ex fractals expert advisor
Info
The ex fractals expert advisor is a Script for MetaTrader 4 that this expert advisor was developed using the extrend indicator, previously published in code base. while it functions independently with its own integrated indicator, the exvol indicator serves as a crucial filter for non-essential signals.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use ex fractals expert advisor
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
this expert advisor was developed using the extrend indicator, previously published in code base.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: trend change alert and email notification expert advisor - another powerful script for MetaTrader 4 traders.
this expert advisor was developed using the extrend indicator, previously published in code base. while it functions independently with its own integrated indicator, the exvol indicator serves as a crucial filter for non-essential signals. it is recommended to download the exvol indicator separately, as it was not integrated directly into the expert advisor's code. the indicator can be found at the following link: [link to exvol indicator].Also recommended: e-v trailing by profit expert advisor - similar script with strong performance on MetaTrader 4.
please note that historical performance data from 2005 and 2006 showed differing results. the expert advisor performed exceptionally well in 2006, but poorly in 2005. this discrepancy may be due to historical data quality or the prevailing market trend. for eurusd, the trend was predominantly upward in 2006, whereas it was downward in 2005.
performance report details:
symbol
eurusd (euro vs us dollar)
period
4 hours (h4) 2005.01.03 00:00 - 2006.12.22 20:00 (testing period: 2006.01.01 - 2006.12.01)
model
every tick (based on all available smallest timeframes with tick interpolation)
parameters
lstoploss=40; sstoploss=40; ltakeprofit=100; stakeprofit=100; ltrailingstop=30; strailingstop=30; lots=0.1; a=3; decreasefactor=100; maximumrisk=0.025; maximumlots=100; coeff=0;
history bars
8979
simulated ticks
2489142
model quality
90.00%
initial deposit
1000.00
net profit
877.92
total profit
2602.27
total loss
-1724.35
profit factor
1.51
expectancy
7.98
absolute drawdown
65.00
maximal drawdown
274.10 (16.78%)
relative drawdown
21.60% (267.74)
total trades
110
short positions (% profitable)
58 (63.79%)
long positions (% profitable)
52 (63.46%)
profitable trades (% of total)
70 (63.64%)
losing trades (% of total)
40 (36.36%)
largest
profitable trade
101.17
largest
losing trade
-46.32
average
profitable trade
37.18
average
losing trade
-43.11
max consecutive wins (profit)
7 (275.73)
max consecutive losses (loss)
5 (-215.00)
max consecutive profit (wins)
330.36 (6)
max consecutive loss (losses)
-215.00 (5)
average consecutive win
3
average consecutive loss
1
You may also like: e-so trailing expert advisor - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#define magic 612457
extern double lstoploss = 40;
extern double sstoploss = 40;
extern double ltakeprofit = 100;
extern double stakeprofit = 100;
extern double ltrailingstop = 30;
extern double strailingstop = 30;
extern double lots = 0.10;.......
⚠ 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.