Fractal - Bar Closing :::: Market: EURUSD 1Day
1. Entry rules:
Enter long at the top of a Up Fractal.
Enter short at the bottom of a Down Fractal.
2. Exit rules:
Close a position at the end of the same bar.
In this strategy we are entering the market in the direction of the current trend and we hope that the trend will continue at least until the end of the bar.
The entry point for a Long position is the peak of an Up Fractal. As you probably know a Fractal is a pattern of minimum 5 bars. For an Up Fractal to form the third bar (this at the middle of the fractal) is the one with the highest high price. That means we have at least two bars with lower highs then the top of the fractal. We enter the market when the price starts rising after the fractal pattern has been completed. So we enter long at the end of an Up Fractal in the direction of the current trend.
We will close this long position at the end of the bar (in this case at midnight).
For the short positions we do the same but in the opposite direction. First we are waiting for the market to form a Down Fractal. After that if the price drops to its bottom, we enter short. We close the position at the end of the bar.
These rules are simple to follow. When you see a fractal you can place a Stop Entry Pending Order. The order is of type “Stop” because we enter long at a higher price than the current one.
Respectively for the short positions we enter short at a price lower than the current one.
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We are a small team of coders/traders that provide professional programming services for the trading world, mostly for MetaTrader platform. Our team has around 7 years (as average) of trading experience and about 6 years (as average) dedicated to programming in MetaTrader. We have developed Scripts, Indicators and Expert Advisors for many clients around the world and for our own use.
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Hello, my name is Amr Sakr. Through my six years of experience, I demonstrated the ability to motivate and collaborate with a team of IT professionals to complete projects meeting requirements and deadlines. My career history includes many examples of creative solutions using available tools and technologies. I have a proven record of success in achieving customer satisfaction. I am also enthusiastic, creative in addition to my excellent communication skills. Also I have been a trader and metatrader programmer for close to 6 years now. I know all the ins and outs of the metratrader platforms and can implement a solution for virtually any client request. I have completed hundreds of expert advisors, indicators, and scripts for people all over the world. High quality work, timely delivery, non-disclosure, and unlimited support after project completion are guaranteed so feel free to contact me anytime.
Currently not available. I have written code for the Metatrader platform for close to 4 years and have developed hundreds of experts advisers, indicators, and scripts for both mt4 and mt5. If you need to automate your strategy or if you need a specific tool to help you with your trading I'm certain I can help. High quality work, timely delivery, non-disclosure, and unlimited support are guaranteed.