the fraktrak xonax expert advisor based on the fractal breakouts
Info
The the fraktrak xonax expert advisor based on the fractal breakouts is a Expert Advisor for MetaTrader 4 that the ea searches the last upper and lower fractals and opens positions when the price exceeds these levels. if the upper fractal is exceeded, then a buy order is placed.
Usage
This tool is typically used for breakout trading when price moves beyond key support/resistance levels.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use the fraktrak xonax expert advisor based on the fractal breakouts
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
the ea searches the last upper and lower fractals and opens positions when the price exceeds these levels.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: proboy xonax - another powerful expert for MetaTrader 4 traders.
the ea searches the last upper and lower fractals and opens positions when the price exceeds these levels. if the upper fractal is exceeded, then a buy order is placed. if the lower fractal is exceeded, then a sell order is placed.
Also recommended: aroon ea - similar expert with strong performance on MetaTrader 4.
there is no limit on the number of opened positions, i.e. every time a fractal level is exceeded, the ea places an order. the trailing stop feature is implemented, the correction of the stop loss is performed every 10 points.below are the results of testing the ea for 2015 on the eurusd pair on h4 chart, with the default settings.
attention, this ea is presented for evaluation purposes only, do not use it for live trading.
You may also like: multicurrency hedge example ea (overlay hedge) - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
input int tfr=240; //timeframe
input double lots=0.01; //lots size
input int tprof=1000; //takeprofit
input int treilst=100; //trailing stop
input int trstkor=10; //the size of the correction trailing stop
input int magik=1001012; //magic number.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.