Forex Robot ZigZag MT4 MT5

Updated: Nov 22

Today I want to share a simple and quite profitable ZigZag strategy with you. This EA works with the original ZigZag indicator from metatrader4 or metatrader5. Actually it's a very simple and productive strategy. The main principle of the strategy is pending orders once per day, EA places 2 pending orders everyday at midnight:

  • Buy pending order - always is placed on zigzag higher high price.

  • Sell pending order - always is placed on zigzag lower low price.

Once order is opened, a trailing stop will be used to lock all the profit safely.

If order wasn't reached, then he will be closed on Friday evening, so the next week will start from zero.

Example of how pending orders are placed

You can watch testing video below, this is how it looks on GBPUSD H4 2010-2018

Few examples how strategy backtesting looks like from 2010 - 2018

Inputs menu :

  • Risk - set your desirable

  • Stop loss in pips - set a fixed stop loss size in pips (default 14 pips)

  • Take profit in pips - set a fixed stop loss size in pips (default 21 pips)

  • Slippage - permissible slippage for opening an order (default 2 pips)

  • Open time for pending orders - at this time will be open an orders (default 00:15)

  • Delete pending orders at Friday - at this time order will be deleted at Friday (default 20:00)

  • Trailing stop in pips - set your desirable trailing stop in pips (default 5 pips)

  • Trailing step in pips - set your desirable trailing step in pips (default 1 pips)

  • Trailing start in pips - set your desirable trailing start in pips (default 5 pips)

  • ZigZag settings - bellow set settings for zigzag indicator

  • Depth - default 12

  • Deviation - default 5

  • Backstep - default 3

Try demo for free

ZigZag EA MT4 Demo
Download ZIP • 217KB
ZigZag EA MT5 Demo
Download ZIP • 319KB

Buy full version

Price: €29

  • You will get MT4 MT5 versions

  • Lifetime license

  • Works with any timeframe

  • Works with any market

  • Friendly settings menu

  • Easy to set up

  • There are no any restrictions

  • Unlimited accounts

  • Updates available

  • Bugs free

  • Support

  • You will get "Access 1 Month" plan for free. Plans

Also I recommend to take a look at other paid EA's Here

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