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ZigZag Fibo EA

FREE

Published: 16 February 2024

Current version: 1.1

ZigZag Fibo EA

Experts
Andrey Tatarinov
Version: 1.1
Updated: 4 March 2024

The EA trades with the trend. The direction of the trend is determined by the ZigZag indicator.

The Fibonacci grid is superimposed in the direction of the trend. At a given Fibonacci level, a limit order is placed in the direction of the trend.

The following levels are available for placing an order:

23.6
38.2
50.0
61.8
78.6

Stop loss is set to the Fibo level of 100 or specified by the user in the EA settings.

Take profit is set to Fibo level 0 or specified by the user in the EA settings.

Version for MT5 https://www.mql5.com/en/market/product/113194

Settings:

Lot Size - lot size
TakeProfit - take profit value when choosing a fixed TP. 0 - disabling TP
TP Type - take profit type: fixed or Fibo 0
StopLoss - stop loss value when choosing a fixed line. 0 - disabling SL
SL Type - stop loss type: fixed or Fibo 100
Fibo Entry Level Buy - Fibo level for placing a limit order to buy
Fibo Entry Level Sell - Fibo level for placing a limit order to sell
Min Fibo size to place order - minimum Fibo grid size to place an order in points
Close by continue Zigzag - closing an order when a new trend appears according to the Zigzag indicator
Start Trading Time - trading start time
End Trading Time - end time of trading
Trading Monday - allow trading on Monday
Trading Tuesday - allow trading on Tuesday
Trading Wednesday - allow trading on Wednesday
Trading Thursday - allow trading on Thursday
Trading Friday - allow trading on Friday
TrailingSL - enable trailing stop
TrailingSL Activation - trailing activation level in points
TrailingSL Distance - distance to price in points
TrailingSL Step - SL moving step
MagicNumber - magic orders
Slippage - slippage when closing an order
ExpertComment - commentary on orders

more...

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121887704 2024.10.21 12:04 #

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The behavior of different currency pairs is interconnected. The Visual Correlation indicator allows you to display different Symbols on a single chart while preserving the scale. You can determine a positive, negative correlation, or lack thereof. Some instruments begin to move earlier than others. Such moments can be determined when overlaying charts. To display a tool on a chart, enter its name in the Symbol field. Version for MT4 https://www.mql5.com/en/market/product/33063

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The indicator displays important technical levels on the chart. These levels act as support or resistance for the price movement. The most important levels are multiples of 100 and 50 pips. You can also display levels in multiples of 25 pips . When the price reaches the level, an alert or push notification is displayed. MT5 version https://www.mql5.com/en/market/product/69740 Settings Show Levels 100 pips - show levels that are multiples of 100 pips Show Levels 50 pips - show levels that a

FREE

News Robot 4.0 During the release of economic news, the price can overcome tens of points only in the first minute after the release. It is very risky to trade manually during high volatility , as it is difficult to quickly respond to rapidly changing quotes and actual data of a news release. To trade on the news, you need to draw up a scenario in advance , set the maximum risk . Use a specialized professional robot to trade on news. News Robot implements your news trading strategy using bo

129.99 USD

Trend Hunter is a trend following Forex indicator. The indicator follows the trend steadily without changing the signal in case of inconsiderable trend line breakouts. The indicator never redraws. An entry signal appears after a bar is closed. Trend Hunter is a fair indicator. Hover your mouse over the indicator signal to display the potential profit of the signal. For trading with a short StopLoss , additional indicator signals are provided when moving along the trend. Trend Hunter Scanner help

99.99 USD

The Expert Advisor is based on the classic indicator - Relative Strength Index (RSI) 3 strategies of work on this indicator have been implemented: Opening deals directly upon reaching overbought / oversold levels. Opening deals when a reversal pattern is formed on the indicator chart in overbought / oversold zones. Opening trades when the indicator value returns from the overbought / oversold zone. The number of simultaneously open buy and sell orders is set separately. Thanks to this, you can o

59.99 USD

The Expert Advisor is based on the indicator - DeMarker . The Demark indicator was developed by Thomas R. Demark. Demark tried to create an overbought / oversold indicator, which would not have most of the shortcomings of the traditional indicators, the purpose of which was to identify the potential minimums and maximums of the market, based on the demand for the asset and an indication of the extent of riskiness of buying and selling the asset in the current situation. The EA implements two str

49.99 USD

The Expert Advisor opens orders using Stochastic Oscillator . All parameters can be customized and optimized. The EA features three strategies for working with the oscillator: Open deals when the main indicator reaches oversold/overbought levels. Open deals when the main line forms a reversal pattern within oversold/overbought areas. Open deals when the main and signal lines intersect within oversold/overbought areas. The number of buy and sell orders opened simultaneously is set separately. Thi

59.99 USD

The advantage of the Price Surfing indicator is the search algorithm for the extremes of the price of the instrument. Most indicator signals are located at local maximums and minimums of the price . For the convenience of the trader, the potential profit of each signal is displayed on the chart. The indicator does not repainting, the signal appears after the bar is closed. MT5 version https://www.mql5.com/en/market/product/47179 Parameters SendAlert - enable alert of a new signal SendEMail - e

69.99 USD

The advantage of the Price Surfing indicator is the search algorithm for the extremes of the price of the instrument. Most indicator signals are located at local maximums and minimums of the price . For the convenience of the trader, the potential profit of each signal is displayed on the chart. The indicator does not repainting, the signal appears after the bar is closed. MT4 version https://www.mql5.com/en/market/product/46054 Parameters SendAlert - enable alert of a new signal SendEMail

69.99 USD

The EA opens orders based on the Stochastic Oscillator indicator. All indicator parameters can be configured and optimized. The EA implements two strategies for working with this indicator: Opening deals immediately when the main line of the indicator reaches overbought / oversold levels. Opening deals when a reversal pattern is formed by the main line on the indicator chart in overbought / oversold zones. The number of simultaneously open buy and sell positions is set separately. Thanks to t

59.99 USD

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Version 1.1 2024.03.04

- Added setting trading time on Saturday and Sunday