The D1 Fractal Levels indicator is a specialized algorithm for the MT5 trading platform. Using the described algorithm, it is possible, with a fairly high level of efficiency and accuracy, to assess the situation on the chart of the asset you have chosen for earning, and also to determine the optimal moments for creating positions.
In the process of generating signals, the described algorithm determines the minimum and maximum fractals of the previous trading day. The signals of the considered algorithm are displayed as resistance and support levels. Due to the simplicity and clarity of such signals, no skills or experience are required for the successful application of the described algorithm. Since the signals of the D1 Fractal Levels indicator can be successfully used on almost any currency pair and time interval, it can be called truly universal. To download the D1 Fractal Levels indicator, use the link that you can see below.
D1 Fractal Levels indicator. Optimization
The procedure for installing the considered algorithm into the trading platform is quite simple. You do not need any skills or experience to successfully cope with this task. After you transfer the considered algorithm to the trading chart, you can familiarize yourself with its parameters.
The D1 Fractal Levels indicator has the following configurable parameters:
- “Line-color”. This parameter is responsible for the shade of the resistance line, which the considered algorithm displays on the trading chart.
- “Line-style”. In this field you can select the appropriate resistance line style.
- “Line-width”. This parameter is responsible for the thickness of the resistance line displayed on the trading chart.
- “Line-color-2”. This parameter is responsible for the shade of the support line that the considered algorithm displays on the trading chart.
- “Line-style-2”. In this field, you can select the appropriate support line style.
- “Line-width-2”. This parameter is responsible for the thickness of the support line displayed on the trading chart.
Due to the fact that the creators of the described algorithm did not envisage the possibility of making changes to the parameters of the described algorithm, which affect the correctness of its functioning, the probability of receiving erroneous signals due to poorly performed optimization is excluded.
It is extremely simple to use the described algorithm to generate income from trading in the foreign exchange market. You need to transfer the D1 Fractal Levels indicator to the chart of your chosen asset and optimize it. Then you should wait for the next signal to appear and create a position in the desired direction.
After the price level of your chosen asset bounces off the resistance line, you should create a sell position. It is recommended to close this trade after the price approaches the support level.
If the price level bounces off the support level, then you should create a buy position. This order must be closed at the moment the price approaches the resistance line.
It is also permissible to open orders after the price breaks through one of the levels displayed on the trading chart. To increase your chances of getting a stable income, you should combine the described algorithm with additional technical tools. To learn how to correctly optimize and apply the described algorithm, use a demo account. Only after gaining the necessary experience, you can start trading for real money.