write an EA where you would enter a trade on a break of the fractal's high or low. So you'd enter at the break of the horizontal line. This is just so I can back test easier and faster. So if ...

Looking for a Fractal Channel Type Indicator/EA

This might be a stupid question but what do the abbreviations mean. I'm guessing UR = Upper Range? and LR = Lower Range? Can you clarify if that's right and what the others mean. Sorry if that's a dumb question. Thanks, trublu

Charting and Trading Daily Reversal Points

I had a question about PPZ's that people draw. Do you guys all draw them in the same color or do you have different one's in different colors. For example if you were drawing a PPZ from a weekly chart it would be blue and you'd draw a green one on a ...

james16 Chart Thread