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.
2/6/2015 01:07:49 pm
Hi Steve, I Really do like the Trade Management E/A and very much so look forward to the upgrades. However with that said. The E/A moves around when changing time frames sometimes it is hard to find again. Also if you have multiple charts and want to enlarge one the E/A does not go back to its proper place on the chart when you make the chart smaller again. Its hard to use when you do lots of charting, quickly and often.
2/6/2015 01:16:11 pm
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