Forex Zigzag Luck Expert Advisor

Forex Zigzag Luck Expert Advisor review:

New 2014 trading robot Zigzag of Luck! First it was only an indicator, which won great popularity among traders! We have decided to use this wonderful indicator as a basis for creating a trading robot that would help traders to trade without any interference.

Key Advantages of the EA:

  • Analysis of an additional powerful indicator for decision making (improved, modified, with a better filter).
  • Non-redrawable indicator algorithm compared to standard indicators!
  • The robot successfully distinguishes orders and monitors only its own orders. You can trade manually on the same account, the Robot will not take your orders.
  • The robot works with any DCs, even with a mini account of 0.01 lot!
  • The system can work against the market (reverse).
  • Multicurrency trading, up to 20 currencies at once!

Test results:

Forex Zigzag Luck Expert Advisor

Parameters:

  • RunWork – runs immediately in the market (true), or later based on the signal (false).
  • ExpertID – the ID for the EA to know its positions.
  • Slippage – slippage in points.
  • Revers – trading on the reverse signal of the indicator.
  • TP – take profit.
  • SL – stop loss.
  • Lots – lot size.
  • LevelProfit – profit level, at which the lot will be increased or not, for example, use 5; if profit is less than 5 points, the lot increases by the addLots parameter.
  • AddLots – the lot will be increased by this value in case of loss.
  • StopMaxLots – maximum lot, after which it will not be increased.
  • ZZ.Period – the period of the ZigZag indicator.
  • ZZ.Length – the values of the ZigZag indicator.

To use a fixed lot, e.g. 0.01, you need to change the following parameters:

  • Lots = 0.01
  • AddLots = 0
  • StopMaxLots = 0.01

Download our other Free Forex Robots For Metatrader 4

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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