Zigzag scalper - using existing indicator

Zigzag scalper

Description:

Using existing zigzag indicator from mt4, place trade on upward and downward legs of the indicator as it appears closing on TP SL or breaking the previous high or low.

Entry:

• Place buy when upward leg of indicator is drawn.

• Place sell when downward leg of indicator is drawn.

Exit:

• TP or SL

• Price breaks past previous high/low. Breaks past a low during upward leg or high on downward leg.

Visuals:

• Display zigzag indicator

Settings:

• TP - X pips

• SL - X pips

• Zigzag settings same as mt4 indicator

• spread filter - only place trades equal to or under X POINTS spread

Lot sizing:

• Fixed or dynamic

• Fixed - X Lots

• Dynamic (2 inputs) - use X Lots for ever X$ in balance. E.g use 1 lot for every $100 would result in using 10 lots for a $1000 account raising to 11 lots for $1100.