Fractals Trailing Stop

[Enivid]

Discuss Fractals Trailing Stop expert advisor here. This free MT4/MT5 EA provides an automated trailing stop tool based on the standard Fractals indicator with highly customizable trade filtering parameters. You can ask any questions about this MetaTrader robot here.

 

[Enivid]

The EA has been updated to version 1.02 in order to introduce an MT5 version, improve filtering, fix operation on hi-DPI screens, and allow taking SL level from previous fractal values.

 

[NemoDam]

In TrailingStop()

if ((SLBuy == 0) || (SLSell == 0) || (SLSell == EMPTY_VALUE) || (SLSell == EMPTY_VALUE))
 
replace in :
 
if ((SLBuy == 0) || (SLSell == 0) || (SLBuy == EMPTY_VALUE) || (SLSell == EMPTY_VALUE))

 

[rabcnesbit]

Hello, in the parameter setting "Apply To Current Symbol Only — if false, the trailing stop will be applied to trades on all symbols using the respective Fractals value. ", do the other symbols have to have their charts open? For example, I attach the EA to eurusd 4H chart only, but got trades on other symbols say gbpusd, usdjpy, nzdusd etc. do I have to have these symbols charts open as well for the EA to manage their orders (Fractal trailing the stops)? Thanks

 

[Enivid]

Hello, in the parameter setting "Apply To Current Symbol Only — if false, the trailing stop will be applied to trades on all symbols using the respective Fractals value. ", do the other symbols have to have their charts open? For example, I attach the EA to eurusd 4H chart only, but got trades on other symbols say gbpusd, usdjpy, nzdusd etc. do I have to have these symbols charts open as well for the EA to manage their orders (Fractal trailing the stops)? Thanks

No, you don't need other charts to be open for this to work.

 

[rabcnesbit]

No, you don't need other charts to be open for this to work.

Many thanks!

 

[Okanaotura]

Hello friend, has anyone tried to create the function to establish the Take profit in the configuration? Is it possible to modify it so that once a lower fractal exists and the next candle closes bullishly, place a buy order and if the opposite happens with the upper fractal and close of the lower candle, place an order for sale?

 

[imosane]

Hello there, is it possible to place stop loss before placing a stop order without the stop loss moving either direction? What I mean is, I want to place my stop loss first, then wait for the price close and then set my order without the stoploss moving. I hope I am clear. Thank you in advance.

 

[Enivid]

Hello there, is it possible to place stop loss before placing a stop order without the stop loss moving either direction? What I mean is, I want to place my stop loss first, then wait for the price close and then set my order without the stoploss moving. I hope I am clear. Thank you in advance.

Sorry, I don't understand what you are trying to do.

 

[Enivid]

Version 1.02 of the Fractals Trailing Stop EA has been released. It implements the following changes:

• Added an option to trail stop-losses only when a trade reaches some amount of profit first (ProfitPoints). (via GitHub)
• Improved the fluidness of button state update on the chart in MT5.
• Fixed a minor bug in the MT5 version of the expert advisor that could lead to the EA attempt to trail stops when not all required data has been loaded. (@NemoDam)

 

[Tradr]

Hello,

Thank you very much for the creation of this EA. Two questions please?

1. How does the EA determine when to raise the stoploss (if long) or drop it (if short)? I notice it sometimes skips a fractal and not sure how it manages the risk management. Could you give an example please?
2. How can I contribute/donate as I find this EA very useful and wish to give credit where credit is due.

 

[Enivid]

1. How does the EA determine when to raise the stoploss (if long) or drop it (if short)? I notice it sometimes skips a fractal and not sure how it manages the risk management. Could you give an example please?

It sets stop-loss according to the input parameters. It may skip the fractal if it's too close to the current price or if it's farther away than the current stop-loss. Could you please provide an example of it skipping a fractal?

2. How can I contribute/donate as I find this EA very useful and wish to give credit where credit is due.

We don't accept donations, but there are several ways you can help without directly paying:

• Submitting bug reports, feature ideas, and code fixes.
• Spreading the word about us among other traders is always welcome.
• Reviewing our website on Trustpilot or subscribing to our social media (Twitter, Facebook, YouTube) helps a lot too.

 

[Tradr]

It sets stop-loss according to the input parameters. It may skip the fractal if it's too close to the current price or if it's farther away than the current stop-loss. Could you please provide an example of it skipping a fractal?


We don't accept donations, but there are several ways you can help without directly paying:

• Submitting bug reports, feature ideas, and code fixes.
• Spreading the word about us among other traders is always welcome.
• Reviewing our website on Trustpilot or subscribing to our social media (Twitter, Facebook, YouTube) helps a lot too.

Thank you for your prompt response. I endeavoured to re-create the trade in the pic attached



- Notice the last change, it was moved up to 153.345 skipping the 153.295 fractal despite a significant move higher. The S/L change to 153.345 was very close to the current price such that initially it was rejected (as it was within 5 pips set by broker) but thankfully, as you can see, the market moved up on the next candle so it was able to be placed. It was stopped out at this level approximately 15-20min later. I should also point out I use a 30 bar lookback and a Fractal number to use of 1 (1st Fractal).

Noted on the ways to contribute and will do as suggested, thank you once again.

 

[Enivid]

Thank you for your prompt response. I endeavoured to re-create the trade in the pic attached

View attachment 30023

- Notice the last change, it was moved up to 153.345 skipping the 153.295 fractal despite a significant move higher. The S/L change to 153.345 was very close to the current price such that initially it was rejected (as it was within 5 pips set by broker) but thankfully, as you can see, the market moved up on the next candle so it was able to be placed. It was stopped out at this level approximately 15-20min later. I should also point out I use a 30 bar lookback and a Fractal number to use of 1 (1st Fractal).

Noted on the ways to contribute and will do as suggested, thank you once again.

Can you copy & paste the relevant portions of the Experts and Journal logs' output?

 

[Tradr]

Sure, please see attached. I should also make mention that the fractals pictured are from the fractal indicator in MT4.

 

[Enivid]

Sure, please see attached. I should also make mention that the fractals pictured are from the fractal indicator in MT4.

Thanks! Yes, there was a bug that wouldn't allow the SL to be changed if the new one is too close to the old one, even if it's higher. Please download version 1.04. It should be fixed there.

 

[Enivid]

The Fractals Trailing Stop EA has been updated to version 1.03 to fix some SL trailing issues and improve warning messages.

 

[Tradr]

Thank you very much!