Fractal Trade Manager Released
It's been a very long time in the making but the Fractal Trade Manager EA is now available here.
This is a very useful trade management EA; particular for traders who trade the lower timeframes and trail stop losses on fractal levels.
Using buttons, it provides a quick way of placing two types of pending orders: reversal (‘Fruits’) and fractal breaks (AIMS Break). The EA can calculate lot size based on percentage risk or you can select a fixed lot size.
Stop losses are automatically placed using opposite fractal levels or, in the case of reversal trades the recent swing high/low. As new fractal levels are formed during open trades, the EA moves the stop levels but keeps them hidden from the broker. The EA will close the trade only when price closes the other side of the stop level (not when price touches the stop level) so as to avoid being ‘stopped out’ when price spikes.
Many thanks to Billy who initiated this project and many many thanks to Julius for the considerable and superb coding.
We are working on an enhanced version of this tool but, for a limited period, if you get version 1 now, you will get the enhanced version at no extra charge. Click the 'Trade Tools' tab to download and get more info.
We've been posting daily Pin bar signals to the forexsticks site for some time now and the results have been pretty good. Over 30 symbols, including forex , indices and commodities, are scanned every night just before the NY close. A screen shot is auto-posted here http://www.forexsticks.com/Signals/pin-bars where the daily bar meets the defined criteria.
With a little bit of discretion and some careful trade management, the pip returns on these signals alone would have made anyone very happy - as Peter and Gabor will tell you. Do check the signals out, all free and no catches; just another value-add service from the for-exe team.
By the way, the for-exe offices will be closing for a couple of weeks due to a much needed holiday. You'll still be able to download indies and the forexsticks signals will continue to post, barring any computer mishaps - replies to emails will be delayed though. See you again later in May.