Fractal Breakout Strategy RE-DESIGNED part 1

This video will show you how to redesign a strategy into your own fully fledged trading plan. It is one in a series of videos which will teach you how to customise any trading methodologies and make them profitable for you. This video series will focus on Bill Williams Fractal Breakout Strategy and how you can modify/optimise it to its potential.

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Category:

Howto & Style

Tags:

• Fractal Breakout Strategy
• bill williams
• fractals
• fractal breakout
• fractal
• breakout
• strategy
• forex fractal trading
• forex
• trading

[gutrp]

good video. but it would be interested to see also in range bound market

[ExpertTrading]

@gutrp thanks, yeah the simple version of the strategy really eats into any gains in a range bound market.

[SilverShamrock71]

How about using an intraday short term time frame for triggers, 5 or 15 minute, but building in parameters from longer time frames (eg. only taking triggers if they line up with the longer term trend on the 4 hour and daily), you could also build in time of day parameters (eg. London open break out and usual morning trend etc. etc.), just kicking around a few ideas... Also of course there is the need to identify trending or range bound conditions...

[ExpertTrading]

@SilverShamrock71 excellent idea. I think incorporating the different time frames will be essential to improving the results of this strategy. I will keep that in mind for my next video.

[onlyme05]

awesome keep it up! I cant wait for the next video.

[ExpertTrading]

@onlyme05 thanks!

[t20trader]

Excellent video. Where are the next parts ....... ? Cheers.

[SilverShamrock71]

@ExpertTrading great, as you yourself mentioned due to the current volatile nature of the forex market I think false signals is one of the biggest problems with the system, building in a requirement for multi-time frame confluence could be a way of filtering false signals and reducing their impact on overall system performance. I look forward to your next video.

[ExpertTrading]

@mattc941 you don't always have to look at volume. I know at least 7 professional traders (including myself) who never look at volume. Every trader trades differently. Some use volume, some use stochastic, MACD etc... some don't use any and just look at price action. I know a trader who has been in the game since 1979 and has never even glanced at volume.

You cannot look at any trading tools in isolation. What works for you may not work for someone else.

[ExpertTrading]

@Eagledives thanks for your feedback. The strategy is TOO simple at the moment. In the next few videos I will add different tools and test them all out to optimise it. The results for the three years are nearly complete, then I will share it with you.

[787bud1]

Question: Why not trade the actual fractal signals in the opposite direction...e.g., trade the upper fractal signal as a short trade until you hit a bottom fractal signal and vise versa?