JS-Chaos – expert for MetaTrader 5

The author of the idea: JS_Sergey, the mq5 code author: barabashkakvn.

The Expert Advisor is based on Bill Williams’ strategy.

Bill Williams suggested an excellent market entry at fractal breakout.

Stop Loss is set at the Alligator Lips levels (green line) without a shift, Take Profit is determined based on Fibo levels between the fractal and MA.

The EA enters the market in trend direction using pending orders, expecting the fractal breakout. Take profit is set at the levels of 1.618 and 4.618.

The lot of the first pending order must be twice as large as the second order lot.

Position #2 should be moved to breakeven upon triggering of position #1 take profit at Fibo 1.618.

Trailing: the EA trails positions based on 21-period MA when market is trending.

Positions are closed at the crossover of Alligator Lips and the Open/Close price on bar #1.

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Input Parameters

  • Use time – trade/do not trade in the interval between “Open hour” and “Close hour”;
  • Open hour – trading start time;
  • Close hour – trading end time;
  • Lots – position volume;
  • Indenting from fractals(in pips) – distance from the fractal;
  • Fibo_1 – Fibonacci level 1;
  • Fibo_2 – Fibonacci level 2;
  • Use close positions – enable/disable closing of positions;
  • Use trailing – enable/disable the trailing function;
  • Use breakeven – enable/disable the breakeven function;
  • Breakeven plus (in pips) – the minimum breakeven value;
  • magic number – Expert Advisor identifier.

Results of EA testing on the M30 timeframe (with default settings):

SymbolPassResultProfitExpected PayoffProfit FactorRecovery FactorSharpe RatioCustomEquity DD %Trades
EURUSD03589,84589,841,401,182,090,0608,39421
EURJPY143562,36562,361,501,161,460,06011,93375
EURGBP113293,62293,620,771,080,570,03014,85381
USDJPY32885,70-114,30-0,330,97-0,23-0,01015,57346
USDCAD42884,65-115,35-0,290,96-0,19-0,01019,77397
AUDUSD52835,20-164,80-0,480,95-0,26-0,02018,77344
GBPUSD12772,88-227,12-0,560,95-0,33-0,01021,45408
EURAUD122747,02-252,98-0,630,94-0,41-0,02019,31402
USDCHF22130,49-869,51-2,480,76-0,73-0,09039,45350
AUDJPY91956,90-1043,10-2,630,72-0,76-0,10045,83397
EURCAD161934,13-1065,87-2,320,77-0,73-0,09044,81459
GBPJPY181698,70-1301,30-3,260,81-0,69-0,05062,46399
EURCHF131287,68-1712,32-4,140,54-0,90-0,16062,75414
AUDCAD7916,36-2083,64-5,530,43-0,96-0,26072,25377
AUDCHF8766,41-2233,59-5,180,54-0,96-0,22076,44431
AUDNZD6747,97-2252,03-6,020,42-0,94-0,21079,05374
GBPCHF17662,07-2337,93-5,570,65-0,90-0,10084,41420
CHFJPY10363,74-2636,26-6,220,49-0,94-0,17091,35424
EURNZD15210,11-2789,89-10,040,45-0,93-0,30093,44278
CADCHF19145,87-2854,13-10,770,25-0,99-0,33095,16265

Results of EA testing on the M30 timeframe (with default settings, but “Use close positions” → false):

SymbolPassResultProfitExpected PayoffProfit FactorRecovery FactorSharpe RatioCustomEquity DD %Trades
EURJPY143487,76487,761,721,120,700,05021,66284
EURGBP113366,04366,041,271,090,610,04016,99288
EURUSD03334,82334,821,021,081,140,0409,13329
EURAUD122865,66-134,34-0,430,97-0,13-0,01027,54309
USDCAD42613,52-386,48-1,170,89-0,54-0,04022,70331
USDJPY32540,99-459,01-1,580,89-0,59-0,05024,15291
AUDUSD52511,72-488,28-1,630,86-0,65-0,06023,30300
EURCAD162068,74-931,26-2,840,83-0,62-0,08044,11328
AUDJPY91876,44-1123,56-3,890,73-0,79-0,11047,54289
EURCHF131868,53-1131,47-3,390,70-0,78-0,11046,57334
GBPUSD11834,20-1165,80-3,850,81-0,82-0,08045,44303
GBPJPY181686,64-1313,36-4,220,83-0,70-0,05061,67311
USDCHF21567,90-1432,10-4,960,68-0,84-0,14056,36289
GBPCHF171395,70-1604,30-4,800,76-0,87-0,09059,79334
AUDCAD71198,16-1801,84-5,870,52-0,94-0,23063,65307
AUDCHF81047,31-1952,69-5,710,62-0,95-0,19066,44342
AUDNZD6667,17-2332,83-7,450,44-0,98-0,24078,03313
EURNZD15226,55-2773,45-10,630,52-0,95-0,20092,83261
CHFJPY10179,56-2820,44-10,260,47-0,97-0,30094,16275
CADCHF19144,60-2855,40-11,200,35-0,99-0,29095,21255

Results of EA testing on the M30 timeframe (with default settings, but “Breakeven plus” -> 10):

SymbolPassResultProfitExpected PayoffProfit FactorRecovery FactorSharpe RatioCustomEquity DD %Trades
EURUSD03589,84589,841,401,182,090,0608,39421
EURJPY143562,36562,361,501,161,460,06011,93375
EURGBP113293,62293,620,771,080,570,03014,85381
USDJPY32885,70-114,30-0,330,97-0,23-0,01015,57346
USDCAD42884,65-115,35-0,290,96-0,19-0,01019,77397
AUDUSD52835,20-164,80-0,480,95-0,26-0,02018,77344
GBPUSD12772,88-227,12-0,560,95-0,33-0,01021,45408
EURAUD122747,02-252,98-0,630,94-0,41-0,02019,31402
NZDUSD202338,26-661,74-1,730,82-0,65-0,07033,36383
USDCHF22130,49-869,51-2,480,76-0,73-0,09039,45350
AUDJPY91956,90-1043,10-2,630,72-0,76-0,10045,83397
EURCAD161934,13-1065,87-2,320,77-0,73-0,09044,81459
GBPJPY181698,70-1301,30-3,260,81-0,69-0,05062,46399
EURCHF131287,68-1712,32-4,140,54-0,90-0,16062,75414
AUDCAD7916,36-2083,64-5,530,43-0,96-0,26072,25377
AUDCHF8766,41-2233,59-5,180,54-0,96-0,22076,44431
AUDNZD6747,97-2252,03-6,020,42-0,94-0,21079,05374
GBPCHF17662,07-2337,93-5,570,65-0,90-0,10084,41420
CHFJPY10363,74-2636,26-6,220,49-0,94-0,17091,35424
EURNZD15210,11-2789,89-10,040,45-0,93-0,30093,44278
USDRUB21150,86-2849,14-89,040,00-0,97-1,29097,5532
CADCHF19145,87-2854,13-10,770,25-0,99-0,33095,16265

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