Shadow Trader allows to trade using Bill Williams' Fractals indicator.
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(5.37KB) Version 1.2
Shadow Trader
Expert Reviewed
| Our rating: | Rated 2 out of 5 stars |
| Avg rating: | Rated 0 out of 5 stars |
| Type | EA |
| Pairs | ALL |
| Time frames | ALL |
| Market sessions | ASIA, AMERICA, EUROPE |
| Required experience | beginner |
| Compatibility | MT4 |
| Code | Source Code |
| License | Free |
Updated: 09/01/2012
Screenshots and Videos
Expert Reviews
Expert Technical Review
by Alberto Muñoz - expert rating: Rated 2 out of 5 stars
How the software works
This Expert Advisor looks for Fractals Up and Fractals Down breakouts to open trades.Main Settable Options
The configurable options of this Expert Advisor are:Lots = 0.01 Position Size
MaximumRisk = 0.05 Percentage of account risked in every trade
DecreaseFactor = 3 Parameter used in the calculation of the number of loser tradeswithout a break.
TakeProfit = 90
StopLoss = 30
hour = 12 Time, after which the order will be closed (GMT+2)
limit = 2 Level of setting for the postponed order
Technical Verdict
Very simple EA, it's a very good starting point for an advanced robot based on breakouts though it's not recommended to use it in real accounts. Loading. Please wait...
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