AWARD WINNING FRACTAL WIZARD EA ver. 3.0 JUST RELEASED ON NOVEMBER 1, 2008

Many people believe that the markets are random. Forex traders believe, like Burton G. Malkiel in his book "A Random Walk Down Wall Street" that throwing darts at a dartboard is likely to yield results similar to those achieved by a fund manager.

They do not subscribe to such idea, but truly advocate to the idea that focused attention to the market and rigorous analytical activity will yield solid predictions. They believe that although prices may appear to be random, they do in fact follow a pattern in the form of trends; they determine such trends through the use of fractals. Fractals essentially break down larger trends into extremely simple and predictable breakout and reversal patterns. This has been demonstrated within volatile markets time and time again, and as the basis of their strategies, has yielded consistent returns.

Fractals Wizard EA is a Volatility Breakout Trading System.

Breakout Trading Systems can actually be considered another form of swing trading, (which is a style of short term trading designed to capture the next immediate move). In other words, the trading system is not concerned with any long term forecast or analysis, only the immediate price action.

Volatility Breakout Systems are based on the premises that if the market moves a certain percentage from a previous price level, the odds favor some continuation of the move. This continuation might only last one day, or go just a little bit beyond the original entry price, but this is still enough of a profit to play for. A trader must be satisfied with whatever the market is willing to give.

With a breakout system, a trade is always taken in the direction that the market is moving at the time. It is usually entered via a buy stop or sell stop. The bit of continuation that they are playing for is based on the principle that momentum tends to precede price. There is also another principle of price behavior that is at work to create trading opportunities. That is, the market tends to alternate between a period of equilibrium (balance between the supply and demand forces) and a state of disequilibrium. This imbalance between supply and demand causes "range expansion", (the market is seeking a new level), and this is what causes a trade to be entered.

There are several ways to create short-term volatility breakout systems. The creator of Fractal Wizard EA has found out that different types of systems based on range expansion test out quite similar.

Fractal Wizard EA trading the breakout mode is by using "channel breakouts" which is shown by 2 blue lines at your MT4 chart. • If the price breaks, breakouts above or below the blue lines on your MT4 chart, then a trade is entered.

(NOTE: the breakout times need to be in the trading time zone specified on the EA parameters).

Like most systems, volatility breakout systems will make a fortune in high volatile or runaway markets but tend to lose when conditions get choppy or volume dries up.

They believe that this trading methods are still among the most profitable type of system to trade, and they also feel that the EA will continue to be profitable in the long run. It is "durable" and "robust", though it tends to deteriorate when too large of an order is placed.

Whipsaws are a drag but they are also inevitable when trading a breakout system. Many times Fractals Wizard EA will buy the highs and sell the lows. It takes a great deal of "confidence in the numbers" to trade this type of system. Fractal Wizard EA trading system has been tested with a minimum of 3 years.

On balance, a volatility breakout system can be traded in most markets. However, a market might be very profitable one year and yet perform mediocre at best the next. A portfolio of 2 to 3 high volatility markets seems to work well. Fractal Wizard EA has been tested to work on GBPUSD, GBPJPY and EURJPY markets. The problem with trying to trade too many markets at once is that it can become quite difficult to keep up with the activity level if your parameters are fairly sensitive.

Fractal Wizard EA use a Controllable Risk - the amount of risk which can be predetermined and defined by a money management (the percentage of your account equity you are willing to risk at a given time in one trade) combine with initial stop, break even point stop and trailing stop.

Pros :

• provided with live performance statement

• has been backtested for 3 years with a promising result
• use breakout, fractals strategies and more
• built-in risk and money management
• not averaging, progressive or martingale strategies
• lifetime update for future version
• could be used with most mt4 brokers
• no monthly subscription which save a lot in the long run
• not a scalping ea
• ability to trade in any forex markets
• fully automated trading system

Cons :

• limited to 1 account per license purchased
• no source code
• not allowed on multi accounts

To Download Live And Backtesting Performance Report - Click Here Now!

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