An alternative trading system inspired by advanced market structure concepts from TradingView. Combines Bill Williams Fractals, momentum shifts, and volume confirmation for high-confluence reversal opportunities.
This protocol identifies "echo zones" — previous fractal levels where price has historically reversed with conviction. It waits for momentum confirmation and volume validation before participating.
Placed below the bearish fractal level or at Entry − 1.5 × ATR (whichever provides better protection). Dynamic and structure-based.
Target = Risk × 2.5 (minimum). Partial scaling out at next structural level or use ATR trailing stop to let winners run.
Placed above the bullish fractal level or at Entry + 1.5 × ATR. Always structure-aligned.
Target = Risk × 2.5. Trail stops using ATR multiplier once price moves favorably. Close on opposite fractal formation if desired.
| Parameter | Default Value | Description |
|---|---|---|
| Fractal Period | 5 | Bill Williams standard fractal formation period |
| Awesome Oscillator Periods | 5 / 34 | Fast and slow periods for momentum detection |
| Trend Bias EMA | 200 | Higher-timeframe directional filter |
| Volume MA Period | 20 | Simple moving average of tick/real volume |
| ATR Period & SL Multiplier | 14 / 1.5 | Dynamic stop loss calculation |
| Volume Confirmation Threshold | 1.3× | Minimum volume spike vs average for signal validity |
| Risk per Opportunity | 1.0% | Account equity risked on each new position |
| Reward-to-Risk Ratio | 2.5 : 1 | Minimum profit target multiple of risk |
| Max Concurrent Opportunities | 2 | Maximum simultaneous open positions |
Clear illustrations of signal generation and execution flow
Illustrates how bearish fractal creates an Echo Zone, confirmed by AO momentum shift, volume spike, and EMA bias for a high-probability long entry.
Simple 5-step process from fractal detection to position management. Designed for quick reference during live market hours.
Download the complete, ready-to-use Expert Advisors for MetaTrader 4 and MetaTrader 5. Fully commented with bilingual parameter descriptions.
Files are located in the same directory as this HTML page.