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3 Bar Fractal Break

  • #21
  • Mar 10, 2020 5:06am Mar 10, 2020 5:06am
Quoting Inthebox
{quote} though ambiguous, makes more sense that bar 4 has to close below bar 3 low accordingly to post 1 picture. {image}
If we count bar 0 very before bar 1 so is it totally similar to Bill William Fractal?
  • #22
  • Mar 10, 2020 5:17am Mar 10, 2020 5:17am
Hi Daz I just noticed in a trend bar 4 keeps getting taken out by a new 3 bar fractal bar 4 pretty cool!!!!
  • #23
  • Edited 5:45am Mar 10, 2020 5:34am | Edited 5:45am
Quoting Exciter135
{quote} If we count bar 0 very before bar 1 so is it totally similar to Bill William Fractal?
essentially the same 5 candles fractal, but this strategy requires to look at 3 with bar 2 as apex, then to wait for bar 4.
if one were to search '3 bar reversal' in the internet, there are quite a few variations.
some requires the candle to close below bar 1 low, with some even merging bar 3 and 4 as one bar.
so this thread is another variation, which looks good to me.
ITB - Seeing Orderliness amongst 'Randomness'
  • #24
  • Edited 12:52pm Mar 10, 2020 7:33am | Edited 12:52pm
just to make it clear, the 3 bar fractal is not 2 up one down. it only requires 2 lower highs either side of middle candle for sell and 2 igher lows for a buy, see example

https://imgur.com/1bqtFWq
  • #25
  • Mar 10, 2020 7:35am Mar 10, 2020 7:35am
i am trading the 5m dax between 15.30 gmt and 17.00 gmt. so ill post results later
  • #26
  • Edited 12:53pm Mar 10, 2020 7:41am | Edited 12:53pm
https://i.imgur.com/luxgSDP.png H4 EURUSD SET UP


https://i.imgur.com/CV2iwlZ.png H1 EURUSD ENTRY

Just entered, missed initial but got a better entry on retracement. See how it pans out
Attached Image(s) (click to enlarge)
Click to Enlarge Name: luxgSDP.png Size: 30 KB
Click to Enlarge Name: CV2iwlZ.png Size: 36 KB
  • #27
  • Mar 10, 2020 10:03am Mar 10, 2020 10:03am
it would be better if someone creates the indicator for this strategy,unfortunately im not a coder.
  • #28
  • Mar 10, 2020 10:20am Mar 10, 2020 10:20am
Following with interest, very similar to a method I am forward testing.
You new to the game daz? I've been around years and still yet to find the right method/mindset...
  • #29
  • Mar 10, 2020 10:46am Mar 10, 2020 10:46am
Quoting andys0506
Following with interest, very similar to a method I am forward testing. You new to the game daz? I've been around years and still yet to find the right method/mindset...
i am also a big fan of fractal break,but sometimes it late to enter on break,its almost time to reversal many times,so it fails me.
  • #30
  • Mar 10, 2020 10:57am Mar 10, 2020 10:57am
thats why you wait for 4th bar to breach, its the expansion stage, back test it

neen trading 3 years Andy, finding this very consistand with hardly any drawdown 70 percent of time
  • #31
  • Edited 12:53pm Mar 10, 2020 10:59am | Edited 12:53pm
https://i.imgur.com/Rvf8gk3.png

50 pips in profit from EURUSD trade earlier
Attached Image (click to enlarge)
Click to Enlarge Name: Rvf8gk3.png Size: 43 KB
  • #32
  • Mar 10, 2020 11:00am Mar 10, 2020 11:00am
Quoting T4Trade
it would be better if someone creates the indicator for this strategy,unfortunately im not a coder.
Learn it already. Lazy ass!
  • #33
  • Mar 10, 2020 11:10am Mar 10, 2020 11:10am
Quoting Anusragger
{quote} Learn it already. Lazy ass!
i dont know how to and where to start learn coding,i wish i could,i have so many ideas ,i can code my own ideas and be rich quickly.help me start plz,i am not lazy at all hahha
  • #34
  • Edited 1:00pm Mar 10, 2020 11:18am | Edited 1:00pm
Before - US30 ENTERED ON 1M CHART

https://i.imgur.com/rC6J37X.png


AFTER- US30 ( I DONT KNOW WHY BUT MY POSITION CLOSED EARLY BUT LOOK AT IT SHOOT UP WOULD OF HIT TP )

https://i.imgur.com/IRBt7TK.png


HOW IT LOOKED ON 5M CHART FOR SET UP
Attached Image(s) (click to enlarge)
Click to Enlarge Name: rC6J37X.png Size: 27 KB
Click to Enlarge Name: IRBt7TK.png Size: 34 KB
Click to Enlarge Name: M8sVpFQ.png Size: 20 KB
  • #35
  • Edited 12:55pm Mar 10, 2020 11:24am | Edited 12:55pm
https://i.imgur.com/HkJ5dAJ.png

EURUSD UPDATE WITH CANDLES MARKED AND CANDLE 4 BREAKING WITH BIG EXPANSION
Attached Image (click to enlarge)
Click to Enlarge Name: HkJ5dAJ.png Size: 29 KB
  • #36
  • Edited 12:55pm Mar 10, 2020 11:37am | Edited 12:55pm
https://i.imgur.com/Yrgd5Fa.png

Moved stop above H1 candle because of trumps speach, im guaranteed 35 pips in profit. i wouldnt normally do this but got a feeling going to be bad news for dollar and shoot up
Attached Image (click to enlarge)
Click to Enlarge Name: Yrgd5Fa.png Size: 36 KB
  • #37
  • Mar 10, 2020 11:54am Mar 10, 2020 11:54am
Quoting johr
Hi Daz I have few questions.. 1) What if the 3rd candle is broken by 5th or 6th or more candle instead of 4th candle, is it still a valid setup? 2) What if the 4th candle breaks 3rd candle by 1 or 2 pips, is it still a valid setup? 3) What if the 2nd & 3rd candle have equal high or low, do you count 3rd candle as 2nd candle OR the 3rd candle is counted as 3rd candle? thx
Hi Daz,
please answer the queries above.
thank you
  • #38
  • Mar 10, 2020 11:58am Mar 10, 2020 11:58am
Quoting johr
{quote} Hi Daz, please answer the queries above. thank you

its only valid still if it dont produce another 3 bar fractal ( normally it dont ) but answer is yes its still valid, ill find an example
  • #39
  • Edited 12:55pm Mar 10, 2020 12:09pm | Edited 12:55pm
Quoting johr
{quote} Hi Daz, please answer the queries above. thank you

https://i.imgur.com/H67pwMD.png

SEE IMAGE JOHR
Attached Image
  • #40
  • Mar 10, 2020 12:25pm Mar 10, 2020 12:25pm
Can you explain the setup for bar 1, 2, 3?
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