Three Fractals demo

Three Fractals demo

This Expert Advisor identifies trend reversals based on fractals and some other indicators. It is a free lite version of Three fractals

Brief description of the trading strategy: when the fractals were formed after a prolonged fall, and the last fractal did not update the minimum of the previous bar's lower fractal, then a trend reversal is determined (at the same time, there must be a fractal in the middle, which is higher than the others). Similarly, opposite for growth. In case other indicators allow trading, a trade is performed (their settings can be customized for optimization).

Limitations of the free version: lot is fixed to 0.01, only the EURUSD currency pair is supported, trading time cannot be selected, trailing stop is not available.

Input parameters

• MaxSpread - the maximum allowable spread to open trades (for floating-spread symbols, to avoid opening with a large spread).
• Magic - unique identifier (use different magic numbers if multiple Expert Advisors run in your terminal);
• StopLoss - stop loss in points;
• TakeProfit - take profit in points;
• Stop to breakeven after - move stop loss to breakeven after a specified number of points;
• OrderComments - comments of opened orders.
• FastMAPeriod - period of the fast moving average.
• SlowMAPeriod - period of the slow moving average.
• EnableMACD - enable/disable the MACD indicator.
• MACDPeriod1 - period of the first MACD line.
• MACDPeriod2 - period of the second MACD line.
• SignalMACD - period of the MACD signal line (0 - do not use the signal line).
• AdxPeriod - ADX indicator period.
• MinAdxLevel - ADX indicator minimum level.
• MaxAdxLevel - ADX indicator maximum level.