ULTIMATE FOREX EA

INDICATORS- Fractals(MT4 Bill Williams), Fractal-zigzag no-repaint (Set at zzdepth-3, zzdev-1)(attached), and Fibonacci tool.

Time frame is 15min.

Trading time is 8am to 4pm Nigerian time.

BUY ENTRY- Once price breaks the most recent Lower High price on a downtrend indicated by the most recent fractal-up and red arrow of Fractal-zigzag no-repaint  (labelled LEVEL A on the attached chart) by 2 pips+spread, we BUY.

EXITS:Stop loss is placed 2 pips below the most recent low before the entry (labelled LEVEL B on the attached chart) indicated by the most recent fractal-down and blue arrow.
Take profit 2 pips from 261 fibo extension level of LEVEL A and LEVEL B (labelled LEVEL C on the attached chart).

N.B- For re-entry in the same direction once price reaches 261, if a new lower high is formed, buy once price breaks it by 2 pips+ spread. The exits follow the same rules.

SELL ENTRY- Once price breaks the most recent higher low price on an uptrend indicated by the most recent fractal-down and blue arrow ofFractal-zigzag no-repaint  (labelled LEVEL A on the attached chart) by 2 pips, we SELL.

EXITS: Stop loss is placed 2 pips+ spread above the most recent high  before the entry (labelled LEVEL B on the chart) indicated by the most recent fractal-up and red arrow.
Take profit 2 pips from 261 fibo extention level of LEVEL A and LEVEL B. ( labelled LEVEL C on the attached chart).

N.B- For re-entry in the same direction once price reaches 261, if a new higher low is formed, sell once price breaks it by 2 pips. The exits follow the same rules. 

N.B- Close a position once a reverse entry signal occur, and open new position in the reverse direction. Also, move stop loss to breakeven once 15 pips is moved.