How a Fractal Trend-Line Breakout EA Uses Moving Averages and Risk Controls
Summary
This trading robot is described as a consolidation breakout system that draws short trend lines from fractals and combines them with two moving averages. The trend line is intended to act as a live-trading filter, while optimization and backtests rely on the moving averages alone; in visual test mode, the line is displayed but does not affect trade creation. The post says the method can be applied across time frames to major forex pairs and Nasdaq stocks.
The settings cover fixed and money-based stops and targets, trailing exits, break-even rules, equity drawdown limits, trade-count limits, and optional lot increases after losses. It also describes basket-level profit and loss thresholds and an optional sizing protocol. These are parameter descriptions, not evidence of results: no verified backtest or live performance is supplied, and the trend-line filter cannot be evaluated through the stated test process. The suggested demo trial reflects that limitation.
Key ideas
- The EA seeks consolidation breakouts using fractal-drawn trend lines and two moving averages.
- The trend line filters live trades but is not included in trade generation during optimization tests.
- The configuration offers several stop, target, trailing, break-even, and equity-risk controls.
- An optional loss-recovery setting can increase position size after losing trades.
- The post provides settings but no performance evidence, and backtests omit the live trend-line filter.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.