Fractal Channel Breakout MT4

• If you use Bill Williams fractals in your technical analysis, you must also include it in your trading arsenal.
• It can be very effective and useful for stop-loss trailing.
• A new market trend often emerges after a fractal channel breakout in a new direction.
• It implements all Metatrader alerts.
  
  

According to Bill Williams, an Up-Fractal is a series of "five" consecutive bars with the highest high in the middle and two lower highs on both sides.

And a Down-Fractal is a series of "five" successive bars with the lowest low in the middle and two lower lows on both sides.

A fractal is a point where price has failed to continue and end up making a new high or low. When price breaks these fractal points, it can be a strong indication of a trend continuation or a start of the new trend.