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Three Fractals

This Expert Advisor identifies trend reversals based on fractals and some other indicators. If the fractals were formed after a prolonged fall, and the last fractal did not update the minimum of the previous bar's lower fractal, then a trend reversal is determined (at the same time, there must be a fractal in the middle, which is higher than the others). In case other indicators allow trading, a trade is performed (their settings can be customized for optimization).

Input parameters

  • Lots - lot size (if Lots=0, then the lot will be calculated based on the percentage of account free margin);
  • Percentage of free money - percentage of free margin to open each new trade (applicable when Lots=0);
  • MaxSpread - the maximum allowable spread to open trades (for floating-spread symbols, to avoid opening with a large spread);
  • Magic - unique identifier (use different magic numbers if multiple Expert Advisors run in your terminal);
  • StopLoss - stop loss in points;
  • TakeProfit - take profit in points;
  • Stop to breakeven after - move stop loss to breakeven after a specified number of points;
  • TrailingStopValue - trailing stop value in points (distance from the current price of the currency pair), if set to 0, trailing stop is not used;
  • OrderComments - comments of opened orders.
  • FastMAPeriod - period of the fast moving average.
  • SlowMAPeriod - period of the slow moving average.
  • EnableMACD - enable/disable the MACD indicator.
  • MACDPeriod1 - period of the first MACD line.
  • MACDPeriod2 - period of the second MACD line.
  • SignalMACD - period of the MACD signal line (0 - do not use the signal line).
  • AdxPeriod - ADX indicator period.
  • MinAdxLevel - ADX indicator minimum level.
  • MaxAdxLevel - ADX indicator maximum level.
  • Trading start hour - trading start hour.
  • Trading end hour - trading end hour.

Some test results and settings are available in the Comments section.

Eric Ruvalcaba
Eric Ruvalcaba 2018.01.06 07:12 

Found it hard to use on forward after optimization, tends to get on the curve fitting grounds.