JS-Chaos - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources

The author of the idea : JS_Sergey , the author of the mq5 code : Balabashka Kon .

This Expert Advisor is based on Bill Williams' strategy.

Bill Williams recommends making excellent trades on fractal breakouts.

Stop Loss is set at the Alligator's Mouth level (green line) without change, Take Profit is determined based on the Fibonacci levels between the fractal and the MA.

The EA uses pending orders to enter the market in the direction of the trend, anticipating a fractal breakout. Take profit is set at 1.618 and 4.618 levels.

The lot size of the first pending order must be twice the lot size of the second pending order.

After the Fibonacci 1.618 triggers position #1's take profit, position #2 should move to breakeven.

Tracking: When the market is trending, the EA tracks the position based on the 21-period MA.

The position is closed at the intersection of the Alligator's Mouth line and the open/close price of bar 1.

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EA test results on M30 timeframe (using default settings):

Results of EA test on M30 timeframe (with default settings but "Use closing" → false):

EA test results on M30 timeframe (with default settings but "Breakeven Plus" -> 10):

Attachment download

📎 js-chaos.mq5 (71.88 KB)

Source: MQL5 #19378