Bollinger Bands and Fractal trading strategy is simple MT4 trading system that uses two classical indicators. It has been tested on live account for three months and has profitability of 67%. For Bollinger Bands and Fractal trading strategy you will need two classical indicators. Bollinger Bands (period 14 , deviations 2) and Fractal indicators .
You can easily Find these indicators in MetaTrader 4 platform, but we have included them in the download section just in case. Most recommended pair to use this strategy is GBPUSD 1H, but it can also be used on other main Forex pairs.
How to use Bollinger Bands and Fractal trading strategy
Once you have prepared your MT4 for trading Bollinger Bands and Fractal trading strategy then you have to wait trading signals to open pending orders, it will be buy stop order or sell stop order. After identifying the signals you’ll have to place pending order, set stop loss, take profit, or trailing stop levels.
Conditions to buy
The signal will be clearly visible. When Fractal will appear above Bollinger Bands upper band place a buy stop pending order on candle high where the fractal formed.
Conditions to sell
The signal will be clearly visible. When Fractal will appear below Bollinger Bands lower band place a sell stop pending order on candle low where the fractal form.
Stop loss, take profit, trailing stop, order expiration time
Stop loss level should be set instantly after placing an order. Recommended stop loss level is the middle of the candle where the fractel formed. Take profit level recommended is 100% from stop loss. For example if stop loss is 30 pips then take profit will be the same, 30pips. Recommended trailing stop is 5 pips. You can set trailing stops easily for each order in MetaTader 4 like in the example.
Download Bollinger Bands and Fractal trading strategy
You can download Bollinger Bands and Fractal trading strategy for free by clicking the “Download” button located at the bottom of the screen.
Create your own custom EA or indicator
If you would like to create your own custom indicator or an EA, please contact AtoZ team saying “I want to create my own EA/indicator,” and describing your desired tool. Also, don’t miss out on various other indicators and EAs you can find in our database here.
How do you add MT4 trading strategy?
In order to install this indicator on your MT4, you need to:
1. Click the “Download” button above to download Fractal trading strategy;
2. Save the file to your computer;
3. Extract and move the files into;
4. Restart your Metatrader platform;
5. Click the “Indicators” button in Metatrader toolbar;
6. Select “Custom”;
7. Search and select “Bands” and “Fractal“.ex4 indicators;
8. Adjust settings or press OK to add the two indicators to your selected chart;
Note: Bollinger Bands and Fractal trading strategy was developed by AtoZ Markets. AtoZ Markets carry copyrights over this trading tool.