Fractal Breakouts Filtered by Dual Exponential Moving Averages
Summary
This article describes an Expert Advisor that combines Bill Williams fractals with 14-period and 200-period exponential moving averages to mark potential breakout entries. For a bullish signal, price must cross above a recent fractal low while trading above both averages, with the faster EMA above the slower one. The bearish setup reverses these conditions around a recent fractal high. The EA can draw levels, arrows, and labels and issue alerts; the article also discusses configurable indicator, display, and alert settings.
The document presents implementation details and mentions backtests and live trials, including a test on a V75 one-second market, but the supplied text does not provide enough complete results, test design, or risk statistics to assess the claimed effectiveness. It offers no independent evidence that the signals predict profitable trades. Fractal levels and moving-average filters are technical rules that may behave differently across instruments and conditions, so the described tool is best understood as an analysis framework rather than validated performance guidance.
Key ideas
- A bullish signal requires a move above a recent fractal low and bullish alignment of the two EMAs.
- A bearish signal uses a break below a recent fractal high and bearish EMA alignment.
- The EA visualizes levels and signals and can alert the user when conditions occur.
- The article mentions testing but does not provide complete evidence to evaluate profitability or robustness.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.