Spezifikation
Im looking for an IT who can make me this easy simple EA.
It is absolutely simple Fractal Break Out strategy.
Entry: Set up Pending orders (PO) BUY STOP at 1pip over last upper Fractal and SELL STOP at 1pip under last lower Fractal.
SL: at PO BUY STOP - at the SELL STOP (1pip under last Fractal). At PO SELL STOP - at the BUY STOP (1pip over last upper Fractal)
TP: Trailing Stop according SL. Always when is new Fractal created, SL will be moved. If there is a long trend, SL will be moved to 1pip under last lover fractal and at the same time PO SELL STOP will be moved to the same price as SL.
If there is a short trend, SL will be moved to 1pip over last upper Fractal and PO BUY STOP will be moved to the same price as SL.
Ther are 2 Problems, why it could be problem created EA:
1. The Fractal is completaly finished when the last 5th candle of Fractal is finished. It happen very often, that Fractal appears but the last 5th candle is not finish... the price make short move up and down and Fractal desappear. It means, the EA must be able to moved SL and opposite PO after finishind 3th candle after Fractal.
2. Sometimes is very small volatility and the Fractal is creating very close to price - less then 5 pips. Which means, SL and opposite PO can NOT be moved to 1 pip over/under last Fractal.
These 2 Problems is no Problem handle it, if you trade manualy. But for an EA it can be a problem.
I have seen some EAs on forums similar like this, but NON of them did works properly. Id like to pay for this job and wants finaly complete EA.
This strategy works very well in trend markets, which means: only in some days and even in only some part of the days, which i have been testing and trading for some time.
I will be luky if some IT write me and create me this EA.
Many thanks, M
ben13q(at)yahoo.co.uk