Fractals

To install Fractals on the chart, we will click the button Indicators at the toolbar and in the appeared menu we will choose Bill Williams - Fractals

We will not change the settings. 

Bill Williams's fractals is the first measurement of the market 

Fractal on Buy is a series from five consecutive bars in which before the highest maximum and behind it there are about two bars with lower maxima.

Fractal for sale is a series from five consecutive bars in which before the lowest minimum and behind it there are about two bars with higher minima.

Fractals on Buy and on Sell can consist of the same bars. Fractals give the following signals: if the fractal on Buy is above Teeth of the Alligator (the red line), 

then the Pending order Buy Stop for the position opening needs to be placed on 1 pips above a maximum of bar on which the fractal was formed; 

if the fractal on Sell is below Teeth of the Alligator,  

that the Pending order Sell Stop needs to be placed on 1 pips below a minimum of bar on which the fractal was formed. 

If the fractal on Buy was formed below Teeth of the Alligator or a fractal for Sell - above Teeth of the Alligator, such transaction should be omitted in order not to feed the Alligator. 

Fractals will be active until their destruction, or before emergence of a new fractal in the same direction (in this case the previous signal is cancelled, and the postponed order is removed). It is crucially important, where was the fractal destroyed so on what bar it is necessary to enter into the market after overcoming of a fractal. If this bar is outside Teeth of the Alligator, then such transaction is allowed.

Fractals are the first measurement of financial market. Any entrance to the market begins with overcoming of a fractal. Only after the first fractal was overcome, we begin to accept signals from another dimensions for opening of new positions in the direction of the first signal. Signals from future fractals in the direction of the first transaction will also form the basis for opening of additional positions.

Good luck!!

It is possible to discuss this strategy at forum