I'm new at this, but on the trading platform I'm using, fractal icons appear indicating a trend directon change. Yet I've seen those fractal icons disappear the next day. I was told by one of the platform company employees that that can happen. That doesn't seem logical to me. If a fractal icon appears because the configuration of the candles indicates a trend, how can it disappear the next day? Isn't that "rewriting" what has already happened? I could use some experienced, knowledgable traders' input here. Thanks.
FxIndicators
Fractals are not supposed to disappear once they appear AND the candle during which they appeared is closed. That's most certainly a bug in the platform.
To the trader who asked: "how do you combine both fractals, bollingerband and alligator for a good trading".
Sorry, but this is rather an abstract question. It doesn't make sense to solve every combination of indicators given to me... I offer solutions only when I use them myself, so that there is a value in the knowledge I share.
trader
It seems from your charts that you wait for the fractal to form completely above the entire alligator indicator. Is that how you trade it or do you just wait for a fractal above the gators teeth?
trader
I have the same question. On the very first picture under the heading "Fractals trading: Bill Williams' Chaos Theory," the 5th buy fractal is also above the red line, and according to you explanation, it is also a valid buy signal. Thank you for the answer, cool site, keep it up!
FxIndicators
Yes, I missed the first valid Buy fractal above the Alligators teeth in my illustration, so I've added a fresh image there. Thank you guys for your help and being attentive readers.
trader
RE comment: how do you combine both fractals, bollingerband and aligator for a good trading
Did you actually read the post & look at the charts?
trader
...Why would you want to combine this with bollinger bands? While you're at it, why don't you add ichimoku, gann and fib lines and 10 different moving averages all to the same chart? Trust me, less is better. But some people insist on having their charts look like the Vegas strip..
trader
how about the TakeProfit levels? can fractals and aligator be used for that also? thanks
trader
goood indicator thanks willams it is very usefull with 1 hours chart with rsi and stochastic indicator..............nice
Zali
great guide, hope all indicator can show Stoploss, Entry and target
* vote 5 star ***** Zali
trader
"Fractals are not supposed to disappear once they appear AND the candle during which they appeared is closed. That's most certainly a bug in the platform."
This I learned from the book "Trading Chaos": fractal can only disappear if 1 of 2 next bar exceeds the fractal is formed, meaning that the new fractal in the same direction will be formed.
The above only happens when you calculate fractal manually. but if this happens on your indicator, then there is only one reason: "fractal indicators that you use is calculate the fractal appearance before the terms "5 bars" were fulfilled."
trader
"how do you combine both fractals, bollingerband and aligator for a good trading"
I think you should learn about the "5 magic bullet" by bill william. Bollingerband is useful to hold losses with good setting in the appropriate period (for trailing stop). but it can only be practiced if you are a scalper. you will lose the potential benefits to be gained from a wave if you use it (because it has hit the take profit when correction wave) for long term trades, let's say H1 or H4 or higher. I have used it but not anymore because in my experience better to wait "5 magic bullet" to take profits, so I can take advantage of hundreds of pips from it.
I also ever use a variety of indicators in one chart with various combinations for a long time. it only produces ambiguity. make my eyes so sick. now I only use 3 main indicators: Fractal, alligator, trade in the zone or zonetrade indicator (combination of awesome Indicators and accelerator indicator). This 3 is powerful enough to make you rich. :)
trader
I wonder if someone have an fractal indi that shows the swing is a higher high higher low and lower low lower high. It would be very usefull one to find in this indicator base...
in regards to fractals disapring they are a 5 bar formation... if last bar creaps the wrong way it will dissaper
trader
Can the fractals be used for on a chart faster then a daily? Are there fractal strategy's based on 5 minute time frames, tick charts and/or volume charts? I'm not asking for a specific strategy, I'm just curious if it is mainly used for longer term trading?
trader
great stuff
trader
It appears that Fractals are a good way to determine swing Highs and swing lows for Fibonacci retracements what do you think
trader
how can i use the fractal that i downloaded, i want instruction on how to insert it
Indicators:
Original fractals:
I'm new at this, but on the trading platform I'm using, fractal icons appear indicating a trend directon change. Yet I've seen those fractal icons disappear the next day. I was told by one of the platform company employees that that can happen. That doesn't seem logical to me. If a fractal icon appears because the configuration of the candles indicates a trend, how can it disappear the next day? Isn't that "rewriting" what has already happened? I could use some experienced, knowledgable traders' input here. Thanks.
Fractals are not supposed to disappear once they appear AND the candle during which they appeared is closed. That's most certainly a bug in the platform.
To the trader who asked: "how do you combine both fractals, bollingerband and alligator for a good trading".
Sorry, but this is rather an abstract question. It doesn't make sense to solve every combination of indicators given to me... I offer solutions only when I use them myself, so that there is a value in the knowledge I share.
It seems from your charts that you wait for the fractal to form completely above the entire alligator indicator. Is that how you trade it or do you just wait for a fractal above the gators teeth?
I have the same question. On the very first picture under the heading "Fractals trading: Bill Williams' Chaos Theory," the 5th buy fractal is also above the red line, and according to you explanation, it is also a valid buy signal. Thank you for the answer, cool site, keep it up!
Yes, I missed the first valid Buy fractal above the Alligators teeth in my illustration, so I've added a fresh image there. Thank you guys for your help and being attentive readers.
RE comment: how do you combine both fractals, bollingerband and aligator for a good trading
Did you actually read the post & look at the charts?
...Why would you want to combine this with bollinger bands? While you're at it, why don't you add ichimoku, gann and fib lines and 10 different moving averages all to the same chart? Trust me, less is better. But some people insist on having their charts look like the Vegas strip..
how about the TakeProfit levels? can fractals and aligator be used for that also? thanks
goood indicator thanks willams it is very usefull with 1 hours chart with rsi and stochastic indicator..............nice
great guide, hope all indicator can show Stoploss, Entry and target
* vote 5 star ***** Zali
"Fractals are not supposed to disappear once they appear AND the candle during which they appeared is closed. That's most certainly a bug in the platform."
This I learned from the book "Trading Chaos": fractal can only disappear if 1 of 2 next bar exceeds the fractal is formed, meaning that the new fractal in the same direction will be formed.
The above only happens when you calculate fractal manually. but if this happens on your indicator, then there is only one reason: "fractal indicators that you use is calculate the fractal appearance before the terms "5 bars" were fulfilled."
"how do you combine both fractals, bollingerband and aligator for a good trading"
I think you should learn about the "5 magic bullet" by bill william. Bollingerband is useful to hold losses with good setting in the appropriate period (for trailing stop). but it can only be practiced if you are a scalper. you will lose the potential benefits to be gained from a wave if you use it (because it has hit the take profit when correction wave) for long term trades, let's say H1 or H4 or higher. I have used it but not anymore because in my experience better to wait "5 magic bullet" to take profits, so I can take advantage of hundreds of pips from it.
I also ever use a variety of indicators in one chart with various combinations for a long time. it only produces ambiguity. make my eyes so sick. now I only use 3 main indicators: Fractal, alligator, trade in the zone or zonetrade indicator (combination of awesome Indicators and accelerator indicator). This 3 is powerful enough to make you rich. :)
I wonder if someone have an fractal indi that shows the swing is a higher high higher low and lower low lower high. It would be very usefull one to find in this indicator base...
I'm trading forex with daily fractals very successful, sharing my daily fractals approach that I been successfully using for years here:
http://fet0r-trading.com/2011/03/11/daily-fractals-strategy/
in regards to fractals disapring they are a 5 bar formation... if last bar creaps the wrong way it will dissaper
Can the fractals be used for on a chart faster then a daily? Are there fractal strategy's based on 5 minute time frames, tick charts and/or volume charts? I'm not asking for a specific strategy, I'm just curious if it is mainly used for longer term trading?
great stuff
It appears that Fractals are a good way to determine swing Highs and swing lows for Fibonacci retracements what do you think
how can i use the fractal that i downloaded, i want instruction on how to insert it
http://forex-indicators.net/how-to-install-mt4-indicators
good
First of all i ll' be thankfull to you and this is a very helpfull indicator for us. Thankas.....!
Very good
nice explanation
How do i implement the "Fractals.txt" in my mt4 ? Some screenshot or explanation would really help, thx in advance.
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