Fractal Signals with Distance and Bar-Selection Parameters
Summary
This document outlines an expert advisor that trades from the Fractals indicator and evaluates signals only when a new bar appears. A newly detected upward fractal produces a sell signal and closes buy positions; a downward fractal produces a buy signal and closes sell positions. Position size is calculated as a percentage of free margin.
Two inputs are highlighted for configuration: a minimum distance in pips and the relative bar on which to check for a fractal. The text says the distance parameter is intended for optimization but does not explain how distance filters signals or define a recommended setting. It provides no backtest results, risk analysis, market specification, or evidence that reversing direction at fractal formation is profitable. The description is therefore a concise account of signal and position-flipping behavior, not a validated strategy assessment.
Key ideas
- The advisor checks for fractal signals only at the start of a new bar.
- An upward fractal triggers a sell signal and closes buy positions.
- A downward fractal triggers a buy signal and closes sell positions.
- Position sizing uses a percentage of free margin, while distance and signal-bar inputs govern configuration.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.