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.
Snorm trades only with GKFX and has no hesitation in recommending them, for tight fixed spreads and quick execution (even during NFP, from personal experience).
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