Our specialty is AUDUSD but our Technical Analysis is Great. This is a Live Test and a Tutorial on an Entry SIgnal called Fractal. We use it a lot when making trading decisions and you can use it too.
Here are parameters you can add to your Trading Bot: 0) First Candle High 1) First Candle Close 2) Second Candle High & Close if (Second Candle Close < First Candle Close) and (Second Candle High > First candle High) # once the first statement passes, we check the third candle 3) Third Candle Close If (Third Candle Close < First Candle Close) or (Third Candle Close < Second Candle Close) Once all the Parameters are Complete, we move to code execution.
NOTE: Sometimes the movement starts before the third candle closes. We sometimes move to a few candlesticks lower to get a better view. 1D, 4HR, 15M, and 3M Depending on where the Fractal is Identified.
NOTE: This Is not a stand-alone INDICATOR. We combine it with Support and Resistance. We combine it with Price Pattern Analysis. We combine it with Fundamental Analysis
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