Thanks for the volume suggestion rasta, never really looked at volume before. To be honest I'm not sure even how the fib expansion works, never thought of it before to plan targets. For now just using 30 for TP and SL has been working for me but ...

Easy Fractal Breakout Strategy

I attached a chart showing where you would enter for a reversal trade. Basically you enter after the 4th bar in the fractal formation. Remember when you trade breakouts you need to wait for the 5th bar of the fractal formation to close to confirm it ...

Easy Fractal Breakout Strategy

I've been using it on the 4 hour for the past couple of weeks and it's been doing pretty well. But I'm not only playing the breakout of the fractal channel I've been taking reversal trades as well. I'll put up a chart later that explains what I'm ...

Easy Fractal Breakout Strategy

1) I'm looking for a fractal EA that will buy and sell fractal reversals and breakouts. 2) The main indicator that I use is the standard MT4 fractal indicator. An easier way to watch for fractal breakouts is by using the fractal channel indicator I ...

I code your Expert Advisors / Indicators

Thanks for showing us that Rasta. I'll have to read that thread, looks like the same thing I'm looking at but on higher TF's, interesting indeed. trublu

Easy Fractal Breakout Strategy

I did a little back testing on trading the 5 min breakouts and it's just too much trading for me so I'm going to only trade 15 min breakouts but I'm going to use the indicator that Lim posted I think where it shows the 15 min fractal channel on the ...

Easy Fractal Breakout Strategy

Here is one of my real charts showing the 5th bar breaking the high of the "would be fractal". The bar I highlighted with the green rectangle is the 5th bar of the fractal formation. If it closed below the high of bar 3 then it would have been a ...

Easy Fractal Breakout Strategy

I'm not at my main computer so I don't have my charts with me but here is a pic of a fractal from the web I found. I tried to edit it in Paint but it's not that great looking. Basically you must wait for the 5th bar to close or the bar that I marked ...

Easy Fractal Breakout Strategy

Thank you for those charts Dopey, looks very good. Now I have some things to test with higher TF's, I've looked at them before but I couldn't figure out a good way to set profit targets or stops so thank you again. I also agree about not using a ...

Easy Fractal Breakout Strategy

Here's one more chart from the E/U 5 min chart with the last breakout fibbed. As you can see it's hit it's first target and now I'm going to wait and see if it keeps going up or not.

Easy Fractal Breakout Strategy

Charts from today — I decided to throw up some charts from today on the EUR/USD with the Fib targets that Dopey was just talking about. This is the 5 min. chart with the 15 min. channel. As you can see in the charts below both the moves I ...

Easy Fractal Breakout Strategy

Nice looking charts Dopey. Thanks for showing some charts, I thought I knew what you meant by measured moves but I was a little off so it's good you shared some charts. One more question if you don't mind, have you tried the measured moves on ...

Easy Fractal Breakout Strategy

Thanks for the tips Dopey, looks like I got some more things to back test. I haven't tried using measured moves before, I'm intrigued. I've thought about putting SL at fixed number but I think maybe at some fib retracement or previous swing high or ...

Easy Fractal Breakout Strategy

Thanks for the indicator I'll check it out. I just wanted to say one thing about fractals repainting. I know a lot of people don't put any faith in fractals because they repaint or redraw. The problem is people don't wait for the 5th bar to close. ...

Easy Fractal Breakout Strategy

I've just looked at the charts for E/U today on the 5 min and 15 min. I put on the indicator Lim gave and put the 15 min. channel on the 5 min chart and the 30 min channel on the 15 min chart. The results look pretty good just from eyeballing it and ...

Easy Fractal Breakout Strategy

Thanks for those charts Lim, I've fooled around with fibs before and looked at how much it retraced from the channel and if it went too far maybe you don't take the trade, but I don't know if that's good or not. I'll have to work more with your ...

Easy Fractal Breakout Strategy

Thanks for the suggestions Rastaman and Limstylz, looks like I have some things to try out. Question about how you use the MA indicator Rastaman, do you just go long if it's green and short when it's red or is there something else to it? Sorry if ...

Easy Fractal Breakout Strategy

I personally prefer to use the fractal channel. The horizontal line indicator (fractal level Xrust) just shows the last 2 fractals with out showing where the previous lines would have been. You can use either or both indicators they show the same ...

Easy Fractal Breakout Strategy

Sorry I'm confused about what exactly your asking. Are you asking why I don't have the horizontal lines on my chart? Try to rephrase and maybe I can help you out or maybe someone else knows what you are tying to ask. trublu

Easy Fractal Breakout Strategy

Thanks for the suggestion ferndog, if possible can you guys post a chart of what you're seeing. This way everyone can see what exactly you are talking about. I'll keep my eye on the USD/CAD that you mentioned. I'll throw some BB on there to see how ...

Easy Fractal Breakout Strategy