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3 Bar Fractal Break

  • #1,261
  • Dec 17, 2020 4:49pm Dec 17, 2020 4:49pm
Quoting DeejaySnipes
{quote} Thanks again Daz. I have been super profitable with the simple and basic strategy. Never had so much withdrawals. forget all the indicators and EA's, it is unnecessary. If you really wish, then just get the fractal indicator, if you really can't see the HH or LL then maybe this is not for you. Just have a view of Support and Resistance key areas. These become my SL areas. I prefer trailing stops and yes it limits my profits but my win ratio is super high. follow the strategy as it is explained in the beginning with all the other confusing...
Hi mate, this is great news, i have read this whole thread and i really like the idea of it, do you mind sharing some more info as to how you are using it to profit ?...i.e. are you using lower to higher timframes to trade it ?...4HR - 1HR...or 1HR - 15MIN ??.....some examples and screenshots would be awesome. Thanks!
  • #1,262
  • Jan 3, 2021 2:20am Jan 3, 2021 2:20am
Quoting SniperNZFX
{quote} Hi mate, this is great news, i have read this whole thread and i really like the idea of it, do you mind sharing some more info as to how you are using it to profit ?...i.e. are you using lower to higher timframes to trade it ?...4HR - 1HR...or 1HR - 15MIN ??.....some examples and screenshots would be awesome. Thanks!

I scalp DAX mostly. I check 30M for setup and execute on 5M chart. Mindful of S&R levels as those can play around.

I exit and take loss when reverse set up comes. Profits I trail stop.

Let me know if this helps?

This week I will look at forex pairs as i have more time on my hands.
  • #1,263
  • Apr 2, 2021 4:05am Apr 2, 2021 4:05am
Starting back up in this thread in May ready for the big swings. Updated 3bfb coming soon. Keep an eye out on my youtube for video
  • #1,264
  • Apr 5, 2021 5:42am Apr 5, 2021 5:42am
Quoting dazjw2311
Starting back up in this thread in May ready for the big swings. Updated 3bfb coming soon. Keep an eye out on my youtube for video
Are you trading the one minute as per your reply on the "M1 MAgic100 system" - Post 1260 ?
As to the 3bfb - Look forward to the video.
Thankyou in advance
every Saint has a past. Every Sinner has a Future
  • #1,265
  • Edited 9:22am Apr 12, 2021 9:00am | Edited 9:22am
If you like this method on Forex, you will love it on the US E-mini futures. The Nasdaq e-mini (symbol NQ) moves so well that a 4th bar close in the right direction on the 15 sec, 30 sec and 1 min charts is enough to take the trade the majority of the time. For sure, it's a discretionary decision. If the price action is fast, I wouldn't personally wait. If it's choppy, you do (i.e., wait for the 4th bar high/low to be crossed instead of the close of the 4th bar above/below its high/low...long/short signal, respectively). For a 5 min and up timeframe, daz's regular rules apply.

An alternative product to trade if your budget just isn't there yet is to trade the NQ micro e-mini futures. It trades at 1/10th the price move of an e-mini contract. So, 1 pt = $2 USD vs $20 USD.

This method should be easily adaptable to a semi-auto trade entry on faster timeframes. That is, when you see the price action setting up, press a button to enter a trade on the next signal. I like this approach much better than full auto because you have the human element of making the decision to take the trade combined with the speed of the computer to take the precise entry point.
  • #1,266
  • May 3, 2021 5:54pm May 3, 2021 5:54pm
Quoting dazjw2311
Starting back up in this thread in May ready for the big swings. Updated 3bfb coming soon. Keep an eye out on my youtube for video
When will your new Youtube Video be out?
  • #1,267
  • May 7, 2021 8:03am May 7, 2021 8:03am
Quoting Mandariin
{quote} Why you don't " Upload From Device " inside your post ? 1st outside pictures will get lost 2nd to lazy to click on the links 3rd ain't gone accept cookies
Too lazy, not to.
All you touch and all you see, is all your life will ever be.
  • #1,268
  • May 8, 2021 6:12am May 8, 2021 6:12am
Quoting Billz
How can i build an indicator?
Ask Bob the builder.
All you touch and all you see, is all your life will ever be.
  • #1,269
  • May 8, 2021 8:16am May 8, 2021 8:16am
Quoting Inthebox
{quote} yes bar 2 is the apex of the three bars.
Or the nadir.
All you touch and all you see, is all your life will ever be.
  • #1,270
  • May 8, 2021 8:20am May 8, 2021 8:20am
Quoting Loftboy
{quote} Ask Bob the builder.
By learning to program. Not what you probably what you wanted to hear. What do you actually want, no promises though.
  • #1,271
  • May 8, 2021 8:40am May 8, 2021 8:40am
Quoting thomond
{quote} That is a perfect demonstration of your system. Well done.
If that was me, I'd be locking in 50.
All you touch and all you see, is all your life will ever be.
  • #1,272
  • May 9, 2021 12:18am May 9, 2021 12:18am
Quoting dazjw2311
{quote} i understand , i just get frustrated that people want me to help them but donnt want to spend time to watch content. They want to be spoon fed.
Modern society, I'm afraid.
All you touch and all you see, is all your life will ever be.
  • #1,273
  • May 9, 2021 6:55am May 9, 2021 6:55am
Quoting JDubyaa
Haven't made it past the first couple pages of this thread but day one is a success so far. Thanks for the great simple strategy! {image} {image} {image}
These charts look like a map of the London Underground.
All you touch and all you see, is all your life will ever be.
  • #1,274
  • Jun 30, 2021 11:30pm Jun 30, 2021 11:30pm
Quoting dazjw2311
Starting back up in this thread in May ready for the big swings. Updated 3bfb coming soon. Keep an eye out on my youtube for video
Hurry up with the new thread mate
  • #1,275
  • Jul 11, 2021 4:58am Jul 11, 2021 4:58am
Quoting hoz
As I see, there are a lot of elements of this pattern and it's not a working strategy. Can someone correct me if I understand these rules incorrectly?
I don't know what the code you wrote does but it's nothing like as described in the video, so my answer is, NO, you do not understand the "rules".

You didn't even share a chart to show it, that's a pretty poor effort IMHO.

Here they are:

Buy Signal
(A) The CLOSE of the current bar (1) must be higher than the HIGH of the previous bar (2)
(B) The CLOSE on this bar (1) must be higher than the HIGH of the bar three bars back (4)
(C) When those conditions are met, we have a BUY SIGNAL

Sell Signal
(A) The CLOSE of the current bar (1) must be lower than the LOW of the previous bar (2)
(B) The CLOSE on this bar (1) must be lower than the LOW of the bar three bars back (4)
(C) When those conditions are met, we have a SELL SIGNAL

And in the video, from 47:20 -

Inserted Video


Tom clearly steps through the chart bar by bar, there are NOT a lot of elements as you claim. Also, as he says, there is the signal, what you do with it is up to you.

What I like about it is, it is not just 1 signal and you missed it, it repeats as long as the criteria are met. In the video, he speaks of how professional traders add on.

Here is the NZDJPY last Thursday and Friday, short signals one day, long signals the next.

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-07-11_19-47-10.jpg Size: 208 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,276
  • Aug 15, 2021 8:37am Aug 15, 2021 8:37am
Quoting dazjw2311
Starting back up in this thread in May ready for the big swings. Updated 3bfb coming soon. Keep an eye out on my youtube for video
How soon is "soon" ?
every Saint has a past. Every Sinner has a Future
  • #1,277
  • Aug 15, 2021 11:47pm Aug 15, 2021 11:47pm
Quoting Loftboy
{quote} These charts look like a map of the London Underground.
I have been to London and I reckon that is an insult to the maps of the underground, which can be read easily.

He said the charts were simple but they are not IMHO.

It takes a lot for me to IGNORE you, but you can try.
  • #1,278
  • Oct 7, 2021 10:14pm Oct 7, 2021 10:14pm
Quoting clemmo17
In fact even then it occurs too often to be significant. I found 3 matches that you excluded from your original example and here's what I found just examining a random day on H1 EU before I gave up. This pattern occurs all the time. {image} {image} So you're selecting these examples based on some (unwritten) criteria even though you might not realize it. I suspect it's based on the steepness of the run that preceded the 3 bar fractal. Until you can specify further this is going to have to remain manual/subjective/discretionary.
hi..any indicator exist when bar 4 break out alert?
anyone have ?
thanks
  • #1,279
  • Oct 9, 2021 4:17am Oct 9, 2021 4:17am
Quoting james27
{quote} hi..any indicator exist when bar 4 break out alert? anyone have ? thanks
https://www.forexfactory.com/thread/...8#post12808528
This is the one I used for a while back when I was interested in this 4-bar pattern idea. You can see some of the results of my testing at https://www.forexfactory.com/thread/...0#post12858200. Note that it looks better than it actually is because the indicator requires a bar 3 break to close after the break before signalling. It is therefore quite laggy.

Then I made another one that doesn't depend on as many rules - it just highlights every break. No alerts. I make no warranties about quality. I'm a mediocre coder and I was even worse back then.

I no longer trade with patterns. The market is a pattern-eraser.
Attached File(s)
File Type: mq4 Breakout indicator V1.2.mq4   8 KB | 882 downloads
  • #1,280
  • Nov 9, 2021 8:47pm Nov 9, 2021 8:47pm
Quoting DeejaySnipes
{quote} I scalp DAX mostly. I check 30M for setup and execute on 5M chart. Mindful of S&R levels as those can play around. I exit and take loss when reverse set up comes. Profits I trail stop. Let me know if this helps? This week I will look at forex pairs as i have more time on my hands.
still working like a charm if you stop with trying to over complicate life and worry about indicators and EAs and rubbish. read the opening post again and get on with it.
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