Three Fractals demo

This Expert Advisor identifies trend reversals based on fractals and some other indicators. It is a free lite version of Three fractals

Brief description of the trading strategy: when 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). Similarly, opposite for growth. In case other indicators allow trading, a trade is performed (their settings can be customized for optimization).

Limitations of the free version: lot is fixed to 0.01, only the EURUSD currency pair is supported, trading time cannot be selected, trailing stop is not available.


Input parameters

  • 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;
  • 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.
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MQL TOOLS SL
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Experts
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Experts
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Experts
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Experts
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Matthew Todorovski
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Matthew Todorovski 2018.05.10 14:29 
 

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