EA Required for trading fractals and consecutive candles

Fractal 3 candle ea

This EA trades in two different ways. Bill Williams’s fractal and three consecutive candles with martingale.

Fractal trading (Make True for this signal to be used)

3 Consecutive candles (Make true for this signal to be used)

(If both are true then both signals will be traded)

Martingale (Make true for martingale to be used or false to be ignored and not use martingale)

Fractal trading

When fractals appear on top of the candles then sell trades will be opened

When fractals appear on the bottom of the candles the buy trades will be opened

1. See pic Fractal trades Sell

A fractal will appear on top of a candle. As soon as it appears then a sell trade must be opened.

Set stop loss 1 pip above the candle that follows the fractal candle.

Set take profit according to the pips in the trade settings. (This will be the same for all trades)

If take profit is hit then the next trade will the original lot size

If the stop loss is hit then the next level in martingale lot size will be used (See martingale levels in next sections)

2. See pic Fractal trades Buy  

A fractal will appear on the bottom of a candle. As soon as it appears then a buy trade must be opened.

Set stop loss 1 pip below the candle that follows the fractal candle.

Set take profit according to the pips in the trade settings. (This will be the same for all trades)

If take profit is hit then the next trade will the original lot size

If the stop loss is hit then the next level in martingale lot size will be used (See martingale levels in next sections)

3. See pic Ignore

Sometimes fractals will appear on both the top and bottom of a candle at the same time. Do not trade when this happens. So it must just be ignored.

4. See pic consecutive fractals

When fractals appear on two candles directly after each other.

If a trade is open from the first fractal and the second fractal appears then close the first trade (close on opposite signal). And open a new trade in the direction of the second candle.

If it closes in a loss then trade lot size in next level of martingale. If in profit then close trade and open in original lot size of trade settings.

Consecutive candle trades

1. See pic 3 Consecutive candles BUY

First we must have a red or bear candle.

Followed by three green or bull candles.

Once the third green/bull candle closes the open a buy trade.

Set stop loss 1 pip below the 3 ^rdgreen/bull candle

Set take profit in pips that is set in trade settings

2. See pic 3 Consecutive candles SELL

First we must have a green or bull candle.

Followed by three red/bear candles.

Once the third red/bear candle closes the open a sell trade.

Set stop loss 1 pip above the 3 ^rdred/bear candle

Set take profit in pips that is set in trade settings

Martingale

Martingale must be able to be turned off. If True martingale will be used. If false then no martingale.

When a trade is in profit or a win then the original lot size will be used for the next trade that is in the trade settings.

If a trade is lost then the lot size will be increased for the next trade. Normally this is by multiplying the original or last lot size. (ie 0.2) I would like to enter each lot size that is used in the trade settings.

After 1 loss then martingale level 1 lot size will be used (ie 0.6)

After 2 consecutive losses the martingale level 2 lot size will be used (ie 0.9)

After 3 consecutive losses then martingale level 3 will be used (ie 2.8)

After 4 consecutive losses then martingale level 4 will be used (ie 4.5)

After 5 consecutive losses then martingale level 5 will be used (ie 8.0)

After 6 consecutive losses then martingale level 6 will be used (ie 10.0)

After 7 consecutive losses then martingale level 7 will be used (ie 14.0)

After 8 consecutive losses then martingale level 8 will be used (ie 0)

After 9 consecutive losses then martingale level 9 will be used (ie 0)

If any Level is set to zero after a number of losses then use original lot size in trade settings. So it will start from the beginning.

When a trade is in profit or won then lot size must go back to original lot size in trade settings.

Loss count must be the total losses in a row from the fractal trades and the consecutive candle trades.

General

Only one trade can be opened at a time on a pair