Low Draw Down Fractal System - MT4/MT5 Resources
This was developed using the free but very effective backtester "Forex Strategy Builder". Here are the results over the past 18 years (since April 1989), net of the EUR/USD spread (2 pips):
Points gained: 7401 points Maximum drawdown: 362 points
The rules are simple:
1. When the upper fractal appears, go long and exit at the end of the day
2. When the lower fractal appears, go short and exit at the end of the day.
A stop loss needs to be established.
Please note the attached equity curve and provide your comments. Let's improve this system.
Points gained: 7401 points Maximum drawdown: 362 points
The rules are simple:
1. When the upper fractal appears, go long and exit at the end of the day
2. When the lower fractal appears, go short and exit at the end of the day.
A stop loss needs to be established.
Please note the attached equity curve and provide your comments. Let's improve this system.
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