Double Fractal Entry MT4
- Indicators
- Version: 1.0
- Activations: 5
Double Fractal Entry generates precise entry signals based on smart fractal breakouts or rebounds. It visualizes market structure with dynamic channels and plots clear SL/TP levels. A powerful tool for trend and reversal traders.
This product is also available for MetaTrader 5 => https://www.mql5.com/en/market/product/143601
The indicator generates entry points based on two configurable strategies:
- Fractal Breakout – when price breaks the last key fractal;
- Fractal Rebound – when price bounces from a recent fractal area.
Each signal comes with an automatically drawn entry line, Stop-Loss, and Take-Profit levels based on the structure of opposite fractals, making trade planning precise and consistent.
🔍 Key Features:
- Visual connection of upper and lower fractals (fractal channel);
- Two flexible entry strategies: breakout or rebound;
- Automatic SL and TP levels based on fractal range logic;
- Customizable fractal sensitivity and visual settings;
- Alerts, push notifications, and email support;
- Works on any instrument and timeframe.
💡 How to Use:
Use the indicator as a directional tool to enter trades when price breaks through or rebounds from key fractals. It fits both trend-following and counter-trend strategies. Ideal for traders who value clarity, market structure, and disciplined risk management.
Input Parameters:
| === RATES HISTORY CALCULATIONS === | History bar calculation settings. |
|---|---|
| Calculate History From Bar Shift | The bar (by index from the current) from which history calculation starts. |
| Calculate History From Bar DateTime | The date and time of the bar from which history calculation starts. |
| === FRACTALS === | Fractal settings. |
|---|---|
| Fractals Number Of Bars | Number of bars used to build each fractal. |
| === POSITIONS === | Position settings. |
|---|---|
| Positions Open Type | Entry type: By Fractal Breakout – breakout of the fractal; By Fractal Rebound – rebound from the fractal. |
| Positions Stop-Loss Ranges | Stop-Loss distance (measured in the number of ranges between opposite fractals). |
| Positions Take-Profit Ranges | Take-Profit distance (measured in the number of ranges between opposite fractals). |
| === GRAPHICS === | Visual settings. |
|---|
| --- FRACTALS --- | Fractal visualization settings. |
|---|---|
| Fractals Up Color | Color of upper fractals. |
| Fractals Down Color | Color of lower fractals. |
| Fractals Width | Line width for fractals. |
| Fractals Channel Width | Width of the channel connecting the fractals. |
| --- POSITIONS --- | Position visualization settings. |
|---|---|
| Positions History Show Count | Number of previous entries to display. |
| Positions Open Color | Color of the entry arrow. |
| Positions Open Width | Width of the entry arrow. |
| Positions Stop-Loss Color | Color of the Stop-Loss line. |
| Positions Take-Profit Color | Color of the Take-Profit line. |
| Positions SL & TP Style | Style of the SL and TP lines. |
| Positions SL & TP Width | Width of the SL and TP lines. |
| === NOTIFICATIONS === | Notification settings. |
|---|---|
| Send Alert Notifications | Enable standard alerts. |
| Send Push Notifications | Send push notifications. |
| Send E-Mail Notifications | Send email notifications. |
