Chaos Fractals EA Setup - Setting Up Chaos Fractals Expert Advisor

Chaos Fractals EA Setup - Setting Up Chaos Fractals EA - A trader can come up with an Chaos Fractals EA based on the Chaos Fractals indicator explained below.

Chaos Fractals EA rules can be combined with other Forex trading indicators to come up with other Expert Advisor Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

Chaos Fractals Forex Trading Technical Analysis & Chaos Fractals Signals

Developed by Bill Williams

A fractal is formed by three price bars

It is used to detect the bottoms or the top.

Up Fractal- defined as a middle bar with two lower highs on each side (A- shaped)

Up Fractal - Chaos Fractals EA Setup

Down Fractal- defined as a middle bar with 2 higher lows on each side (V-shaped)

Up Fractal - Forex Chaos Fractals EA Setup

Forex Trading Technical Analysis & How to Generate Trading Signals

Break-Out Trading

The break out method of using fractals to initiate trades is to take trades based on the direction of a price breakout above or below most recent fractal.

Buy Signal

If price breaks above the most recent Up Fractal enter long.

Stop-losses should be set below the lowest low of the most recent Down Fractal or second most recent Down Fractal.

Buy Signal Break Out Trading - Forex Chaos Fractals EA Setup

Sell Trading Signal

If price breaks below the most recent Down Fractal enter short.

Stoploss orders should be placed above the highest high of the most recent Up Fractal or second most recent Up Fractal.

Sell Signal Break Out Trading - Forex Chaos Fractals EA Setup