Combining Moving Averages and Fractal Trend Lines in an EA

Summary

This document describes an expert advisor that combines two moving averages with short trend lines drawn from fractals. Its stated directional rule is to buy when both lines turn upward and sell when both turn downward. It says the trend line acts as a filter alongside the moving averages in live trading, and that the system trades using the open price of a candle. The advisor is described as supporting multiple timeframes, major forex pairs, and NASDAQ stocks, with trailing exits and several configurable money and percentage targets.

The document also explains an important testing limitation: trend lines do not influence trade creation in test mode, even though they can appear on screen during visual testing. Optimization therefore uses moving averages alone, and the text recommends open-prices-only backtests and trying the system on a demo account. It provides many settings for lot sizing, loss-based increases, equity limits, trade counts, and trailing stops, but offers no performance results. The suggestion that the filter improves win probability is unsupported by evidence in the document.

Key ideas

• The EA combines two moving averages with fractal-based trend lines as a directional filter.
• Both lines turning upward indicate a buy, while both turning downward indicate a sell.
• In test mode, trend lines are drawn but do not affect trade creation.
• The EA includes configurable lot sizing, equity controls, profit targets, and trailing stops.
• No test results support the claim that the filter improves winning probability.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.