Are you looking to elevate your trading game? The Fractals & Alligator Expert Advisor (EA) is designed to trade using the powerful Fractals and Alligator indicators. With features like Trailing Stop Loss and Take Profit, this EA shines particularly on daily time frames for major forex pairs and NASDAQ stocks.
Key Points to Remember:
- Always start by testing on a demo account first.
- This EA operates solely based on the price of the open candle!
- If you prefer not to increase lot sizes after a losing trade, set IncreaseFactor=0.
Configuration Inputs:
- Use_TP_In_Money: Enable Take Profit in monetary terms (values: true/false).
- TP_In_Money: Set Take Profit in money (values: 10-100).
- Use_TP_In_percent: Enable Take Profit in percentage (values: true/false).
- TP_In_Percent: Set Take Profit in percentage (values: 10-100).
- ------------[Money Trailing Stop For Multiple Trades]----------------------
- Enable_Trailing: Activate Trailing Stop in monetary terms (values: true/false).
- Take Profit In Money: Specify in current currency (values: 25-200).
- Stop Loss In Money: Set in current currency (values: 1-20).
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- Exit: Close trades if the trend turns against you to manage drawdown (values: true/false).
- Lots: Define lot size (values: 0.01-1).
- Lots size Exponent: Set the exponent for lot size (values: 1.01-2).
- IncreaseFactor: Determine how much to increase lots from total margin after a loss (values: 0.001-0.1).
- CandlesToRetrace: Specify the number of candles for divergence (values: 10-100).
- Stop_Loss: Set Stop Loss (values: 30-500). Use 600 for multiple trades.
- MagicNumber: Define a unique magic number (values: 1-100000).
- TakeProfit: Specify Take Profit (values: 50-200). Use 600 for multiple trades.
- FastMA: Set Fast Moving Average (values: 1-20).
- SlowMA: Set Slow Moving Average (values: 50-200).
- Mom_Sell: Define the Momentum Sell trigger (values: 0.1-0.9).
- Mom_Buy: Define the Momentum Buy trigger (values: 0.1-0.9).
- ---------------------CONTROL DRAW DOWN-----------------------------
- UseEquityStop: (values: true).
- TotalEquityRisk: (values: 0.01-20).
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- Max_Trades: Set the maximum number of trades (1-12).
- FractalNum: Specify the number of highs and lows (values: 1-10).
- ----------------IF YOU USE ONLY 1 TRADE:-----------------------
- /////////////////////////////////////////////////////////////////////
- USETRAILINGSTOP: Enable trailing stop (values: true/false).
- WHENTOTRAIL: When to begin trailing (values: 40-100).
- TRAILAMOUNT: Specify the trail amount (values: 40-100).
- Distance From Candle: Define distance from candle (values: 1-100).
- USECANDELTRAIL: Enable candle trailing stop (values: true/false).
- X: Number of candles (values: 1-100).
- USEMOVETOBREAKEVEN: Enable "break even" (values: true/false).
- WHENTOMOVETOBE: When to move to break even (values: 1-30).
- PIPSTOMOVESL: Specify how many pips to move stop loss (values: 1-30).
- Make sure to optimize this EA every few months using the exact inputs listed above.
- You can use it as a hedging grid EA or a single trade EA.
- For backtesting, check out this guide: Backtesting Guide
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