EXPERT ADVISORY FOR ISAAC IBRAHIM The basics: This Expert advisory (EA) must be created according to the trading strategy given by Isaac Ibrahim and to fulfill the following: 1- Backtest the strategy for at least 2 years back at any given time with no technical complexity required to be done by Isaac Ibrahim. 2- The backtesting results must clearly show: a. Number of trades for every month during these two years b. Number of wins & losses for every month during these two years c. Number of shorts and longs for every month during these two years d. Total amount of profit and loss in $ every month, based on a fictitious account with a starting balance of $10 000 on day 1 of this two-year period. e. Net profit every month (wins minus losses), based on a fictitious account with a starting balance of $10 000 on day 1 of this two-year period. f. Average loss and highest loss for the whole two-year period g. Average profit and highest profit for the whole two-year period h. Longest loss streak and longest win streak for the whole two-year period 3- Trading automatically every trading session by entering trades with stop loss and profit taking levels according to the strategy given. 4- Risking a certain amount of percentage of the account balance for every trade. The strategy is not based on the number of candles in any shape or form. The strategy is only based on the market structure. The strategy must be possible to be implied on a number of different forex pairs, stocks, metals and indices on Metatrader 5. The input data must be adjustable in the code to make it possible to try different input data to find the most profitable strategy. Forex sessions: Asian session: 01:00 – 06:59 UTC+2 Trading session: 07:00 – 16:59 UTC+2 Milestone 1: Identify fractal highs/lows according to the videos sent to Raphael In order to complete this milestone, the following must be finished: 1- The EA is able to identify every single fractal high and fractal low correctly according to Isaac’s definitions within every trading session The following scenarios are in pictures and text and only for fractal lows. The examples can be mirrored for fractal highs Rules of scenario 1 (single highest “higher high”): 1- A pullback to the downside is identified when a candle with lower high has closed after a candle with higher high. 2- A pullback to the downside is a possibility for a fractal low IF the candle with the highest “higher high” gets broken 3- The candle that breaks the candle with the highest “higher high” must close before proceeding. 4- Looking at the candle that has broken the highest “higher high” and all the way back to the candle with the first “lower high”, we identify the lowest low of these candles. 5- This low is the fractal low. 6- Two different pictures showing two different fractal lows depending on the lowest low. 7- The strategy is not based on the number of candles! The pictures are just examples, and candles can vary in numbers. The idea is based on highs and lows of candles. 8- During this scenario, no previous fractal low should be broken 9- The strategy is not based on the number of candles! The picture is just an example, and candles can vary in numbers. The idea is based on highs and lows of candles. Greens arrows in the pictures pointing at candles’ lows and highs. Yellow marking pointing at several lows. Green arrows are not pointing at yellow marking. Blue arrows identifying a pullback Rules of scenario 2 (double highest “higher high”): 1- A pullback to the downside is identified when a candle with lower high has closed after a candle with higher high. 2- A pullback to the downside is a possibility for a fractal low IF the candle with the highest “higher high” gets broken 3- However, a new pullback is created before the candle with the highest “higher high” is broken. 4- Therefore, there is now a new candle with the highest “higher high” that is followed by a candle with lower high. However, the candle with the highest “higher high” before pullback #1 is still not broken. 5- The candle with the highest “higher high” before pullback #2 gets broken. The candle that breaks the highest “higher high” must close before proceeding 6- In this case we have two fractal lows created at the same time when the candle with the highest “higher high” before pullback #2 gets broken. 7- Looking at the candle that has broken the highest “higher high” before pullback #2 and all the way back to the candle with the first “lower high” within pullback #2, we identify the lowest low of these candles. This is one of the fractal lows. 8- Looking at the candles that have been formed from the candle whose high is now broken (the one with the highest “higher high” that is broken before pullback #2” all the way back to the candle with the first “lower high” in pullback #1, we identify the lowest low of these candles. This is another one of the fractal lows. 9- Condition: the lows of the candles in the second pullback must not break the lowest low of the first pullback during this whole scenario. 10-During this scenario, no previous fractal low should be broken 11-The strategy is not based on the number of candles! The picture is just an example, and candles can vary in numbers. The idea is based on highs and lows of candles. Greens arrows in the pictures pointing at candles’ lows and highs. Yellow marking pointing at several lows. Green arrows are not pointing at yellow marking. Blue arrows identifying a pullback Rules of scenario 3 (highest “higher high” in a downtrend): 1- A pullback to the upside is identified when a candle with higher low has closed after a candle with lower low. 2- A pullback to the upside is a possibility for a fractal high IF the candle with the lowest “lower lower” gets broken 3- However, the candle with the lowest “lower low” does not get broken in this scenario. 4- Instead, there is now a candle with the highest higher high (the top of the pullback to the upside) 5- The candle with the highest “higher high” gets broken. The candle that breaks it needs to be closed before proceeding 6- Looking at the candle that has broken the highest “higher high” and all the way back to the candle with the first “lower high”, we identify the lowest low of these candles. 7- This low is the fractal low. 8- During this scenario, no previous fractal low should be broken 9- The strategy is not based on the number of candles! The picture is just an example, and candles can vary in numbers. The idea is based on highs and lows of candles. Rules of scenario 4: 1- A pullback to the upside is identified when a candle with higher low has closed after a candle with lower low. 2- A pullback to the upside is a possibility for a fractal high IF the candle with the lowest “lower lower” gets broken 3- As explained previously, the lowest “lower low” gets broken and we get a fractal high. 4- However, the price direction shifts to the upside when the fractal high is broken. 5- A fractal low is formed Greens arrows in the pictures pointing at candles’ lows and highs. Yellow marking pointing at several lows. Green arrows are not pointing at yellow marking. Blue arrows identifying a pullback