523# Break Fractal Line
Fractal Breakout trading with trend
Submit by Corneliusson 24/05/2016
Break Fractal Line is breakout trend strategy based on fractal breakout indicator and Mega trend. This strategy works best with currency pairs in trend.
This is an good intraday forex strategy.
Time Frame 1 min or higher.
Financial market:any.
Metatrader Indicators:
Break Fractal Line with fractal period 5;
Zig Zaf version 2.3;
Megatrend 144 3.
Trading rules Break Fractal Line
Trades only in the dirrection of the trend.
The trend is determined by megatrend.
blue line trend up;
red line tren down.
Buy
Blue line trend up.
Break fractal buy arrow.
Sell
Red line trend up.
Break fractal buy arrow.
Exit position when the megatrend changes directio or with profit target predetermined that depends by currency pairs and time frame.
In the pictures Break Fractal Line in action.
Share your opinion, can help everyone to understand the forex strategy
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