About the Chaos Trading EA
The Chaos Trading (System) EA is based on the Chaos Trading System by Bill Williams. It uses the indicators Alligator, Fractals, Awesome oscillator (iAO) and the Accelerator/Decelerator oscillator (iAC)
Entry Strategy
The Chaos Trading EA trades in cycles, which means that the Chaos Trading EA will open more than one trade in the same direction if the corresponding signals are generated.
The first trade (start of a long cycle), is a breakout of an upper fractal if the Alligator lines are showing an uptrend. While this trade is opened the Chaos Trading EA will enter more trades based on the iAO and iAC. Vice versa for short trades.
Exit Strategy
Once the Alligator indicator no longer shows an uptrend (downtrend for short), the Chaos Trading EA will close all trades.
Entry Filters
The user can set all parameters of the Alligator indicator such as the Period and Shift of the Jaw, Teeth and Lips line, the averaging method and the applied price
Entry Strategy
The demo version of the Chaos Trading EA can be used on a demo account as well as on a live account. The functions are limited and the LotSize is fixed to 0.1 Lot.
The Chaos Trading (System) EA is based on the Chaos Trading System by Bill Williams. It uses the indicators Alligator, Fractals, Awesome oscillator (iAO) and the Accelerator/Decelerator oscillator (iAC)
Entry Strategy
The Chaos Trading EA trades in cycles, which means that the Chaos Trading EA will open more than one trade in the same direction if the corresponding signals are generated.
The first trade (start of a long cycle), is a breakout of an upper fractal if the Alligator lines are showing an uptrend. While this trade is opened the Chaos Trading EA will enter more trades based on the iAO and iAC. Vice versa for short trades.
Exit Strategy
Once the Alligator indicator no longer shows an uptrend (downtrend for short), the Chaos Trading EA will close all trades.
Entry Filters
- Moving Average trend filter
- Bollinger Bands trend filter
- Envelope Trend Filter
- Trailing Stop
- Break Even
- Candle Trail
- ATR Trail
- Breakout Padding for the Fractals breakout
- Candle Based Stop Loss
- Close if X pips in profit/loss
- Inverse Strategy
- Money Management
- Time filter
- Close on Timer
- Delete on Timer
- Day filter
- Spread filter
The user can set all parameters of the Alligator indicator such as the Period and Shift of the Jaw, Teeth and Lips line, the averaging method and the applied price
Entry Strategy
- Use Pending Order for Breakout
Set false if you want to use Market Orders instead - Inverse Breakout
Set true if you want to trade the breakout of a lower fractal for a long cycle - Awesome Oscillator
- AO Crosses Zero Line
- 3 Consecutive AO Bars Above Zero
- Not Used
- Accelerator/Decelerator Oscillator
- 2 Consecutive AC Bars Above Zero
- 3 Consecutive AC Bars Below Zero
- Not Used
- Breakout Padding
Define a positive or negative padding for the first breakout trade - Stop Trading After Next Cycle Finished
Set to true if you want the EA to stop trading after the next cycle.
- Close On Alligator
Closes all trades if the direction of the Alligator indicator changes
The demo version of the Chaos Trading EA can be used on a demo account as well as on a live account. The functions are limited and the LotSize is fixed to 0.1 Lot.
