EA based on Zigzag, RSI, %R indicator

MQL4 Esperti

Specifiche

Buy Entry conditions:

1. When latest Zigzag created is zigzag down

2. +DI below -DI

3. Compare current indicators' values when candle closes: +DI increases, - DI decreases, ADX decreases, %R increases, compared to the previous candle

4. (Low of zigzag down of the latest zigzag - Low of zigzag down of the previous zigzag)  must be >=  X pips

   If X >0 ---> trend up ( because zigzag is creating higher lows) 

   If X < 0 --> trend down ( because zigzag is creating lower lows) 

i.e if X= -20 pip --> if current zigzag low distance = -19 --> still satsified buy condition

If the current candle not satisfied candle buy condition  --> wait for next candle to check all conditions again and enter order if satisfied

--> Buy at candle close

When latest candle creates created zigzag up --> looking for sell trade

Sell Entry conditions: vice versa

Only 1 buy/ 1sell at the same time

SL: in pips from the last low zigzag (i.e 10 pips from last zigzag down for buy trade) 

TP: trailing pips ( i.e 30 pips). TP can be turned on/off for automated or manual profit taking

Volume: Fixed input i.e 0.1 lot


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