Fractured Fractals - MetaTrader 5 Expert - MT4/MT5 Resources
Author of the idea : screenwriter , author of the MQL5 code : Balabashka Kon .
The Expert Advisor uses iFractals indicator signals to place pending buy stop and sell stop orders and track the stop loss level of the position. The conditions for placing a stop-loss buy order arise when there are two upper fractals, of which the last formed fractal (the "youngest upper fractal") is higher than the previous fractal (the "upper middle fractal").
The stop loss for a buy stop order is set to the latest lower fractal ("youngest down"). Then, the stop loss for the buy position is tracked based on the "youngest down" fractal.
Figure 1. Conditions for buy stop loss
The conditions for selling orders and selling positions are opposite.
Test results of M30 and H2:
Attachment download
📎 fractured_fractals.mq5 (34.88 KB)
Source: MQL5 #20127
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
