Fractals Breakout EA

Entry Rules:

·       Order is opened when PA breaks out of Fractals AIMs box (indicator provided). Parameter required to define how far out of AIMs box the order is triggered. [BreakoutPips]

·       The potential entry is trading away from the 50 ema (eg if price action is below 50 ema then only take short trades). Parameter required to define the EMA settings and to disable this feature (true/false). [EMA]

·       Filter to exclude potential trades when the signal candle crosses the above 50 ema (true/false). [EMAcross]

Note that the closing of trades can happen at any time based on MM features. And should NOT be defined by the above settings

Money Management

·       Initial stop loss options set on opposite side of AIMs box that was used to enter order. parameter required to define how many pips SL beyond AIMs box. [StopLoss]

·       A feature to close a portion of the trade [InitialClose]. InitialClose = X% of trade when it has achieved Y pips. Eg. Close 50% of trade when +25 pips are achieved. (true/false to disable feature)

·       When the [InitialClose] has been achieved, set stop loss to breakeven plus spread pips. A parameter to disable (true/false).

- If [InitialClose] feature is disabled, then a Breakeven feature will set SL to Breakeven after X pips movement. The [XtoBreakeven] will be used if not using [InitialClose].

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Two options to trail the remainder of the trade [FinalClose].

Option 1 = Simple Trailing

- [TrailStart] will move the SL from breakeven to X pips

- [TrailSteps] will define the stepped increments that the SL will move by.

Option 2 = Bars back

- Move the stop loss to just above/below the last x bar. Parameter to define X (eg. if [LastBar] = 1 then the SL will be set below/above previous bar. if [Lastbar] = 2 the SL will be set below/above previous previous bar).

·       The size of opening trade [TradeSize] defined by X% of account based on potential loss from defined SL. (Eg stop loss is set at 1% of account. If account is £1,500 and SL is 60 pips then trade size is (1500 / 100) / 60 = 0.25 per pip)

If [InitialClose] is disabled then The trailing options will be triggered once [XtoBreakeven] has been triggered.