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hibra68 Oct 27, 2019 10:44pm | Post# 1

Fractalsline
 
2 Attachment(s)
Hi, this par of profitunity that I found on some website. There were at least 20 indicators making up the system lol. I stripped it down to this indicator only.

Time frame: 1hr, 4hr, daily

Currencies: At the moment I haven't tested on anything so any currency is good for testing.

Buy rule: Wait for price to close below lower line, than wait for price to close above the lower line. Enter at next bar open.

SL= below the lowest low when lower line was broken. Use common sense. If the sl is too big use 2x Atr max or something.
TP= this is optional but I would use 5 pips below the upper line.

Sell rule: Everything reverse from buy rules.

The chart I posted is 1hr and take profits seem too small but Im too lazy to go through 4hr so do it on your own and post here.
Click to Enlarge

Name: OANDA - MetaTrader.png
Size: 147 KB
FractalsLine.mq4

Vuhuy Oct 29, 2019 7:39am | Post# 2

thank you. i will test it

hibra68 Oct 29, 2019 11:55am | Post# 3

thank you. i will test it

koros0111 Oct 29, 2019 5:14pm | Post# 4

1 Attachment(s)
Hi, this par of profitunity that I found on some website. There were at least 20 indicators making up the system lol. I stripped it down to this indicator only. Time frame: 1hr, 4hr, daily Currencies: At the moment I haven't tested on anything so any currency is good for testing. Buy rule: Wait for price to close below lower line, than wait for price to close above the lower line. Enter at next bar open. SL= below the lowest low when lower line was broken. Use common sense. If the sl is too big use 2x Atr max or something. TP= this is optional but...
Some minor updates
FractalsLine v 1.1.mq4

cfudge Oct 29, 2019 8:05pm | Post# 5

Hey Hibra

On your chart in post 1 does the line where you TP not show until after later candles

hibra68 Oct 29, 2019 9:03pm | Post# 6

Hey Hibra On your chart in post 1 does the line where you TP not show until after later candles
It changes with every bar. So you have to adjust it.

Vuhuy Oct 30, 2019 7:01am | Post# 7

Can you add an arrow to the bell command for this indicator?


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