Hey fellow traders! I’ve got some updates on the Fracture 7.4.0 EA for MetaTrader 4 that I've been working on. I know this EA has a good reputation, but it does come with its quirks. I plan to dive deeper into it soon, but for now, I’ll share what I’ve found. Unfortunately, I can’t offer much in terms of recommendations, so you’ll need to explore and see what works best for you.
Description:
Ideal for EUR/USD 5-minute scalping or similar strategies.
Start off with the settings in the provided set file and feel free to adjust them to fit your style.
For June 2013, the returns were pretty decent. I highly recommend using the Strategy Tester to fine-tune your settings before going live. Just a heads up, the EA struggles a bit during major trend shifts due to news events, although it handles most high-impact news releases quite well.
This version is a result of about 20 iterations I went through to create an EA that consistently nets small profits while occasionally capitalizing on trends. I’m still on the fence about whether I like it, but it’s definitely a work in progress.
Test Results:
| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 5 Minutes (M5) 2013.06.02 21:00 - 2013.06.30 23:55 | ||||
| Model | Every tick (the most precise method based on all available timeframes) | ||||
| Bars in test | 6777 | Ticks modelled | 719666 | Modelling quality | 90.00% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 100.00 | ||||
| Total net profit | 356.25 | Gross profit | 648.94 | Gross loss | -292.69 |
| Profit factor | 2.22 | Expected payoff | 1.40 | ||
| Absolute drawdown | 26.89 | Maximal drawdown | 74.03 (40.73%) | Relative drawdown | 40.73% (74.03) |
| Total trades | 254 | Short positions (won %) | 183 (73.77%) | Long positions (won %) | 71 (83.10%) |
| Profit trades (% of total) | 194 (76.38%) | Loss trades (% of total) | 60 (23.62%) | ||
| Largest | profit trade | 22.26 | loss trade | -19.60 | |
| Average | profit trade | 3.35 | loss trade | -4.88 | |
| Maximum | consecutive wins (profit in money) | 14 (11.26) | consecutive losses (loss in money) | 2 (-26.23) | |
| Maximal | consecutive profit (count of wins) | 76.74 (6) | consecutive loss (count of losses) | -26.23 (2) | |
| Average | consecutive wins | 4 | consecutive losses | 1 | |
Comments 0