Power Fractals is a fully automated Expert Advisor using Fractals indicator.
The algorithm detect support and resistance based on highest and lowest fractal at a certain period then placing pending orders to trade, while aggressive mode is scalping the nearest fractals. This robot is actually combination of breakout strategy and scalping strategy with tight stoploss and trailing position, also does not use dangerous techniques like martingale or averaging.
This EA is available for all timeframes and recommended to use it on volatile currency pairs but do not recommended to use it on indices and commodities. Spread below 10 pips for 5-digit quotes and zero stoplevel are highly requisite for this EA to work properly.
- Expert Name - EA name and trades comment.
- Magic Number - EA identification number to identify trades.
- Aggressive Mode - True will activate aggressive mode that make this EA to trade more often.
- Fixed Lot Size - Fixed lot size.
- Activate Auto Lot Size - True if you want to activate auto lot size calculation.
- Auto Lot Risk - risk calculation to calculate auto lot size.
- Stop Loss - Stop Loss
- BreakEven - Break even to secure profit
- Trailing Start - Pip distance to trigger trailing order.
- Slippage - slippage.
- Max Spread Allowed - if spread goes higher than this value, EA won't trade and delete all pending orders.
- Max Pending Order Per Direction - Maximum pending order.
- Pending Order Expiration (in hour) - Pending order expiration in hour.
- Pending Order Distance - Distance of current price to pending order's price
- Volatile currency pairs.
- Do not use it on indice nor commodities.
- Low spread, below 10 pips for 5 digit quotes.
- Low commissions.
- Zero stoplevel.
- Account leverage at least 1:200
- 24/7 VPS hosting with low latency.