Fractal Support and Resistance Expert Advisor with Equity and Trade Controls

Summary

The document describes a trading expert advisor that uses fractals across two timeframes to identify support and resistance, with entries based on the open candle. It lists configurable controls for trade sizing, moving averages, stop loss and take profit, break-even moves, and trailing stops. The settings also allow money-based or percentage-based profit targets, an equity stop, and a limit on the number of simultaneous trades. The author says it can be configured as a single-trade system or a hedging grid.

The material is a parameter guide, not a complete strategy specification: it does not explain the exact entry logic, provide performance evidence, or define how the fractal levels and timeframes interact. It advises testing on a demo account and periodically optimizing the EA, but gives no results validating it. Loss-based position increases and grid use can raise exposure during losing periods, so the listed controls do not establish that account risk is contained.

Key ideas

• The EA uses fractals across two timeframes to derive support and resistance levels.
• It includes trailing stops, break-even controls, configurable exits, and equity-based drawdown controls.
• Position size can increase after losses, and the system can be configured as a hedging grid or as a single-trade EA.
• The document lists settings but does not provide a full description of entry logic or performance evidence.

Tags

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