Simple Failover Mikrotik

Simple fail-over Mikrotik router configuration.
Most of the user wants backup link (Fiber link with Wireless backup), in case fiber down wireless link auto up. No downtime for the user. Here is simple setting on Mikrotik for fail-over.
I'm very great full to Anton to point out the mistake in src-address. It has been corrected now.

****default routes for new outgoing traffic.****
/ip route
add dst-address=0.0.0.0/0 gateway=ISP-GW-ADDR-1 distance=1 check-gateway=ping
add dst-address=0.0.0.0/0 gateway=ISP-GW-ADDR-2 distance=2

++masquerade both WAN connections++
/ip firewall nat
add chain=srcnat src-address=192.168.0.0/24 out-interface=WAN-1 action=masquerade
add chain=srcnat src-address=192.168.0.0/24 out-interface=WAN-2 action=masquerade

Thats it.