Hi, Fellow Trader.
Recently I'm working on Fractal Breakout EA, Main ingredients of my EA are : Fractal, Alligator, ABP Candle. This EA is still under development, actually is at the early step of development.
The Main Idea of the EA is to trade along the Trend which is determined by Alligator, if an APB Candle close below the fractal on a Down Trend then it is a SELL ORDER, if an APB Candle Close Above a Fractal in an UP Trend, then it is a BUY ORDER.
The Reason of why I'm using APB Candle is because it filtered noise and show clearer image of Bearish or Bull Candle. This EA work good in really strong Trend Environment but becomes problem when market become ranging because what suppose to be SELL becomes BUY hence the losses.
For the development of this EA I wrote down some problem and I hope I can get any supportive suggestions on how to handle the problem.
1. for The TP currently is using Fixed Pip Profit, but I realize in good trend the price will go much further and sometimes beyond the set fixed profit hence we're getting less.
2. The Problem of using trailing stop is when market is very volatile the price will some times retrace and hit the trailing stop before it continue, therefore we're stopped and get less profit than it should have. but If not using Trailing Stop, the winning Order could become a loser. Any suggestion of Good Trailing Stop Algorithm are welcomed !!
3. This EA works good at the beginning of the Trend, but when a Trend reach an end, the Price will retrace or reverse and therefore the last fractal order is surely the loss one. How to limit or preventing order before reversal ? I know this is the most difficult one, but there must be a sign either from volume or any indicator, I Haven't found it yet !!
4. Fractal is as matter in fact a Short Term of Support / Resistance, A Fractal Breakout is a break through Support/Resistance (S/R). In a Ranging Market after Price close below/above the Fractal , instead of follow through the breakout it will reverse. How to make a system that composes of Fractal Breakout and Fractal Reversal ？
Attached is the screenshot of Buy Order using Fractal Breakout Strategy, I also attached the example of Fractal Reversal.
I'm still working on The EA Code, it still to rough to upload.. I will upload it after I Clean up the code little bit.
Recently I'm working on Fractal Breakout EA, Main ingredients of my EA are : Fractal, Alligator, ABP Candle. This EA is still under development, actually is at the early step of development.
The Main Idea of the EA is to trade along the Trend which is determined by Alligator, if an APB Candle close below the fractal on a Down Trend then it is a SELL ORDER, if an APB Candle Close Above a Fractal in an UP Trend, then it is a BUY ORDER.
The Reason of why I'm using APB Candle is because it filtered noise and show clearer image of Bearish or Bull Candle. This EA work good in really strong Trend Environment but becomes problem when market become ranging because what suppose to be SELL becomes BUY hence the losses.
For the development of this EA I wrote down some problem and I hope I can get any supportive suggestions on how to handle the problem.
1. for The TP currently is using Fixed Pip Profit, but I realize in good trend the price will go much further and sometimes beyond the set fixed profit hence we're getting less.
2. The Problem of using trailing stop is when market is very volatile the price will some times retrace and hit the trailing stop before it continue, therefore we're stopped and get less profit than it should have. but If not using Trailing Stop, the winning Order could become a loser. Any suggestion of Good Trailing Stop Algorithm are welcomed !!
3. This EA works good at the beginning of the Trend, but when a Trend reach an end, the Price will retrace or reverse and therefore the last fractal order is surely the loss one. How to limit or preventing order before reversal ? I know this is the most difficult one, but there must be a sign either from volume or any indicator, I Haven't found it yet !!
4. Fractal is as matter in fact a Short Term of Support / Resistance, A Fractal Breakout is a break through Support/Resistance (S/R). In a Ranging Market after Price close below/above the Fractal , instead of follow through the breakout it will reverse. How to make a system that composes of Fractal Breakout and Fractal Reversal ？
Attached is the screenshot of Buy Order using Fractal Breakout Strategy, I also attached the example of Fractal Reversal.
I'm still working on The EA Code, it still to rough to upload.. I will upload it after I Clean up the code little bit.
Attached Image (click to enlarge)
Attached Image
