Zig Zag Evge Trofi ver. 1
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Zig Zag Evge Trofi ver. 1
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
Works on a new bar. The nearest vertex of the ZigZag indicator is found:
Vertex at the bar High means a signal to open BUY and to close all existing SELL positions.
Vertex at the bar Low means a signal to open SELL and to close all existing BUY positions.
The
Signal reverse
parameter allows reversing signals.
Input Parameters
Depth
- ZigZag indicator parameter;
Deviation
- ZigZag indicator parameter;
Backstep
- ZigZag indicator parameter;
Volume position
- the volume of a position to open;
Signal reverse
- the flag is responsible for reversing positions;
magic number
- Expert Advisor identifier.
Testing in the "Every Tick" tick generation mode.
EURUSD,M30 (
Signal reverse
== false):
EURUSD,M30 (
Signal reverse
== true):
