The Expert Advisor places pending orders above the high fractal and below the low fractal on the distance of "The point of creating order". When one of the orders triggers, the second is removed. Depending on the parameter "The number of orders in the series" the Expert Advisor works in two ways:
- "The number of orders in the series" = 1
It is a breakthrough Expert Advisor. If the fractal broken through upwards, buy with fixed TakeProfit and StopLoss. If the fractal is broken through downwards then sell. In this case the Expert Advisor risks only with % of the deposit specified in its settings ("Percentage of risk").
- "The number of orders in the series" > 1
This is the Expert Advisor with reversal orders. When one order triggers, another one is placed at StopLoss price with the other type and the increased volume (if there was a buy, a sell order is placed; in case the first order is closed by StopLoss, another sell order is instantly placed, etc.). The number of such reversals is limited by "The number of orders in the series" parameter.
When a new fractal appears, the pending order of the old fractal is removed. If the price is too close to the "The point of creating order" parameter, the pending order is not placed. The Expert Advisor includes a time filter for opening the orders.
The Expert Advisor displays messages in 5 languages (EN-English, RU-Russian, DE-German, FR-French, ES-Spanish).
Parameters ("Profit in point", "Loss in points", "The point of creating order", "Slippage") are set for 4-digit quotes. If the Expert Advisor works on a pair with 3 or 5-digit quotes, then the Expert Advisor multiplies the parameters by 10 by itself.
The Expert Advisor has flexible settings so each trader could adjust it to own work style. It has a custom optimization criterion (Custom max), which is an alternative for the standard optimization in the "Balance + min Drawdown" mode. A good solution for those who want to get a ready-made Expert Advisor for less money.
- Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish).
- Initial lot - initial lot;
- Profit in point - profit in points;
- Loss in points - loss in points;
- Expert working period - the working period (the Expert Advisor will work on the exact period, which is specified here, even if it is running on the chart whose period differs from the one set);
- The point of creating order - distance from fractals for placing orders;
- Lot increasing factor - lot increase coefficient;
- The number of orders in the series - number of orders in a series;
- Magic - magic number of the Expert Advisor;
- Percentage of risk (0-10), 0 - do not increase - lot increase depending on the free margin size - (1-10) percent (can be fractional, e.g. 1.5%), 0 - do not increase;
- Check margin before making a series of deals - check whether there is enough money to open a series of deals (during initialization of the Expert Advisor);
- The number of tries to create order (with requotes or other errors) - number of tries to create an order (with requotes or other errors);
- Slippage - slippage;
- Show log: 1-Yes, 0 - No - show the log: 1 - Yes, 0 - No;
- Time from - the date on which the Expert Advisor starts working;
- Time to - the date up to which the Expert Advisor works (if there is an open position, it continues to work till it is closed).
The Expert Advisor testing results:
GBPUSD (Every tick mode)
- №1 Variant 1 Fixed lot, one deal in a series
With the initial deposit of $10000 BreakFractals earned $3 520.68 at GBPUSD for the period since 1-st of January, 2012 to 9-th of December, 2012. Profit Factor is 2.2. The maximum drawdown of balance is 2.49%. The maximum drawdown of equity is 4.04%.
- №2 Variant 2 Fixed lot, five deals in a series
With the initial deposit of $10000 BreakFractals earned $19 346.19 at GBPUSD for the period from 1-st of January, 2012 to 9-th of December, 2012. Profit Factor is 2.2. Maximum drawdown of balance is 9.77%. Maximum drawdown of equity is 15.04%.
- №3 Variant 2 Dynamic lot - a percent of balance, three deals in a series
With the initial deposit of $10000 BreakFractals earned $110 105.16 at GBPUSD for the period from 1-st of January, 2012 to 9-th of December, 2012. Profit Factor is 2.36. Maximum drawdown of balance is 15.15%. Maximum drawdown of equity is 31.12%.
Gold (Every tick mode)
- Variant 2 Dynamic lot, two deals in a series
With the initial deposit of $10000 BreakFractals earned $55 184.61 at XAUUSD for the period from 1-st of January, 2012 to 90th of December, 2012. Profit Factor is 2.41. Maximum drawdown of balance is 14.99%. Maximum drawdown of equity is 20.82%
You can get similar results by downloading a demo-version of the Expert Advisor and testing it. Default parameters of the Expert Advisor are for GBPUSD №3.