*** Updated - FractalBreak Indicator Indicator | Algorithmic Forex Trading

*** Updated - FractalBreak Indicator free

by NiLo in category Trend at 03/07/2020

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.

FractalBreak Indicator

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)

Contact- and sales information
For more info you can contact me via my YouTube channel (see video above) or Twitter (@NiLo_Trading).
Usage of this indicator is free. If you want to get rid of of the 'free version' texts you should buy the automated trading bot and indicator in one package on Gumroad:
https://app.gumroad.com/products/lDdnP

Download

3263 downloads
How to install

Notification Publishing copyrighted material is strictly prohibited. If you believe there is copyrighted material in this section you may use the Copyright Infringement Notification form to submit a claim.

Formula / Source Code

Language: C#
Trading Platform: cAlgo, cTrader

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);
        }
    }
}

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);
        }
    }
}

Comments

malleswaramma.ram - July 05, 2020 @ 12:35

Yes Bro, It is excellent strategy. Thank you so much for your Indicator. looking for this type of indicator for long. i am waiting for cbot

NiLo - July 07, 2020 @ 10:02

The bot has been released yesterday. You can find it in de Algorithms\cBot section.

matt92 - July 12, 2020 @ 05:52

Pretty cool. Try, when a fractal breaks, for eg. a bullish fractal breaks.. then it sometimes (usually) pulls back, creating another bullish fractal, enter short on completion of that fractal. sl behind previous bearish fractal. https://gyazo.com/b2d404a39d86e6bb975e236796d93e87

dinhhongduc.dhd - September 03, 2020 @ 05:26

bạn có phiên bản trải nghiệm chứ

supreme3010 - September 22, 2020 @ 01:08

@Nilo, how can we contact you to clarify some questions?

I am thinking to get that bundle you have.

What kind of notification you included? Email or TG or both ?

Any chance you can provide some time trial or trial on demo account to give some forward testing. I don't trust the pure backtesting thing.

Anyone has experience or results with it?

NiLo - November 23, 2020 @ 16:42

@Supreme3010, unfortunately there is no notification mechanism on the messages I receive here in the cTrader platform, so I'm sorry for the late response. The notifications in the autotrading bot are email based. That is currently the only method of notifications that is supported by cTrader.

trading.ternet - November 29, 2020 @ 00:00

Hi Nilo,
I have bought fractal breakout EA some month ago.
Is it possible to get update ?
Many thanks

Michel

xeulav - December 10, 2020 @ 08:24

Hello Nilo,

Do you accept indicator requests? If so, how could I contact you for more information please?

Thank you!

mrap82 - August 02, 2021 @ 16:58

hi, whats the web adress to buy this indicator and trading robot? Cose I cant find it...

NiLo - September 13, 2021 @ 17:13

For requests, you can always send a PM through Twitter to @NiLo_Trading