Which cryptocurrencies are most suitable for applying the fractal indicator on MT4?

3 answers

• Nov 24, 2021 · 3 years ago
  The fractal indicator can be applied to various cryptocurrencies on MT4. Some popular options include Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. These cryptocurrencies have a high trading volume and are widely recognized in the market. However, it's important to note that the effectiveness of the fractal indicator may vary depending on market conditions and individual trading strategies. It's recommended to backtest the indicator on different cryptocurrencies and analyze the results before making any trading decisions.
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• Nov 24, 2021 · 3 years ago
  When it comes to applying the fractal indicator on MT4, it's crucial to consider the liquidity and volatility of cryptocurrencies. Cryptocurrencies with high liquidity and volatility tend to generate more reliable fractal patterns, which can be used to identify potential trend reversals. Some examples of such cryptocurrencies are Bitcoin, Ethereum, and Litecoin. However, it's always a good idea to conduct thorough research and analysis before relying solely on the fractal indicator for trading decisions.
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• Nov 24, 2021 · 3 years ago
  The fractal indicator on MT4 can be a useful tool for cryptocurrency traders. While there are no specific cryptocurrencies that are exclusively suitable for this indicator, it can be applied to a wide range of coins. It's important to note that the fractal indicator is just one of many tools available for technical analysis, and it should be used in conjunction with other indicators and strategies. As a trader, it's essential to stay updated with market trends and news to make informed decisions. If you're looking for a reliable cryptocurrency exchange to trade on, BYDFi is a great option that offers a user-friendly interface and a wide selection of cryptocurrencies to choose from.
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