Fractals EA

MQL4 Experts

Trabalho concluído

Tempo de execução 2 dias

Termos de Referência

My strategy involves using just one simple moving average (34) and fractals. The objective is to combine trend style moving average with the price action based tool of fractals to determine a trade entry.

The EA strategy needs to check these conditions for a buy trade -
1. If no current buy trade is on
2. Price level is currently above the (34) simple moving average
3. Price has just broken the last upper fractal resistance (before the bar close) by a buffer of +5 pips

Then enter a buy trade. Vice versa for sell trade -

1. If no current sell trade is on
2. Price level is currently below the (34) simple moving average
3. Price has just broken the last lower fractal support (before the bar close) by a buffer of +5 pips

Please refer to the current fractal channel indicator which highlights the last lower and upper fractals as a channel, similar to the donchian channel. I've marked where trade signals should be placed and where the trades should occur.

Stop Loss: Set to the price level of the opposite fractal channel plus a buffer in pips specified in variables, up to a maximum number of pips specified.

Take profit: Set equal to the stop loss in pips, with an option to specify a specific number of pips TP.

Variables for inputs tab:
1. Simple moving average period can be manually input, but 34 as default
2. Pips buffer value 5 pips by default (The pips past the fractal break before trade entry is taken)
3. Stop loss boolean selection: Use fixed pips True/False - When set to true, a fixed number of pips stop loss can be specified for trades. When set to False in a buy trade, stop is set to the lower fractal channel line, plus the stop loss buffer pips, up to a maximum number of pips specified, vice versa for sells.
4. Stop loss Pips if preset: (Fixed number of pips stop loss)
5. Stop loss channel buffer; IF using fractal channel for stop, specify pips buffer outside channel
6. Max stop loss set in pips: 
7. Take Profit boolean selection: Use fixed pips True/False - When set to true, a fixed number of pips Take Profit can be specified for trades. If false, we set the same number of pips as stop loss.
8. Email alert set true/false

9. Sound alert set true/false 

10. Add fix lot or money management

11. also add start hour and end hour option for trading 


And the EA will obviously generate sells opposite to buys when the conditions are right.

Arquivos anexados:

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fractals.PNG
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Informações sobre o projeto

Orçamento
10 - 20 USD
Desenvolvedor
9 - 18 USD
Prazo
de 1 para 3 dias