Fractal Breakout Orders with Fractal-Based Trailing Stops

Summary

This Expert Advisor uses the iFractals indicator to place pending stop orders in the direction of developing price structure. A buy stop is considered when the two most recent upper fractals show the latest one above the preceding one. Its initial stop loss is placed at the latest lower fractal, and the stop for an open long position is trailed using the latest lower fractal as it updates. The sell-side rules are described as the inverse.

The listed controls include a maximum risk percentage, a factor to reduce lot size after losses, an order lifetime in hours, and a unique identifier for the EA. The page mentions testing on M30 and H2 charts but includes no results, instruments, dates, or performance measures. It therefore explains the signal and risk controls without establishing profitability or robustness across markets and conditions.

Key ideas

• The EA uses iFractals to place pending buy stop and sell stop orders.
• A buy setup requires the latest of two upper fractals to be higher than the previous one.
• The initial long stop and subsequent trailing stop are based on the latest lower fractal.
• The short-side conditions reverse the long-side rules.
• The description mentions tests on M30 and H2 charts but provides no performance details.

Tags

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