Fractal ZigZag Expert Advisor for MT4 - Forex Robot EA

Discover the power of the Fractal ZigZag Expert Advisor (EA), a robust Forex robot designed to optimize your trading experience. This versatile EA, coded as "Fractal_ZigZag_Expert.mq4," has been thoroughly tested on LQDFX and FXOpen, ensuring compatibility with any broker.

Unlock the potential of automated trading with this expertly crafted Forex EA. Enhance your trading strategy and explore new possibilities in the dynamic world of Forex. Download the Fractal ZigZag EA now and revolutionize your trading approach.
Test results:
image backtest

The Fractal ZigZag Expert Advisor has been tested using historical data. The test results show that it's a pretty good strategy.

Here are the key points from the report:

Total net profit: 360,010 USD
Gross profit: 2,340,277.20 USD
Gross loss: 1,980,267.20 USD
Profit factor: 1.18 (which means it made more than it lost)
Maximum Array: 7,614.40 USD (a bit of a loss compared to the initial deposit)
Relative Array: 14.58%
Total trades: 26,370 (with more profitable than losing trades)
Accuracy for both long and short positions: 62.25%
Largest profit trade: 250 USD
Largest loss trade: 228.80 USD
Maximum consecutive winning streak: 16 trades
Maximum consecutive losing streak: 5 trades
Overall, the report suggests that the Fractal ZigZag Expert Advisor did well in backtesting. It made a profit, had a relatively low Array, and a good number of profitable trades. However, it's important to remember that past results don't guarantee future success.

A couple more things to note from the report:

The modeling quality is 37.65%, which means the strategy could predict market direction with 37.65% accuracy.
The expected payoff is 13.65, which means it aims to generate 13.65 units of return for every unit of risk taken.
You can download the EA and give it a try, but always remember that trading involves risks.

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Fractal ZigZag Expert Advisor

The Fractal ZigZag Expert Advisor leverages the concepts of fractal patterns and zigzag movements to identify potential entry points for buying and selling. It's an ideal choice for traders looking to navigate the forex world with confidence, even if you're not a programming expert.

The EA's strategy revolves around spotting key market patterns and trends, and here's how it works:

The EA continuously scans the market, looking for two critical elements: fractal patterns and zigzag movements. These patterns can indicate potential turning points or trend continuations.

When the EA identifies a promising setup based on these patterns, it becomes your virtual trading assistant. It evaluates whether it's a good time to enter the market or wait for better conditions.

Once the conditions align with its strategy, the EA takes action. It can either trigger a buy or sell trade, depending on the prevailing market trend. This is where it does the heavy lifting for you, making trading decisions based on its analysis.

The EA offers you the flexibility to adjust various parameters, such as Lot size, Take Profit, Trailing Stop, and Initial Stop. This customization empowers you to manage risk according to your personal preferences and risk tolerance.

Getting Started:

Ready to give it a go? Here's what you need to do:

Download the EA: Grab the .mq4 file and save it on your computer.
Set Up: Open your MetaTrader 4 platform and go to 'File' > 'Open Data Folder.' Inside, locate the 'MQL4' folder, and paste the EA file into 'Experts.'
Activation: Restart MT4, and you'll find the EA in the 'Navigator' panel under 'Expert Advisors.'
Adjust Settings: Customize the following parameters to optimize your strategy:

Level: 2
Take Profit: 25
Lots: 1
Trailing Stop: 10
Initial Stop: 20
Slip: 0
lp: 300
sp: 30

Optimal Settings for Winning Strategy:

Currency Pair: EUR/USD
Minimum Balance: $1,000
Time Frame: 1-hour

Remember, these settings are just a starting point. Feel free to experiment and find what works best for your trading style!

Explaining Strategy Settings:

Level: This parameter determines the depth of the fractal and zigzag analysis conducted by the EA. It influences how sensitive the EA is to potential trading signals.
Take Profit: Take Profit sets the level at which you want to exit a trade when it reaches a certain profit target. It's the point where the EA locks in your gains.
Lots: The Lots parameter allows you to specify the size of your trade, indicating the number of lots or contracts you want to buy or sell in the market.
Trailing Stop: Trailing Stop is a dynamic stop-loss mechanism. It starts trailing behind the price as it moves in your favor. If the price reverses by a specified number of pips, the stop-loss is adjusted accordingly to help protect your profits.
Initial Stop: Initial Stop defines the initial stop-loss level for your trades. It's the price level where the EA will exit a trade if it moves against you.
Slip: Slip is a parameter related to exit orders. It accounts for potential slippage, which is the difference between the expected price and the actual price at which an order is executed.
lp: This is a custom parameter whose specific function may be defined in the EA's strategy or may be utilized for other purposes determined by the user.
sp: Similar to the "lp" parameter, "sp" is another custom parameter, and its function may vary based on the EA's strategy or user preferences.

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