The ATR with Fractal expert advisor is a scalping auto trading software that runs on the Metatrader 4 platform.
The Forex robot scans the currency market for small price changes and quickly opens and trades once it finds great buy and sell opportunities.
The main objective is to grab very small amount of pips consistently.
It is able to do this through the careful combination of the ATR (Average True Range), ADX, fractal and MA.
Considering the difficulty traders encounter when scalping the currency market, the ATR with Fractal expert advisor completely automates this endeavor without making human errors.
The EA made $356.25 profit on the EUR/USD pair 5-minute chart from an initial deposit of $100.
Try the expert advisor first on a demo account before running it on a live trading account.
Default EA settings:
TOOLS; ……, close all; false, continue trading; true, risk; ……, base lot size; 0.01, range usage; 0.05, trend usage; 0.1, trading; ……., max. trades;9, max. scalping; 5, aggressive; 10.0, trade space; 2.0, dynamicslippade; 0.5, profits; ……., query history; 22, baske tprofit; 3.0, open profit; 0.85, min. profit; 1.0, trending; ……, crossbars; 30, ranging market; 0.7, turbo start; 0.4, indicator_atr; …., atr time frame; 0, atr shift; 0, indicator_ma; ….., ma time frame; 0, ma1 period; 5, ma2 period; 9, ma3 period; 18, mmashift; 0, mashift; 0, indicator_adx; …., adx line 1; 45.0, adx line 2; 55.0, adx time frame; 0, adx period; 14, adx shift; 0, indicator_fractal; …., fractal time frame; 0, fractal shift; 1, fractal bars; 5.
The default settings and parameters can be modified directly by editing the source code or changing the Forex robot’s input values.
Download This MT4 Forex Robot Free
Download the “Fracture-7.4.0.mq4” Metatrader 4 Robot
Strategy Tester Performance Report
Find below the strategy tester performance report for the ATR with Fractal expert advisor attached to the EUR/USD 5-Minute trading chart.
Strategy Tester Performance Highlights
The EA made a total profit of $365.25 ($100 initial deposit) from 254 trades during the initial testing period.
The largest winning trade generated $22.26 in profit, while the largest losing trade lost -$19.60.
See the test results report above for all details.
Download This Expert Advisor Now
Download the “Fracture-7.4.0.mq4” MT4 Expert Advisor
Adjustable Parameters
TOOLS, close all, continue trading, risk, base lotsize, range usage, trend usage, trading, max. trades, max. scalping, aggressive, trade space, dynamicslippade, profits, query history, basket profit, open profit, min. profit, trending, crossbars, ranging market, turbo start, indicator_atr, atr time frame, atr shift, indicator_ma, ma time frame, ma1 period, ma2 period, ma3 period, mmashift, mashift, indicator_adx, adx line1, adx line2, adx time frame, adx period, adx shift, indicator_fractal, fractal time frame, fractal shift, fractal bars.
More Info About This Expert Advisor
Recommended Currency pairs: Low spread currency pairs & majors
Trading Platform: MT4
Time frames: M5 – M15
Expert Advisor Type: Scalping
Installation
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.