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Fractal break trading system

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  • #1
  • First Post: Edited 11:44am Jul 19, 2016 10:08am | Edited 11:44am
Ok here is one of my ideas that i had made as an EA .
The code is open for you to see and test it .
The Ea works like this :

method :
0 = SMA,
1 = EMA
2 = SMMA
3 = LWMA

apply to:
0 = PRICE CLOSE
1 = OPEN
2 = HIGH
3 = LOW
4 = Median (HL/2)
5 = Typical (HLC/3)
6 = Weighted (HLCC/4)

FOR BUY. We start our trade and look at the 2 most recent confirmed up fractals that have been formed in our diagram. If the last fractal is lower than the previous of it then we have our setup ready for the trade. When the Moving Average breaks the line that connects these fractals we go long . We close our trade if we have our target with the Take profit , or if an opposite trade opens, or if we hit our stoploss .
FOR SELL Vice versa

Please test it and tell your opinion . I have a few ideas to make better , but i want you to tell first.
Attached File(s)
File Type: mq4 Skliris_Fotios_Fractal_Break_EA.mq4   24 KB | 830 downloads
  • #2
  • Jul 19, 2016 10:10am Jul 19, 2016 10:10am
Quoting fskliris
Ok here is one of my ideas that ia had made as an EA . The code is open for you to see and test it . The Ea works like this : method : 0 = SMA, 1 = EMA 2 = SMMA 3 = LWMA apply to: 0 = PRICE CLOSE 1 = OPEN 2 = HIGH 3 = LOW 4 = Median (HL/2) 5 = Typical (HLC/3) 6 = Weighted (HLCC/4) FOR BUY. We start our trade and look at the 2 most recent confirmed up fractals that have been formed in our diagram. If the last fractal is lower than the previous of it then we have our setup ready for the trade. When the Moving Average breaks the line that connects...
hi, fskliris, good to see you again.
did you try to back test this ea - how is it?
Thanks bro.
  • #3
  • Jul 19, 2016 10:27am Jul 19, 2016 10:27am
I have test it , and i think that the ea needs some modifications .
1. Add trailing stop ( for ex if we are in a buy position the trailing stop could be at the lower point of the last x candles)or the stoploss is at the last fractal( from the other side ) .
2. the ea opens position if the ma breaks ( and close ) the line that connects the two last fractals . It could be better i think if the position open with just the line break fron the price
  • #4
  • Jul 20, 2016 1:07am Jul 20, 2016 1:07am
Quoting fskliris
I have test it , and i think that the ea needs some modifications . 1. Add trailing stop ( for ex if we are in a buy position the trailing stop could be at the lower point of the last x candles)or the stoploss is at the last fractal( from the other side ) . 2. the ea opens position if the ma breaks ( and close ) the line that connects the two last fractals . It could be better i think if the position open with just the line break fron the price
ya, sounds good - maybe we can backtest it first ;-)
  • #5
  • Jul 20, 2016 11:33am Jul 20, 2016 11:33am
To be able to see whether the strategy has any edge at all, "Lot multiplier" should be set at 0 as in the below backtest example.

(Using Martingale is never an "edge"...)
Attached Image (click to enlarge)
Click to Enlarge Name: Fractal Break 1.png Size: 25 KB
  • #6
  • Jul 20, 2016 12:12pm Jul 20, 2016 12:12pm
any one can add a trailing stop and BE ?
  • #7
  • Last Post: Jul 21, 2016 10:50am Jul 21, 2016 10:50am
Quoting MasterGuru
To be able to see whether the strategy has any edge at all, "Lot multiplier" should be set at 0 as in the below backtest example. (Using Martingale is never an "edge"...) {image}
seems mixed result
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