46# Fractal Forex Strategy
Submit by Forexstrategiesresources
Indicators:
Bill Williams Fractal indicator (standard forex indicator);
50 exponential moving average (50 EMA)
Stocastic full ( 11, 3. 3)
Short Trade
1) Price trades below the 50
EMA.
2) Wait for a bearish fractal pattern to complete near the 50 EMA.
4) Trade confirmed? If yes, enter short at open of bar 4 and place stop loss 3 pips above the fractal bar.
Long Trades
1) Price trades above the 50 EMA.
2) Wait for a bullish fractal pattern to complete near the 50 EMA.
3)Stochastic crosses line
4) Trade confirmed? If yes, enter short at open of bar 4 and place stop loss 3 pips above the fractal bar .
Exit Oreder:
Target Profit recommended or exit on support or resistance.
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