Renko Fractal Entries with Grid and Money-Based Trade Controls

Summary

This expert advisor combines Renko-style price boxes with fractal levels. It calculates box formation in pips, then enters when price reaches a level associated with a fractal. The post says the boxes are calculated rather than displayed on the chart and that trading is based on the current candle's open price. It also describes use across time frames and mentions major forex pairs and NASDAQ stocks.

The parameters cover fixed or ATR-based box sizing, a candle retracement window, trade size and scaling after losses, stop loss and take profit, trailing stops, break-even behavior, maximum trades, and an equity drawdown control. Several profit and loss controls can be denominated in account currency or percentage terms. These are configuration notes, not a tested system: no performance results, market-specific settings, or validation method are given. The author recommends demo testing, and the loss-based lot increases and multiple-trade settings make position sizing and drawdown behavior important limitations to evaluate.

Key ideas

• The EA enters when price reaches a fractal level after a calculated Renko box forms.
• Renko box size can be fixed in pips or tied to an ATR setting.
• The EA offers stop, target, trailing, break-even, and equity-risk controls.
• It can increase trade size after losses, which changes exposure as a losing sequence develops.
• The post provides parameter descriptions but no backtest evidence or performance analysis.

Tags

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