FT BillWillams Trader - MetaTrader 5 Expert - MT4/MT5 Resources

The author of the idea — Yuri , the author of the MQL5 code — Barabashkakon .

Bill Williams. iAlligator, Alligator, iMA, Moving Average.

Buy Fractals — A series of five subsequent bars in which two bars with lower maximum values ​​precede and follow the bar with the highest maximum value.

Sell ​​Fractal — A series of five subsequent bars where the two bars with higher minimums precede and follow the bar with the lowest minimum.

Buy and sell fractals can be composed of the same bars.

Fractal produces the following signals:

Fractals remain active until they are "hit" or a new fractal appears in the same direction (in this case, the previous signal is canceled and the pending order is cancelled).

It is crucial to hit the point of the fractal, ie. e. This is the bar at which you should enter the market after the fractal passes. Such transactions are allowed if the bar is located outside the crocodile's teeth.

Market exit methods that are sensitive to price dynamics allow taking profits during the last 10% of the trend, capturing at least 80% of the movement (as B. Williams said).

Bill Williams suggests several ways to set a stop loss on an order:

Attachment download

📎 ft_billwillams_trader.mq5 (38.61 KB)

Source: MQL5 #17113