About the Upper Lower Fractals Expert Advisor
The Upper Lower Fractals MetaTrader 4 Forex Robot is an automated trading system that monitors the market for the most recent upper and lower fractals and opens positions when prices move beyond these key levels.
The EA follows a simple yet effective logic: a buy trade is triggered when the price exceeds an upper fractal, while a sell trade is executed if the price moves below a lower fractal.
There is no restriction on the number of open positions, so each time a fractal level is breached, a new trade is opened.
To manage risk, the EA features a trailing stop mechanism, which adjusts the stop-loss every 10 points to protect profits and minimize losses during market corrections.
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Key Features
Fractal-Based Trade Signals
The EA identifies high-probability buy and sell opportunities by analyzing upper and lower fractals, helping traders capture potential market reversals accurately.
Customizable Trade Parameters
Users can adjust lot size, stop-loss, take-profit, trading hours, and other key settings to match their personal trading style and risk tolerance.
Multi-Timeframe Compatibility
Operates effectively on multiple timeframes from M1 to H4, giving traders flexibility to implement both short-term and longer-term strategies.
Automated Trade Execution
The EA handles all trade entries and exits automatically, ensuring timely execution without the need for manual intervention.
Market Adaptability
The robot adapts to different market conditions, including trending and range-bound periods, making it versatile for various trading environments.
Strategy Tester Report
Find below the Upper Lower Fractal forex robot strategy tester report for the EUR/USD forex pair on the 4-Hour chart.
Overall Performance
The EA made a total profit of $544.70 from a total of 133 trades.
The largest winning trade generated $80.07 in profits, while the largest losing trade generated a loss of $41.14.
Statistics:
Bars in test: 3140 ticks modelled
Initial deposit: $10000.00
Total net profit: $544.70
Total trades: 133
Largest profit trade: $80.07
Largest loss trade: -$41.14
Consecutive wins: 3
Consecutive losses: 2
How the EA Works
- Scans the market for upper and lower fractal patterns.
- Generates buy signals when lower fractals are detected and sell signals when upper fractals are identified.
- Executes trades automatically based on detected fractal levels.
- Manages stop-loss and take-profit levels according to input parameters.
- Monitors the market continuously to capture high-probability reversal opportunities.
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Parameters & Settings
- LotSize: Defines trade volume for each order.
- StopLoss: Sets the stop-loss level to manage risk.
- TakeProfit: Sets the take-profit target for trades.
- MagicNumber: Unique identifier for the EA’s trades.
- TradingHours: Defines active hours for automated trading.
Recommended Trading Setup
- Use on liquid and trending currency pairs such as EUR/USD, GBP/USD, or USD/JPY.
- Install on a VPS to ensure uninterrupted 24/7 operation.
- Adjust lot size and risk parameters according to account balance.
- Combine with other technical indicators for enhanced market analysis.
- Monitor performance periodically and tweak settings as necessary for optimal results.
FAQ
1. How does the Upper Lower Fractals EA decide when to trade?
The EA monitors the most recent upper and lower fractals. It opens a buy trade when the price exceeds the upper fractal and a sell trade when it drops below the lower fractal.
2. Can the EA open multiple trades at once?
Yes, the EA does not limit the number of open positions. Each time a fractal level is breached, it opens a new trade automatically.
3. How does the EA manage risk?
Risk is managed using a trailing stop feature, which adjusts the stop-loss every 10 points, helping to protect profits during market corrections.
4. What timeframes are recommended for trading?
The EA can operate on multiple timeframes, including M15, H1, and H4. Shorter timeframes provide more frequent signals, while higher timeframes focus on larger market moves.
5. Which currency pairs work best with this EA?
Pairs with clear fractal patterns and good liquidity, such as EUR/USD, GBP/USD, and USD/JPY, typically generate the most consistent results.
Summary
The Upper Lower Fractals MetaTrader 4 Forex Robot automates trading by analyzing fractal patterns to detect high-probability reversals.
It executes trades automatically, manages risk with customizable stop-loss and take-profit levels, and adapts to different timeframes and market conditions.
Ideal for both beginners and experienced traders, this free EA provides a structured, hands-off approach to trading, helping users capitalize on fractal-based opportunities efficiently while maintaining control over risk management.
