The Fractal Graph Dimension (FGDI) indicator for Metatrader 5 delivers robust buy & sell trade entries that work for any trading style of your preference.
The Forex indicator shows up as a 3-color signal line in a bottom chart window of the trading platform.
How do you use it to your advantage?
- Three blue colored lines plotted above the middle gray line suggest a bullish trend.
- Three red/magenta colored lines plotted below the middle gray line suggest a bearish trend.
The Fractal Graph Dimension indicator can be effectively combined with other technical tools.
It is also capable of performing well as a standalone trading tool.
Customization options: period, line colors.
Please make yourself familiar with this technical indicator and test it first on a demo account before applying it to live trading.
It supports all time frames and Forex pairs.
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Chart Example
The following chart shows what the Fractal Graph Dimension indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Fractal Graph Dimension Indicator?
Find a simple trading strategy below:
Buy Signal
- A buy signal occurs when the 3 blue colored lines appear above the gray colored line.
- Open a buy trade @ market price and set a stop order below support.
- Close the buy trade for a fixed pip profit.
- Optional: hold and reverse the trade when a sell signal appears on the chart.
Sell Signal
- A sell signal occurs when the 3 red/magenta colored lines appear below the gray colored line.
- Open a sell trade @ market price and set a stop order above resistance.
- Close the buy trade for a fixed pip profit.
- Optional: hold and reverse the trade when a buy signal appears on the chart.
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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 FGDI.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
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration