Tehnical Indicator of FRACTAL
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Dear friends at Forum MQL4 Community.
I am Tony, a very new member and I just joined this community.
I have a very bad experience in Index trading before.
Now, I need to stand up and fix the mess.
I see some tehnical indicators, such as Fractal and Alligator.
Here is the comment about Fractal.
The fractal needs to be filtrated with the use of Alligator. In other words, you should not close a buy transaction, if the fractal is lower than the Alligator’s Teeth, and you should not close a sell transaction, if the fractal is higher than the Alligator’s Teeth.
I know that we should add Alligator as the indicator with Fractal, so that they will work together.
PS : Alligator's Teeth (the red line).
But I don't understand the above underlined sentences.
Can you all guys be kind to share your opinions about it?
1. We should not close the BUY transaction = the existing BUY position should not be closed/liquided?
2. When can we open a buy/sell position, based on the Fractal and Alligator's Teeth Indicator?
Please help.
Thanks,
TONY RUSLY
in Indonesia