Fractal Trend-Line and Moving-Average Forex Expert Advisor
Summary
The document describes a trading robot that combines moving averages with fractal-derived trend lines. It says the trend line acts as a filter alongside moving-average signals in live trading, while the robot trades using the opening price of a candle. The listed controls include take-profit and stop-loss settings, equity risk limits, trade limits, trailing stops, break-even adjustments, and options to increase position size after losses.
The document provides parameter ranges but no backtest results, performance evidence, or detailed entry and exit rules. It also says trend lines are not incorporated into test-mode trade creation, so optimization tests use moving averages alone; this limits what those tests can establish about the combined live strategy. The loss-based lot increase and multiple-trade settings can affect exposure, while the author advises trying the system on a demo account first. It claims compatibility with major forex pairs and NASDAQ stocks, but provides no instrument-specific validation.
Key ideas
- The EA combines moving-average signals with fractal-based trend lines as a live-trading filter.
- The document says test-mode trades do not account for the trend-line filter.
- Risk controls include equity limits, stop losses, trade caps, trailing stops, and break-even settings.
- A loss-based lot increase is configurable and can be disabled.
- The document provides no performance results or detailed validation of the strategy.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.