Master the art of placing trades using Bill Williams Fractal Indicator on Expert Option
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Expert Option offers numerous trading indicators one of them is the Fractal indicator. The Fractal indicator is one of the most popular trading indicators that was developed by Bill Williams. In this article, I will explain everything about the fractal indicator and how you can use them to place high-quality trades and make big bucks using the same.
What is a Fractal Indicator?
The Fractal Indicator is based on the concept that the market is fractal in nature, which means that the patterns repeat themselves at different points.
The fractal indicator is the trend indicator that helps traders to identify the upcoming bullish and bearish trends. This indicator appears in the chart in the form of triangles either above or below the price. when you see the triangle above the price it signals that the security is currently dominated by the buyer however, a trend reversal is possible. Similarly, when you see the triangle below the price it signals that the security is currently dominated by the sellers however, a trend reversal is possible.
How to use Fractal Indicator on Expert Option
In order to add Fractal Indicator on Expert Option follow the step given below
Step 1: Log in to your Expert option account. In case you don’t have one click here.
Step 2: Kindly open your Expert option account and click on the indicator button.
Step 3: Now search for the Fractal indicator in the list and select the name
Step 4: Lastly you can configure the indicator. and once you are done click on apply.
Sell with bears crossing the low
When you see the fractal triangle above the price. It signals an upcoming bearish trend. however, firstly, you need to first mark low for that price. and once the price intersects the low of the candle it is the best opportunity to place a sell trade.
Buy with Bulls crossing the high
When you see the fractal triangle below the price. It signals an upcoming bullish trend. however, firstly, you need to first mark high for that price. and once the price intersects the high of the candle it is the best opportunity to place a buy trade.
Bill Williams fractal indicator is one of the most powerful indicator. There are multiple ways of using this indicator. However, I found the above trading strategy much more powerful than the other one. You can also combine this indicator with other trend indicators like Moving average, Rsi or Stochastic. The best way to understand this indicator is by practising this indicator on the Expert Option demo account and making note of mistakes you made and noting down how many trades you got correct. Once you start getting good results shift to Expert Option real account and make real bucks.