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- Create Date 2016-12-24
- Last Updated 2021-01-01
Fractal Trader robot EA
The PZ Fractal Trader EA is a Metatrader Expert Advisor that trades fractals placing bidirectional pending orders.
- Easy to use and supervise
- Fully configurable settings
- Customizable trading timeframe
- Customizable break-even, stop-loss and take-profit levels
- Customizable trading direction
- Built-in money management
- Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols
Boost your trading returns for free with the PZ Fractal Trader EA, like hundreds of users have already done!
When loading the expert to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks. Each functional parameter is explained below.
- Trading Settings
- Select trading direction and timeframe to read fractals from.
- Position Management
- This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, trailing-stop in pips, trailing-step in pips, stop-loss in pip and take-profit in pips.
- Money Management
- In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. I always recommend setting a manual lotsize for each trade.
- EA Settings
- You can select the magic number for the trades, custom comment and manual pip value if you need to override the one the default one. Do not change these unless you know what you are doing.