In this post I will be reviewing the Fractal Breakout Forex Indicator from the Forex Robot Traders team who usually develop forex robots but have made this fractal indicator commercially available to be used stand alone or as part of your own manual forex trading system. There is also a fully automated version of the Fractal Breakout Forex Indicator should you wish to use it. The Fractal Breakout Forex Indicator is for use in the MetaTrader 4 (mt4) trading platform which is freely available to download from most forex brokers across the globe. I prefer to use an ECN forex broker as I believe they give the best trading conditions such as low spreads, low commissions and low slippage due to the amount of liquidity providers (LP’s) that they use. This can help to save on trading costs when using any automated or manual forex trading system.
Fractal Breakout Forex Indicator Trading System
The Fractal Breakout Forex Indicator that can give you accurate signals that are extremely easy to interpret using the colour coded indicators provided that you attach to your mt4 charts. You may use the Fractal Breakout Forex Indicator on any forex currency pair and timeframe. I would personally use it on the major currency pairs such as the EURUSD & GBPUSD as they tend to have the most liquidity whilst I prefer the higher timeframes (1 hour and above) as they do a good job of filtering out noise from the lower timeframes in my opinion. Not to mention this means less chart watching, trade smart not hard! The Fractal Breakout Forex Indicator analyses the charts for trends and retracements to find large fractal setups. It will give easy to read arrows to show you when to enter and exit trades. You may wish to take every trade as is or add your own technical, fundamental or price action analysis to further filter trades. The Fractal Breakout Forex Indicator can help you to get in early on big movements and looks to catch big movements. Just make sure that you use good money management with a sensible risk to reward ratio so that your winning trades outweigh your losing trades. You wouldn’t want all winners wiped out by one loss! You may also choose to incorporate a trailing stop and / or break even to lock in trades and maximize profits.
Fractal Breakout Forex Indicator Summary
Overall, the Fractal Breakout Forex Indicator can form part of a strong manual forex trading strategy but will require some thought on behalf of the trader and certainly you should have your trading emotions (fear, anger, greed) and money management in check. It may be a good idea to first practice on an mt4 demo account with the Fractal Breakout Forex Indicator until you are consistently making a profit. The Fractal Breakout Forex Indicator comes with instructions, trade example, support and a money back guarantee.