WMX Williams Fractals strategy V4
Strategy Premise
The fractal indicator is based on a simple price pattern that is frequently seen in financial markets. Outside of trading, a fractal is a recurring geometric pattern that is repeated on all time frames. From this concept, the fractal indicator was devised. The indicator isolates potential turning points on a price chart. It then draws arrows to indicate the existence of a pattern. The bullish fractal pattern signals the price could move higher. A bearish fractal signals the price could move lower. Bullish fractals are marked by a down arrow, and bearish fractals are marked by an up arrow.
Strategy Logic
Long Entry: When closing Price crossover Lower or down Fractal and closing Price Grater Than open Price, Send LE.
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and SE Condition send LXSE
Short Entry: When closing Price crossover Upper or UP Fractal and closing Price Less Than open Price, Send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and LE Condition send SXLE
WMX Williams Fractals Strategy Parameters for TradingView Charts
Intraday Trade Session: Entry Trade Will be Taken only in this session.
EXIT Session: Trades will be squared off in this timeframe
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Setting Up Alert
Before setting up an alert make sure that You have selected the desired script, timeframe, strategy settings, API bridge is configured and running. Click in settings add alert and paste {{strategy.order.comment}} in message box.
Important: do not change any settings during live trading.
The fractal indicator is based on a simple price pattern that is frequently seen in financial markets. Outside of trading, a fractal is a recurring geometric pattern that is repeated on all time frames. From this concept, the fractal indicator was devised. The indicator isolates potential turning points on a price chart. It then draws arrows to indicate the existence of a pattern. The bullish fractal pattern signals the price could move higher. A bearish fractal signals the price could move lower. Bullish fractals are marked by a down arrow, and bearish fractals are marked by an up arrow.
Strategy Logic
Long Entry: When closing Price crossover Lower or down Fractal and closing Price Grater Than open Price, Send LE.
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and SE Condition send LXSE
Short Entry: When closing Price crossover Upper or UP Fractal and closing Price Less Than open Price, Send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and LE Condition send SXLE
WMX Williams Fractals Strategy Parameters for TradingView Charts
Intraday Trade Session: Entry Trade Will be Taken only in this session.
EXIT Session: Trades will be squared off in this timeframe
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Setting Up Alert
Before setting up an alert make sure that You have selected the desired script, timeframe, strategy settings, API bridge is configured and running. Click in settings add alert and paste {{strategy.order.comment}} in message box.
Important: do not change any settings during live trading.