PZ Fractal Trader EA

Overview of PZ Fractal Trader EA

• Developed by pztrading, this Expert Advisor (EA) is designed for automated trading using fractals.
• It operates on pending orders and offers various trading behaviors to cater to different trading strategies.
• Rated 4.38, this EA has garnered significant interest with multiple reviews highlighting its functionality.

Trading Behaviors

• Regular: Buys at upper fractals and sells at lower fractals.
• Inverse: Sells at upper fractals and buys at lower fractals.
• Only Buy: Engages solely in buying at both fractals.
• Only Sell: Engages solely in selling at both fractals.

Position Management Features

• Customizable settings for break-even, stop-loss, take-profit, and trailing stop management.
• Implements a martingale feature to potentially double lot sizes after losing trades.
• Offers both manual and automated lotsize calculations based on account equity or fixed amounts. 📊

Key Advantages

• Works seamlessly with ECN and non-ECN brokers, making it versatile for various trading environments.
• Compatible with 2-3-4-5 digit symbols, enhancing usability across different markets.
• Ability to filter trading by forex sessions (Asian, European, American), optimizing trading times based on market activity. 🕒

Input Parameters and Customization

• Users can select preferred trading behavior from the four available options.
• Ability to manage positions through configurable settings for trailing stops and risk exposure.
• Session settings allow traders to control when the EA is active, tailoring it to specific time frames and market events.

User Experience and Feedback

• Many users have praised its easy setup and supervision capabilities.
• Despite its effectiveness, the EA's success heavily relies on a trader's understanding of the underlying strategy.
• Performance fluctuates based on market conditions, and traders are encouraged to search for optimal parameters for each scenario. 🧐