EA based on fractals

Automate Strategy

* Apply "fractals" indicator in tradingview by "William Fractals OR Igor_T" (Code is available, you can copy & modify easily)

* Open settings >> in Style section >> opposite the shapes and colors,

(Down Fractal >> Down Arrow & Red Color)

(Up Fractal >> Up Arrow & Green/Lime Color)

* Buy Condition: When the Up/bull fractal appear, buy on the very next candle opening.

* Sell Condition: When the Down/bearish fractal appear, sell on the very next candle opening.

* Stop Loss of Buy Order: Low of the candle on which fractal appear

* Stop Loss of Sell Order: High of the candle on which fractal appear

(When the opposite fractal appear, close previous trade open new trade respective to fractal)

Requirements

Options Inputs:

        Risk Management

·         Risk % per trade (open lot sizing according to stop loss pips count & risk per trade allowed) >> Customizable

·         Risk free trade (when to close half position & move stop loss to breakeven), by-default 0.5 Risk to Reward (RR), but changeable >> Customizable

·         Magic number for trades

·         Daily Target = 10% of the capital (if today’s target achieved, stop trading for today) >> Customizable

·         Max Daily Loss Allow 3% >> Customizable

Other

·      

• Timeframe >> Currant/All
• Can run on multiple pairs at same time
• Fractals should be visible on mt4
• Well written code by function wise
• Can be back tested
• No Martingale, Hedging
• It needs to close trades before weekends, and the EA shouldn’t trade during High impact news, a 5 minutes before & 5 after. 
• Close trades before 5 minutes of high impact news.
• Stop Trading 1 hour before ending NY session
• Can work on both mt4/mt5