Electronic journal ForTrader.ru".
The fractal for buying - a series of five consecutive bars in which two bars with lower maximums stand before the highest maximum and two - after it.
The fractal for selling - a series of five consecutive bars in which two bars with the higher minimums stand before the lowest minimum and two - after it.
The fractals for buying and selling may consist of the same bars.
The fractals set the following signals:
The fractals will be active either till the moment of their "defeat" or till the new fractal in the same direction appears (in this case the previous signal is cancelled and the pending order is taken away).
It is critically important where the fractal was "defeated", i.e. which bar to enter the market at after the passage of fractal. If the bar is beyond the Alligator's teeth then such trade is allowed.
The method of exiting the market that is sensitive to the price dynamics allows to fix the profit within the last 10 % of the trend taking about 80% of the movement (according to B. Williams).
Bill Williams proposed several methods of placing the Stop Loss orders:
Read the research of the pattern in the 31-st issue of the electronic journal for traders.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/8465
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