The FDM Strategy Expert Advisor is based on fractals and the five-dimensional method.
The Five Dimensions system is developed on the basis of a theory that combines Chaos Theory with trading psychology and the consequences that each of them has on the movement of the market.
There is also a trade filter based on the ADX indicator (measuring the strength of the trend using the average directional movement index).
Buy and Sell trading signals:
- If the buy fractal is above the Alligator’s teeth (red line), the pending Sell Stop order is placed 1 point below the minimum bar on which the fractal was formed.
- If the sell fractal is below the Alligator’s teeth, the pending Buy Stop order to open a position is set 1 point above the maximum bar on which the fractal was formed.
- The Expert Advisor can trade on the following currency pairs: EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, AUDUSD, AUDCAD, EURCHF, EURGBP, EURJPY, EURAUD, GBPCHF, CADJPY, GBPJPY, AUDNZD, AUDCHF, AUDJPY, CHFJPY, EURNZD, EURCAD, CADCHF, NZDJPY and XAUUSD
- The Expert Advisor works on the timeframes M15, M30 and H1.
- When trading on a real account, money management is available. When trading in the dollar, the minimum deposit will be $ 1000, which should correspond to the minimum deposit determined by the broker.
- Risk protection is provided by the use of stop loss and take profit. The trading process is determined by the function parameters, which are described below.
- The maximum drawdown can be assigned according to the percentage of allowable losses. It can be set in the function parameters described below.
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- MagicNumber – The Magic number of the Expert Advisor;
- Lots – Initial lot size;
- Slippage – Slippage;
- UseLotsize – Use the lot size as the initial (Initial_Lots) or Hedging (Hedging);
- Multiplier – Multiplier for the previous lot;
- DeepLevel – How long can losses last;
- UseBreakeven – Use breakeven translation, true/false;
- BE_FIX_Pips – A fixed number of pips to convert to breakeven. Please note that the value “BE_FIX_Pips=20” will mean that the EA will move the stop loss to the breakeven level when it reaches 20 pips of profit.
- UseTrailingStop – Type of trailing stop:
- TL_Fixed – fixed;
- TL_Dynamic – dynamic;
- TL_Recoverstop – recovery of losses;
- UseDelete_pending_order-Delete pending orders;
- UseRecoveryLoss – Use Dynamic or Fixed loss recovery;
- UseRecoveryDynamic-Dynamic Recovery Settings:
- F_Gap-recovery zone coefficient, 1.0-3.0;
- F_tp-target take profit ratio, 1.0-3.0;
- F_hedge-hedging take profit ratio, 1.0-3.0;
- F_sl-stop loss ratio, 1.0-3.0;
- UseRecoveryFixed-Fixed Recovery Settings:
- Gap-Recovery zone in pips;
- tp-Target take profit in pips;
- tp_hedge-Hedging take profit in pips;
- sl-Stop loss in pips;
- Drawdown Percentage Settings – Drawdown settings in percent
- DDPercent-Drawdown percentage to limit losses;
- MaxSlippage – Maximum slippage in pips;
- ClosePending-Delete pending orders, true/false;
- System Support Settings-Expert Advisor settings, use the default values or select the values by optimizing
- Alligator Variables – Alligator Parameters:
- JawPeriod – Period of the jaw, 13;
- JawShift-Jaw displacement, 8;
- TeethPeriod – Period of teeth, 8;
- TeethShift-Offset of teeth, 5;
- LipsPeriod – Lip period, 5;
- LipsShift-Lip offset, 3;
- AdxPeriod – Period of the Average Directional Movement Index indicator;
- ADX Variables – ADX Parameters:
- Adx_Main – Main line period, 25;
- Adx_Plus – Line period DI, 20;
- Adx_Minus-Line period-DI, 20;
- Background Settings – Color settings, use the default values or set your own;
- UseTimeAlert – The system will send notifications. Enter true or false;
- StartHour – Trading start hour;
- EndHour – Trading End Hour;
- Timeframe-The system works on timeframes:
- M15
- M30
- H1
- BE_FIX_Pips – A fixed number of pips to convert to breakeven. Please note that the value “BE_FIX_Pips=20” will mean that the EA will move the stop loss to the breakeven level when it reaches 20 pips of profit.
- TL_Fixed – fixed;
- TL_Dynamic – dynamic;
- TL_Recoverstop – recovery of losses;
- UseRecoveryDynamic-Dynamic Recovery Settings:
- F_Gap-recovery zone coefficient, 1.0-3.0;
- F_tp-target take profit ratio, 1.0-3.0;
- F_hedge-hedging take profit ratio, 1.0-3.0;
- F_sl-stop loss ratio, 1.0-3.0;
- UseRecoveryFixed-Fixed Recovery Settings:
- Gap-Recovery zone in pips;
- tp-Target take profit in pips;
- tp_hedge-Hedging take profit in pips;
- sl-Stop loss in pips;
- F_Gap-recovery zone coefficient, 1.0-3.0;
- F_tp-target take profit ratio, 1.0-3.0;
- F_hedge-hedging take profit ratio, 1.0-3.0;
- F_sl-stop loss ratio, 1.0-3.0;
- Gap-Recovery zone in pips;
- tp-Target take profit in pips;
- tp_hedge-Hedging take profit in pips;
- sl-Stop loss in pips;
- DDPercent-Drawdown percentage to limit losses;
- MaxSlippage – Maximum slippage in pips;
- ClosePending-Delete pending orders, true/false;
- Alligator Variables – Alligator Parameters:
- JawPeriod – Period of the jaw, 13;
- JawShift-Jaw displacement, 8;
- TeethPeriod – Period of teeth, 8;
- TeethShift-Offset of teeth, 5;
- LipsPeriod – Lip period, 5;
- LipsShift-Lip offset, 3;
- AdxPeriod – Period of the Average Directional Movement Index indicator;
- ADX Variables – ADX Parameters:
- Adx_Main – Main line period, 25;
- Adx_Plus – Line period DI, 20;
- Adx_Minus-Line period-DI, 20;
- JawPeriod – Period of the jaw, 13;
- JawShift-Jaw displacement, 8;
- TeethPeriod – Period of teeth, 8;
- TeethShift-Offset of teeth, 5;
- LipsPeriod – Lip period, 5;
- LipsShift-Lip offset, 3;
- Adx_Main – Main line period, 25;
- Adx_Plus – Line period DI, 20;
- Adx_Minus-Line period-DI, 20;
- StartHour – Trading start hour;
- EndHour – Trading End Hour;
- M15
- M30
- H1
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