Are you looking to enhance your trading strategy? The Fraktrak Xonax System is a powerful tool designed for MetaTrader 4, utilizing fractal breakouts to capitalize on market movements.
This EA (Expert Advisor) identifies the latest upper and lower fractals, automatically opening positions as soon as the price breaks through these levels. If the price surpasses the upper fractal, a buy order is triggered. Conversely, breaking through the lower fractal initiates a sell order.
One of the standout features of this system is that there's no cap on the number of open positions. Each time a fractal level is breached, the EA jumps into action, placing an order. Plus, it comes equipped with a trailing stop feature that adjusts the stop loss every 10 points, helping you lock in profits while minimizing risk.
Below, you'll find the results from testing the EA on the EURUSD pair during 2015 on the H4 chart, using the default settings:
Please note: This EA is provided strictly for evaluation purposes. Avoid using it for live trading.
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