1. ## Fractal EA

Hi everybody,
I was thinking of this EA. I'm using the IBFX Metatrader.
What if i have an EA that would buy on the 'down arrows' and sell on the 'up arrows'. Meaning to say when i start the EA, it'll just wait for "an arrow" and then react accordingly.
So if i was holding on to a position i would close it and trade the reverse.
Maybe also include a trailing stop for better profit locking.
This theory seems to be almost 90+% if i were to use it on the GBP/USD H4 chart.

Anyone able to generate this EA.
Thank you.

2. Do you understand how and when a Fractal is formed?

A Fractal is part of a 5 bar sequence and is the middle bar of that sequence. It forms when that middle bar has formed a higher high or a lower low than the 2 bars on either side of it. The fractal will first start to paint when its bar changes from being bar 1 to bar 2 (bar 0 = current bar, counting from right to left), but if bar 0 then forms a higher high (or lower low, as the case may be) than bar 2, the fractal arrow will be deleted. It can only be confirmed once it completes its life as bar 2 and becomes bar 3.

So what I am saying is that if you traded a H4 chart, you would have to wait until 8 hours after the fractal bar ended before you would be able to use the signal.

Imho, Fractals have more benefit when they are joined to form a trend line.

3. Originally Posted by jezzer1961
Do you understand how and when a Fractal is formed?

A Fractal is part of a 5 bar sequence and is the middle bar of that sequence. It forms when that middle bar has formed a higher high or a lower low than the 2 bars on either side of it. The fractal will first start to paint when its bar changes from being bar 1 to bar 2 (bar 0 = current bar, counting from right to left), but if bar 0 then forms a higher high (or lower low, as the case may be) than bar 2, the fractal arrow will be deleted. It can only be confirmed once it completes its life as bar 2 and becomes bar 3.

So what I am saying is that if you traded a H4 chart, you would have to wait until 8 hours after the fractal bar ended before you would be able to use the signal.

Imho, Fractals have more benefit when they are joined to form a trend line.
Hi jezzer1961...
Thanks for the explaination....
If that's the case then having it on a M1 to M30 chart would be more benificial.