FOREX on Fractals and Camarilla
Forex Strategy on Fractals and Camarilla
In the universal Strategy Forex Fractal Camarilla and are trading on any currency pair, time interval - can also be any (but preferably not less than 15 minutes, since at smaller intervals in the forex signals are not stable enough, but if you want to trade at smaller intervals - looking for confirmation of the trend to larger intervals).
By enabling the chart Metatrader 4 the following indicators forex:
1) Forex Indicator Camarilla (download may at the end of the strategy)
2) Forex Indicator Fractals (installed by default in MT4)
3) Forex Indicator Stochastics (Stochastic Oscillator) (with parameters% K - 9,% D - 3, slowing down - 3, the type of averaging (method MA)-weighted (WMA) - installed by default in MT4
Description forex indicator Camarilla:
This forex indicator divides the space on the chart for seven areas:
H5, H4, H3, pivot - Pivot, and L3, L4, L5.
To successfully trade on the forex strategy you need to understand what happens to the market price at the approach to the level indicator Camarilla.
How identify bounce:
rebound is confirmed , if the combination of candles near the line indicator forex Camarilla forms a "triangle-up" (T. Up) or "down triangle" (T. Down) , will generally be 2 or 3 attempts to break through this level until this pattern.
How to identify the breakdown:
signal at the breakdown then appears as the only candle crosses the line and following it is a candle in the same direction as the previous one.
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main secret of fractals:
In fact, in itself a fractal has the same features as the indicator PSAR: ie need to buy, just as it appears below the candles, and to sell, just as it appears on the candle, but in real life we ??can not trade successfully, if the deal will open each time you receive a new fractal.
signals the opening of trade on forex strategy on Fractal and Camarilla:
In conjunction with the indicator forex camarilla - Fractals are large potentsialdlya of the forex market. Once the price on the chart will form near the level of the fractal camarilla and still there is a pattern and "T. Up "to conclude a deal to buy with setting Teyk-profit at the next line indicator camarilla and the stop loss below the newly formed combination " T. Up "
For greater certainty to trade recommend using a trailing stop
to sell up to "contrast".
Indicator "stochastic" (Stochastic Oscillator):
This forex indicator is not prevalent, but it helps determine whether you open a trading position .
Conclude a deal to buy if the stochastic is below 50.
Bargain for sale, if the stochastic is above 50.
All these forex indicators should be used together.
Download Forex Indicator Camarilla for MT4