ZigZag Signal - MetaTrader 4 Script - MQL5 #14029 - MT4/MT5 Resources
The signal is based on the Zigzag indicator.
Implement the following pattern:
A — Double bottom, C level is higher than B level, that is, D level is higher than C level.
It is best to use the default parameters on EURUSD M15 , other periods are also acceptable.
As the ZigZag redraws , it is best to test this indicator in the Strategy Tester .
The image shows a series of signal triggers arranged in descending chronological order from the moment of indicator release, EURUSD M15 was used.
These images were taken in the strategy tester.
Attachment download
📎 zigzag.mq4 (8.21 KB)
📎 zigzagsignal.mq4 (4.9 KB)
Source: MQL5 #14029
ZigZag Signal - MetaTrader 4 Script - MQL5 #14029 Usage and Filtering Advice
ZigZag Signal - MetaTrader 4 Script - MQL5 #14029 is a resource related to trading scripts. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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