The Fractal DeMarker indicator for Metatrader 5 combines Fractals + DeMarker and delivers robust trade entry signals for any Forex pair.
The indicator works great for identifying optimal trade entry prices in trending market environments.
Understanding the indicator:
- The market is considered oversold when the Fractal DeMarker indicator reaches the 0.30 value.
- The market is considered overbought when the Fractal DeMarker indicator reaches the 0.70 value.
The following indicator inputs and parameters can be modified: Fractal period, DeMarker period, colors, and line style.
The indicator works for any trading instrument supported by the MT5 charting platform.
Make yourself familiar with this technical indicator and test it first on a demo account before using it on a live trading account.
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Fractal_DeMarker.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Fractal DeMarker Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The Fractal DeMarker Indicator?
Find a simple trading strategy below:
Buy Signal
- The overall currency trend should be trending up.
- Wait for the blue line to cross back above 0.30 from below.
- Open a buy trade and place your stop loss below support.
- Exit the buy trade for a risk to reward ratio of at least 1.
Sell Signal
- The overall currency trend should be trending down.
- Wait for the blue line to cross back below 0.70 from above.
- Open a sell trade and place your stop loss above resistance.
- Exit the sell trade for a risk to reward ratio of at least 1.
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Fractal_DeMarker.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Fractal_DeMarker.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- To access the indicator list, simply open the dropdown menu and select it
- Click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration