Full Fractals MT5

Designed as an element of Bill Williams’ trading strategy, the Full Fractals MT5 Indicator has transformed Forex Trading by helping investors pinpoint price reversal points on the price chart, consequently identifying support and resistance levels.

Understanding the Fractals MT5 Indicator

The Full Fractals Indicator, an enhanced version of the basic Fractals, is a valuable tool in the MT5 Platform. Its uniqueness lies in the fact that it uses five candles to the left and two to the right of the main candle to construct a fractal. Moreover, Full Fractals identifies levels where the price has remained stagnant for a period.

Displayed as up and down arrows on a key candle, Fractals provide the foundation for establishing support and resistance levels. The indicator highlights these levels on the chart where several fractals have occurred approximately at the same level. These levels qualify as robust levels that can be traded for a bounce or a breakout and retest of the same level.

Enhancements in the Full Fractals Indicator

The Full Fractals Indicator has evolved into a more profitable and stable tool, thanks to its latest version V4. This new version has significantly improved the Forex Strategies for traders, making the Full Fractals Indicator a popular choice for Technical Analysis amongst Forex traders.

Although the Full Fractals Indicator is not a comprehensive trading system in itself, it serves as a foundation upon which a full-fledged trading strategy can be developed. It is highly recommended to incorporate the Full Fractals Indicator as part of the Owl Smart Levels trading system, which includes the basic principles of trading on a global trend and three simple, century-tested indicators.

Applicable Markets for Full Fractals Indicator

One of the significant advantages of the Full Fractals Indicator is its versatility. It is equally effective in the Forex market, stock market, commodity markets, and indices. Even in the relatively young cryptocurrency market, the Indicator has demonstrated its efficiency by providing a clear understanding of the market phase.

Full Fractals Indicator Settings

The Full Fractals Indicator offers several customizable settings to adapt to various trading strategies and market conditions. For instance, the ‘Candles on the left’ setting determines the number of bars on the left to build a fractal, while ‘Candles on the right’ decides the number of bars on the right to build a fractal.

Other settings such as ‘Support and resistance levels’ enable the display of support and resistance lines on the chart. The ‘Continuation of lines (bars)’ setting allows users to specify the number of candles by how much to extend the lines to the right of the extreme fractal.

FAQ Section

Where can I find independent testing on the Full Fractals MT5 Indicator?

Independent testing of the Full Fractals MT5 Indicator is available on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product.

Can I share my experience using this product?

Yes, readers are encouraged to share their experiences using the Full Fractals MT5 Indicator. Such feedback is invaluable for other users and the developers of the Indicator.

In conclusion, the Full Fractals MT5 Indicator has proven to be a powerful tool in the Forex Trading industry, offering valuable insights and strategies for traders. Its ability to identify critical price reversal points has made it a staple in many traders’ toolkits, enabling them to make informed decisions and ultimately improve their trading outcomes.