Fraktrak xonax Expert Advisor based on fractal breakouts - Expert Advisor for MetaTrader 4
The EA searches for the last upper and lower fractals and opens a position when the price exceeds these levels. If the upper fractal is exceeded, a buy order is placed. If the lower fractal is exceeded, a sell order is placed.
There is no limit to the number of open positions, i.e. the EA will place an order every time the fractal level is exceeded. Implement a trailing stop loss function and make stop loss corrections every 10 points.
Below are the results of testing the 2015 EA on the EURUSD currency pair on the H4 chart using default settings.
Please note that this EA is for evaluation purposes only, do not use it for live trading.
Attachment download
📎 fraktrak_xonax.mq4 (4.05 KB)
Source: MQL5 #14613
Fraktrak xonax Expert Advisor based on fractal breakout - Expert Advisor usage and screening suggestions for MetaTrader 4
Fraktrak xonax Expert Advisor based on fractal breakout - Expert Advisor for MetaTrader 4 belongs to MT4 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
