fq master fractals - fxquickroutein day trading setups, we typically base our trades on midterm...
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FQ Master Fractals Simple but powerful tool that helps you analyze the market in different
degrees of time the right way.
As soon as you discover the potential of this tool, you will never open a
chart without it.
One-time payment of 100$ 1(One) license for 1(One) Device/Computer Lifetime Support and Updates Purchasing one of Fx Quick Route products entitles you
30% discount on all tools and systems and you automatically become a member. 7 Days 100% Money Back Guaranteed.
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For other useful tools and trading systems, Visit our website at
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FQ Tools
These are indicators used to help in any trading decision and improve the quality of trades. Tools help traders read market better and improve their analysis on market conditions and dynamics. These tools can be combined with other indicators to influence trading and judgment. The tools that the team creates are useful to any trading style.
FQ Master Fractals You can customize any period and choose any style you want the fractals to appear to suit your trading style.
• A tool all traders must have to visually determine market support & resistance in any degree of time • Essential in any strategy specially price action trading, ratio trading and wave counting. • Designed to be easily understood, determine market swing points in any timeframe whether M2, M5, M10, H8 etc. • This tool ‘Does not give Buy or Sell signals’, rather, helps confirm your signals • Enable the traders to understand market better as you understand how support and resistance develop in different degrees
of time simultaneously. • Fx Quick Route guarantees that this tool will be of great use to you. • Make sure you read every page to understand this tool.
Features
• Designed to be clean and simple, easy to understand • Multi timeframe, customize up to 8 different periods of your choice. Any timeframe will do. • Full control how each fractal look like to distinguish it from the other • Project fractal levels for easy reference • Alerts traders of possible forming support/resistance in any degree of time.
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What are Fractals?
Fractals indicate market turning points or swing points. Every support or resistance formed in our charts first starts with a fractal. Thus, fractals are one of the best tools especially when trading price action… or any other system. In any trading decision, it is critical to identify support and resistance areas whatever timeframe we are looking at.
How Fractals Work?
You can insert your regular MT4 fractals and see how they work. Fractals are triggered for at least 3 consecutive bars. The middle bar is the lowest or the highest. Fractals will print after the close of the 3rd bar; however, fractals will only be stable after the close of the 4th Bar.
Why Fractals? Fractal is used in trading as confirmation. It visually shows support and resistance without all the line being drawn in chart. Breaking fractals points are used to trade breakout setups. Forming fractals points on support and resistance areas of bigger timeframe fractals are used to trade reversals or retracements.
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Regular Fractals
Regular fractals are plotted in EURUSD M15 chart. These fractals define support and resistance points. The problem is we can’t determine where the important fractals are with respect to the time frame we are in. As a result, these fractals have little significance and tend to cause traders’ confusion.
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FQ Master Fractals
These fractals tell a different story. We can see a legend box that defines fractals of different periods. This gives us a clear defined picture from the “regular fractals”. It is convenient that in the 15 minute chart, we can see support and resistance of H4, H8, M30 and other timeframes. This helps us to analyze what part of the market we are at. You can customize any period and choose any style for the fractals to appear to suit your trading style. All features will be explained in the next parts of this manual.
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PERIODS and COMMENTS
First set your desired timeframes and enter the values in “Period1” to “Period8”. The timeframe format should be in minutes.
Example:
1 = 1 minute
20 = 20 minutes
480 = 8 hours
Periods1 to Period8 should be arranged in ascending order. “Period1” should be the shortest and “Period8” the longest.
Then set any comments for the periods. Enter in “P1_Comment” to “P8_Comment”
The comments you fill up will show on the legend box and will reflect on the alerts that you will receive.
You can type in any comment, as long as you think it’s relevant.
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VISIBILITY
You can set how many periods you want to show by setting the period into “True”.
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Set Colors and Sizes
You can change the colors and the sizes of fractals in each period for better identification.
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Set Symbols
Set the symbol codes of how you want fractals to appear.
You can use the symbols below as reference to fill in P1_Symbol to P8_Symbol.
“Use Numbers” set to true, will automatically set fractals in numbering order.
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“UseNumbers” set to true will name support/resistance to sequential numbers.
Use numbers to determine support and resistance in a sequential fashion. Number for 1 to 8, this can be easily understood by most people.
This example, we can identify that “4” is a 1Hour Support
This “4” is a 1Hour Resistance
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Project Support/Resistance
You can choose to project latest support and resistance of Period1 to Period8 for better visualization. Just set them individually to true.
“Show_Line_ALL” will automatically show all lines in all periods customized. No need to set to true individually.
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Projecting Fractals
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Other Settings
You can turn on Alerts, Email Alerts and Push Notifications on each
Period you desire. Very useful for alerting large developing S&R levels.
Legend, set to true will display the fractal legends/table on chart
Legend Corner, choose what side of the screen legend is located. 0 = TopLeft, 1=TopRight, 3=BottomRight, 4=BottomLeft
Font_Size, set size use in legend
CurrentPeriodFractal, if set to TRUE, fractals of the current timeframe will show. If set to False, only fractals of higher timeframe will show. This feature is important especially when we are in a lower timeframe and we don’t want to show the support/resistance of that timeframe, making charts cleaner because we are only looking at higher timeframe support & resistance levels.
MaxHistoryBars, how many past bars to scan
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CurrentPeriodFractal set to TRUE In EURUSD 30M, we can see the fractals formed in M30 timeframe as marked by blue on the Legend.
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CurrentPeriodFractal set to FALSE In the same chart above, the support and resistance of the current timeframe is not shown. This setting is used if we want a cleaner chart and we are looking for higher timeframe Support and Resistance areas to trigger our trade setups.
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SAMPLES: Day trading In day trading setups, we typically base our trades on midterm support and resistance area on 4hour and 8hour respectively. We check the lower timeframes like 15 minute or 30 minute to look for trigger which will serve as a basis of trade entry and use fractal periods on higher timeframes to spot support and resistance areas where we base our trades.
In this setup, we look for reactions on H4, H8 or H16 support and resistance and trade on 30M timeframe. Trading in lower timeframe lets us to read price action while watching important support / resistance on higher timeframe. If price breaks major H4 or H8 resistance, it can be a potential great breakout setup. If it is rejected by the resistance, it can be a good reversal setup.
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Price can possibly test H4 or H16 Support and continue the prevailing trend, or it can break the major support and breakout to the downside.
Understanding support and resistance, how they form and what degree of time you are trading them are very important to the success of any trading system. Trading not knowing your S&R levels is like trading blindly
If you are an experienced trader, this tool could be of great help, probably the only indicator you need in your charts. This tool is beneficial to newbies in identifying areas where the probability of winning trades are high.
Market support/resistance areas are greatly dependent to time because of the markets fractal nature. Time determines what degree is it. Whether scalping, day trading or swing trading.
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Clean Charts Showing Support and Resistance of Higher timeframes
This indicator is very helpful in price action and naked trading. You can only show important swings of higher timeframes. This example, we only show 4H, 8H, Daily and Monthly swing points.
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Improve analysis by projecting swing points and identifying them individually
Project your support and resistance lines to better analyze the picture.
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SAMPLES: Scalping In scalping setups, we base our trades in short term support/resistance. We can also quickly exit trades and enter on smaller time frame charts.
In this example, the support and resistance is set to M10 to H4. The current timeframe is 5minute but trading opportunities will be taken when price reaches M30 and above support or resistance. Price reaching higher timeframe swing points will also yield bigger moves either breakout or reversal setups.
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SAMPLES: Extreme Scalping We set very low periods of support and resistance. Like M1, M2 etc. Entering and exiting on the market very quickly. When scalping, don’t expect big moves, because you are only reacting to small timeframe supports and resistance.
In GOLD 1 minute chart, we set M1, M2, M3 & M5, M10 and M15 as minor swing points and base our trades on timeframes like M20 and M30.
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Helps you identify Larger Swings from your trading timeframe
In 5 minute chart, I can properly identify the swings I need to target. Using H1 support and Resistance to draw Fibonacci retracements and look for trading opportunities. With a visual reference where swings are, it would be easy and accurately for us to draw them with confidence.
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Identifying larger swings helps draw harmonic patterns better and easier.
Easy recognize patterns because we can determine support / resistance of bigger timeframes. In the M15 chart, we use higher timeframe swings to determine a pattern.
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Identifying swings to help in wave counting
Using swings of higher timeframes help count waves easier and more accurate.
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Simple, Clean but very powerful trading tool. This tool is designed to surely help you analyze the market better, easier and with confidence
With this simple tool, you will be amazed how much picture it gives you in the market.
It will help you to improve better understanding on identifying significant support and resistance levels, drawing swings, harmonic patterns and even Elliott wave counting.
To visualize the relationship of time and price as it creates market swing points is one of the most potent skills you need in trading. This tool will make it easier for you.
PERIOD RECOMMENDATIONS DAY TRADING (Period in Minutes) Default Setting
Period1 Period2 Period3 Period4 Period5 Period6 Period7 Period8 5 15 30 60 240 480 1440 10080 M5 M15 M30 H1 H4 H8 D1 W1
SCALPING (Period in Minutes)
Period1 Period2 Period3 Period4 Period5 Period6 Period7 Period8 3 5 15 60 30 45 60 240
M3 M5 M15 M60 M30 M45 H1 H4
SWING TRADING (Period in Minutes)
Period1 Period2 Period3 Period4 Period5 Period6 Period7 Period8 60 240 480 960 1440 10080 20160 43200 H1 H4 H8 H16 D1 W1 W2 MN1
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How to install using installer
1. Run “FQ - Master Fractals.exe” 2. Install in your chosen broker platform 3. Run your MT4 Terminal 4. Go to “Scripts” and double click “Get_PC_Code”
5. Send this code to: [email protected] 6. After we receive, we will send you the email and password that you will use for the indicator. 7. Insert “FQ - Master Fractals” to your chart 8. Check “Allow DLL imports” and “Allow external experts imports” 9. Enter the email & password that we have provided and click OK.
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How to install manually
1. Place “FQ - Master Fractals.ex4” on experts\indicators folder 2. Place “FQ - Master Fractals.dll” & “pccode.dll” on experts\libraries folder 3. Place “Get_PC_Code.ex4” on experts\scripts folder. 4. Run your MT4 Terminal 5. Go to “Scripts” and double click “Get_Pc_Code”
6. Send this code to: [email protected] 7. After we receive, we will send you the email and password that you will use for the indicator. 8. Insert “FQ - Master Fractals” to your chart 9. Check “Allow DLL imports” and “Allow external experts imports” 10. Enter the email & password that we sent you and click OK.