FracLine

In today’s Forex market analysis, the use of advanced trading tools is essential. With a plethora of options available, one stands out in the crowd: FracLine Forex, a software that employs fractal-based trend lines to make informed trading decisions. This Forex software review will delve into the features, benefits, and strategies of using FracLine Forex.

Defining Fractal Trend Lines

Before discussing the software, it’s crucial to understand what fractal trend lines are. A fractal, in the context of this Expert Advisor (EA), is a sequence of nine candlesticks in which the middle one commands the highest (in an upward trend) or lowest (in a downward trend) value. The caveat here is that the fractal candle must be flanked by a minimum of four candles on each side, each closing at a price lower than the fractal candle’s high.

Working Mechanism of FracLine Forex

FracLine Forex operates at closing prices, which allows for testing and optimization at open prices. It can work on any time frame and tool, providing flexibility for traders. The key feature of this software is its use of fractals in determining the position to open a trade.

Opening a Buy Order

The steps to open a buy order are as follows:

1. It first identifies the correct sequence of fractals: up-dn-up.
2. The software then locates the nearest fractal pointing upwards.
3. Between the first and the second upward fractal, there should be a minimum of 10 candles. This number can be adjusted according to the trader’s preferences in the EA settings.
4. Next, a trend line is constructed based on the fractals, with the first point being the second upward fractal and the second point the first upward fractal.
5. The software will then look for the first candlestick that closed above the trend line, whereas the previous one closed below it. If such a situation occurs, a buy order will be opened at the opening of the next candlestick.

Opening a Sell Order

The steps to open a sell order mirror those for a buy order.

FracLine Forex: A Reliable Trading Tool?

FracLine Forex, with its unique fractal-based approach, is a valuable tool for traders who wish to incorporate advanced techniques into their trading strategies. Its flexibility in terms of time frames and tools makes it a versatile option for different trading scenarios.

Users can watch independent testing and subscribe to updates on the results of testing this product at forexroboteasy.com. We encourage users to share their experiences with the product to facilitate a more comprehensive understanding of its potential benefits and drawbacks.

Frequently Asked Questions

What are the prerequisites for a fractal in FracLine Forex?

In the FracLine Forex software, a fractal is a 9-candlestick pattern, with the central one being the maximum (in an upward movement) or minimum (in a downward movement). Moreover, to the left and right of the high fractal candle, there must be at least 4 candles each closing at a price lower than the high fractal candle.

Can the number of candles between the first and second fractal be changed?

Yes, the number of candles between the first and second fractal can be adjusted in the EA settings of the software.

Where can I watch independent testing of FracLine Forex?

Independent testing of the product can be viewed on the forexroboteasy.com website. You can also subscribe to updates on the testing results of this product on the same website.

This review is an independent assessment of FracLine Forex. It does not represent the views of the product’s developers or any related parties. It’s written to provide expert forex advice to traders exploring new forex trading strategies.