Fractal Trend Master
- Experts
- Marcus Vinicius
- Version: 1.4
- Updated: 11 September 2024
The Fractal Trend Master is an advanced Expert Advisor that applies the trading system developed by Bill Williams, combining the Alligator indicator with fractals to identify and follow market trends. It opens buy positions when an upper fractal forms above the Alligator's teeth line, and sell positions when a lower fractal forms below the Alligator's teeth line. This EA is ideal for traders seeking a robust, automated system based on solid technical analysis.
You can use any timeframe; however, on lower timeframes, signals are more frequent but may be of lower quality. On H4 and higher timeframes, signals tend to be of better quality, though they appear less frequently. A trade might last for several days, if not weeks.
This is a simplified version of the EA. The PRO version utilizes the ATR to calculate Stop Loss and Take Profit levels and offers Trailing Stop based on Parabolic SAR or fractals. It also includes high-impact news filters for traded assets, such as the Non-Farm Payroll (NFP), where the EA waits 60 minutes before and after the event to open positions. The lot management is enhanced with partial exits using FIFO and LIFO for lots above 5. If you're interested in the PRO version, send me a DM.
Parameters:
- Magic Number: Unique number to identify orders generated by the EA
- Timeframe: The timeframe used for analysis (default is the current chart)
- Deviation: Tolerance of deviation in points for pending orders
- Maximum Spread: Maximum allowed spread to open orders (in points)
- Lotsize: Lot size for each operation
- Takeprofit: Target profit level, in points
- Stoploss: Maximum loss level, in points
- Jaw Period: Period for the Alligator’s Jaw line
- Jaw Shift: Shift for the Jaw line
- Teeth Period: Period for the Alligator’s Teeth line
- Teeth Shift: Shift for the Teeth line
- Lips Period: Period for the Alligator’s Lips line
- Lips Shift: Shift for the Lips line
- Alligator Method: Calculation method for the alligator moving averages.
Optimization Range
| PARAMETER | START | STEP | END |
|---|---|---|---|
| JAW PERIOD | 10 | 1 | 20 |
| JAW SHIFT | 5 | 1 | 15 |
| TEETH PERIOD | 5 | 1 | 15 |
| TEETH SHIFT | 3 | 1 | 10 |
| LIPS PERIOD | 3 | 1 | 10 |
| LIPS SHIFT | 1 | 1 | 7 |
Like what you see? Then you need to see the PRO version!
The PRO version goes one step further, integrating the powerful Gator Oscillator to further refine the signals and ensure more accurate trades. It also includes an advanced Trailing Stop system based on the Parabolic SAR, designed to maximize your profits while protecting your trades from unexpected reversals.
It's a responsible EA