Description
This indicator provides an overview of both the last bear and bull fractal. The indicator shows whether the fractal in question is broken and is subsequently followed by a retest. Retesting the price level of a bear fractal after a break is a signal to go short. Conversely, a retest in the price level of a bull fractal after a break is a signal to go long.
Always use appropriate risk management!!
Use at your own risk!!
Would you be so kind to give a thumbs up if you download this indicator?
That will keep me motivated to create more of these awesome indicators.
Thank you!
Version history
Nov 23, 2020 -> minor updates
July 7, 2020 -> bugfix
July 3, 2020 -> Initial version
Check this instruction video where I'll show you how to apply the FractalBreak strategy and I'll show you how to activate this indicator in your own cTrader environment.
NOW AVAILABLE (Fully automated tradingbot on cTrader platform for FractalBreak strategy)
Soon I will release a bot that you can easily activate in your own cTrader software so that the bot takes all the work out of your hands to trade with this profitable FractalBreak strategy. The bot will automatically set the correct stoploss, takeprofit and applies additional risk management. I will explain how you can set up your own cTrader software in a few minutes to have this bot activated and optimized per market, timeframe and period via this strategy. This bot works in all markets, as long as the market is open.
Here's a sneak preview of some highly profitable markets:
cTrader backtest, EURAUD, from 1 July 2019 to 1 July 2020, starting balance € 10,000, ending balance € 20,138
cTrader backtest, EURNZD, from 1 July 2019 to 1 July 2020, starting balance € 10,000, ending balance € 26,729
cTrader backtest, GBPUSD, from 1 July 2019 to 1 July 2020, starting balance € 10,000, ending balance € 31,262
cTrader backtest, XAUUSD, from 1 July 2019 to 1 July 2020, starting balance € 10,000, ending balance € 35,915
Leave a comment below, and I'll notify you when this bot has been released on the cTrader platform.
Happy trading!!
My other cTrader products:
EMA 3 Crossing autotrading Bot (https://ctrader.com/algos/cbots/show/2309)
EMA 3 Crossing indicator (https://ctrader.com/algos/indicators/show/2286)
FractalBreak autotrading Bot (https://ctrader.com/algos/cbots/show/2282)
FractalBreak indicator (https://ctrader.com/algos/indicators/show/2274)
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;
namespace cAlgo
{
[Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class FractalBreakIndicator : Indicator
{
private Worker _indicatorFB = null;
[Output("BullFractals", LineColor = "Turquoise", PlotType = PlotType.DiscontinuousLine, Thickness = 1)]
public IndicatorDataSeries BullFractalBreak { get; set; }
[Output("BearFractals", LineColor = "Orange", PlotType = PlotType.DiscontinuousLine, Thickness = 1)]
public IndicatorDataSeries BearFractalBreak { get; set; }
protected override void Initialize()
{
// Initialize FractalBreak indicator
_indicatorFB = new Worker(this, BullFractalBreak, BearFractalBreak);
_indicatorFB.Initialize();
}
public override void Calculate(int index)
{
_indicatorFB.Calculate(index);
}
}
}
NiLo
Joined on 03.07.2020
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: FractalBreakIndicator.algo
- Rating: 5
- Installs: 4236
- Modified: 13/10/2021 09:54
