ex fractals
Info
The ex fractals is a Expert Advisor for MetaTrader 5 that idea by:. mql5 code by:.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ex fractals
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
idea by:.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Creating Fractals in MT5 Using Iterated Function Systems (IFS) - another powerful expert for MetaTrader 5 traders.
Also recommended: fractals minimum distance - similar expert with strong performance on MetaTrader 5.
idea by: .
mql5 code by
: .
the ea uses custom indicator :
separate stop loss, take profit, and trailing are used for buy and sell positions.
inputs
maximum risk in percentage
- lot size calculations, the maximum risk parameter;
descrease factor
- lot size calculations; decrease it, if there are many losing trades;
stop loss buy
- stop loss for buy positions;
stop loss sell
- stop loss for sell positions;
take profit buy
- take profit for buy positions;
take profit sell
- take profit for sell positions;
trailing stop buy
- trailing for buy positions;
trailing stop sell
- trailing for sell positions;
trailing step
- trailing step (common for both buy and sell positions);
exvol: experiod
- parameter of custom indicator "exvol";
magic number
- unique identifier for the ea.
example of testing on eurusd,m15:
You may also like: fractals at close prices ea - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.