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Fractals robot

  • #1
  • First Post: Edited Jun 2, 2024 2:33am Nov 13, 2023 6:34pm | Edited Jun 2, 2024 2:33am
So here you are. A Fractals/Alligator robot running the Bill Williams system. But is does not make money. It needs more confluenses.

I want YOU to help inventing a money making system using this robot. I can extend the functionality with whatever you suggest. So the missing bricks can be something that I attach in the programme or it can be a certain way to use the robot using analyzes or whatever

I have been on FF for some years and have seen numerous threads running out in the sand. They all started with somebody having a good idea and nobody really did much to give some inputs that worked. Everybody just downloaded everything and the end result was allways, that nothing worked. People had ideas that nobody tested. The OP incorporated a lot of crabb into the robots/indicators and at some point OP just disappeared giving it all up. Hence I have some rules for this thread:

 

  1. I will not programme anything into the robot unless you have persuaded me, that it is worth it. So it is not anough to have a great idea, you shall proof that it works.
  2. Your idea can be something that I programme into the robot or it can be a special way to trade it. Either way the idea is not enough - proof is necessary.
  3. The robot has a time limit programmed. People that contribute will be invited to a small forum where we work the robot together and keep refining it and it is yours forever.
  4. People that does not contribute - the Downloaders - will have the robot working for a limited time and then it is not usable anymore.

So this is your chance to get a robot that you have participated in designing, without any knowledge of programming. Do I need to say: People not behaving is kicked out.

Go make a chart with the Fractals indicator and the Alligator indicator on it. Find this description on Trading View and then you are ready to go. Williams Fractal — TradingView. The robot will trade exactly like the description. But it does lose you money so you may only use it on demo account.

By the way - no you will not get my code.

EDIT 1/2 year later:
168 downloads of the robot!
Nobody wanted to help making it profitable.
I did put a code into the robot, so it is worthless by now for all the lazy people downloading it.
AND - I have made the grail with this robot now, by adding the right filters. You guys should have helped, then it would be yours too.

Attached File(s)
File Type: ex4 FractalPips 0.2.ex4   19 KB | 364 downloads
MetaTrader 4 - so many advantages.
  • #2
  • Nov 13, 2023 10:39pm Nov 13, 2023 10:39pm
Hello. I use fractals + renko anda filter the trade with ema 50.
I only trade at the break ir up and down fractal
  • #3
  • Nov 14, 2023 12:09am Nov 14, 2023 12:09am
If it doesn't make money, what is the point?

Wouldn't it be better to start with something that DOES make money, if only a few pips worth a day?
In the days of old when sailors were bold, and seldom if ever contented.
  • #4
  • Edited 12:46pm Nov 14, 2023 12:22am | Edited 12:46pm
I've spent years developing strategy around fractal here is my major take:
Make the EA take trades after return to Fractal that price has moved away from by x pips.....x can be optimized function of ATR.
E.g buy if price returns to an higher timeframe upper fractal (now acting as support) that it has moved x pips from and forms a fractal in lower timeframe.
Other indicators such as Gann, volume and hitmap modoki make difference as filters.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #5
  • Nov 14, 2023 6:17am Nov 14, 2023 6:17am
Quoting pt49
If it doesn't make money, what is the point? Wouldn't it be better to start with something that DOES make money, if only a few pips worth a day?
This is a well known and respected strategy and I presume that it will be able to make money. But it doesn't alone. So it could be interesting to have a project about it.

I have other strategies that make money. I see no point in getting other peoples help to those.
MetaTrader 4 - so many advantages.
  • #6
  • Nov 14, 2023 6:21am Nov 14, 2023 6:21am
Quoting ordosgoitia
Hello. I use fractals + renko anda filter the trade with ema 50. I only trade at the break ir up and down fractal
So you are trading the MA50 trend in RENKO. What are the RENKO settings? Any specific pairs?

I can build that if you can show that it is worth it. Are you taking each and every trade that meets this?? Sure? Not skipping a trade which looks bad?

What is your risk settings?
MetaTrader 4 - so many advantages.
  • #7
  • Nov 14, 2023 6:38am Nov 14, 2023 6:38am
Quoting RiskFighter
{quote} So you are trading the MA50 trend in RENKO. What are the RENKO settings? Any specific pairs? I can build that if you can show that it is worth it. Are you taking each and every trade that meets this?? Sure? Not skipping a trade which looks bad? What is your risk settings?
Hi, on gold i use a 15 pips or 150 points renko bar size.
Ema50 to filter the trade, i only trade the NY market, one or 2 trade per day.
this is how it looks my chart
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 38 KB
  • #8
  • Nov 14, 2023 9:58am Nov 14, 2023 9:58am
Quoting ordosgoitia
{quote} Hi, on gold i use a 15 pips or 150 points renko bar size. Ema50 to filter the trade, i only trade the NY market, one or 2 trade per day. this is how it looks my chart {image}
OK. It seems that I could make the robot do that trading. Let me think about it. I will be back to you.
MetaTrader 4 - so many advantages.
  • #9
  • Nov 14, 2023 10:03am Nov 14, 2023 10:03am
Quoting skyf
I've spent years developing strategy around fractal here is my major take: Make Eaa take takes after return to Fractal that price has moved away from upto x pips.....x can be optimized function of ATR. E.g buy if price returns to an higher timeframe upper fractal (now acting as support) that it has moved x pips from and forms a fractal in lower timeframe. Other indicators such as Gann, volume and hitmap modoki make difference as filters.
Hi Skyf

I am sure that your strategy is very good. However it is not 100% firm and described. A robot need a very exact desription. The robot cannot think - only react according to what is programmed. Maybe you can make the perfect discribed strategy? And trade it for the purpose of proving the strategy.

Thank you for participating in the thread.
MetaTrader 4 - so many advantages.
  • #10
  • Last Post: Nov 14, 2023 10:10am Nov 14, 2023 10:10am
Quoting ordosgoitia
{quote} Hi, on gold i use a 15 pips or 150 points renko bar size. Ema50 to filter the trade, i only trade the NY market, one or 2 trade per day. this is how it looks my chart {image}
I tjekked your profile. You are selling from your web page. Sorry, that is not the right spirit. You are out.
MetaTrader 4 - so many advantages.
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