zigzag1.mq4 Forex indicator download

Please download and test this indicator and please reply to this topic bal_eq_ind.ex4 s with your review.
The image is included of the indicator see the image bellow..
graph of the indicator

This ZigZag indicator is a strong tool for spotting key price changes and patterns in the fast-paced world of forex trading. You can adjust it to fit your trading strategy with the 'ExtDepth,' 'ExtDeviation,' and 'ExtBackstep' settings.

The indicator creates a zigzag pattern that helps you find important support and resistance levels and understand how prices are moving. Using this indicator has improved my decision-making.

If you're a forex trader, I highly recommend giving it a try. It's useful for traders at all levels, making it easier to make smart choices and potentially increase your profits.

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I'm a memeber and I'm disappointed that I can't run a lot of EA's because you require to run them on your specified broker. It is ver discriminating for me because I'm from Australia which is highly regulated and I cant sign up with your brokers from Australia.

I paid for member ship and you restrict me to use your EA's. I get your business model but it's still not fair.

So what can you do for me?

Regards

Johannes

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I'm a memeber and I'm disappointed that I can't run a lot of EA's because you require to run them on your specified broker. It is ver discriminating for me because I'm from Australia which is highly regulated and I cant sign up with your brokers from Australia.

I paid for member ship and you restrict me to use your EA's. I get your business model but it's still not fair.

So what can you do for me?

Regards

Johannes

I'm very disappointed with the fact that you're ignoring website information, and you are falsely accusing us that we are forcing you to use specific brokers. You are wrong! We do recommend FXOpen and LQDFX, but we are not obligating you to use them. Over 5000 EAs and over 3000 Forex indicators can be used with any brokers worldwide. Only three bonus EAs are limited to those brokers, but these three EAs were created by the MT4talk team and work best on these two brokers.

Just because an EA is tested on specific brokers, it does not mean that you can only use it with those brokers!

As I mentioned, you can use over 5000 Forex robots with any broker worldwide, but you may need to configure your own settings for your specific broker. There are differences between brokers, so settings that work with one broker may not work with others. Therefore, it's essential to do your homework and establish your own settings tailored to your broker.

The "3 bonus EA" is a gift to you and is not a part of the PRO membership. You even agreed with this by clicking the "agree" checkbox when you purchased the PRO membership. We are not responsible that you are living in Australia, and your country restricts you from using many brokers.

So, I recommend that you read the website information before making baseless accusations again!

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I'm a memeber and I'm disappointed that I can't run a lot of EA's because you require to run them on your specified broker. It is ver discriminating for me because I'm from Australia which is highly regulated and I cant sign up with your brokers from Australia.

I paid for member ship and you restrict me to use your EA's. I get your business model but it's still not fair.

So what can you do for me?

Regards

Johannes

 

I'm very disappointed with the fact that you're ignoring website information, and you are falsely accusing us that we are forcing you to use specific brokers. You are wrong! We do recommend FXOpen and LQDFX, but we are not obligating you to use them. Over 5000 EAs and over 3000 Forex indicators can be used with any brokers worldwide. Only three bonus EAs are limited to those brokers, but these three EAs were created by the MT4talk team and work best on these two brokers.

Just because an EA is tested on specific brokers, it does not mean that you can only use it with those brokers!

As I mentioned, you can use over 5000 Forex robots with any broker worldwide, but you may need to configure your own settings for your specific broker. There are differences between brokers, so settings that work with one broker may not work with others. Therefore, it's essential to do your homework and establish your own settings tailored to your broker.

The "3 bonus EA" is a gift to you and is not a part of the PRO membership. You even agreed with this by clicking the "agree" checkbox when you purchased the PRO membership. We are not responsible that you are living in Australia, and your country restricts you from using many brokers.

So, I recommend that you read the website information before making baseless accusations again!

By the way, FXOpen allows traders from Australia, but you may get lower leverage, which means you need to use a higher starting balance.

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Ready to ZigZag with Custom Moving Average? Let's break it down!

The ZigZag1 Indicator is identifies and capitalizes on trend reversals in the forex market. Its primary strategy is to  spotting significant changes in price patterns.

https://mt4talk.com/viewtopic.php?pid=13787#p13787

Here's how it works step by step:

ZigZag1 indicator closely monitors the highest and lowest prices in the market for the specified period, which is controlled by the ExtDepth parameter.
It checks if the difference between the current price and the previous high or low exceeds a certain threshold. This threshold is determined by the ExtDeviation parameter.
The ExtBackstep parameter helps ensure the reliability of the signals. It smoothens out the results by verifying the consistency of price movements within a given range.
When the indicator identifies a significant change in the price pattern that meets its criteria, it marks these points on the chart. These marked points often form a ZigZag pattern, indicating potential trend reversals.

Adjustable Parameters:

ExtDepth: This parameter determines the depth of the analysis. It represents the number of previous bars that the EA looks back to identify highs and lows. Higher values give a broader perspective but may lead to fewer signals.
ExtDeviation: ExtDeviation sets the deviation threshold for considering a change as significant. It represents the minimum price difference that triggers a signal. A higher value makes the EA less sensitive to minor fluctuations.
ExtBackstep: ExtBackstep controls how many bars back the EA checks for consistency in price movements after identifying a significant change. It helps filter out false signals and smoothens the indicator's performance.

Effective Strategy:

The CMA EA is most effective for identifying and trading trend reversals. It's suitable for traders who want to catch turning points in the market. Here are the suggested settings for an effective strategy:

So, the ZigZag1 indicator is your tool for spotting potential trend reversals in the forex market. It uses a straightforward strategy based on analyzing highs and lows, with adjustable parameters to fine-tune its performance.

Setting it Up:

To get started, download the zigzag1.mq4" file and follow these steps:

Copy the file into the "Indicators" folder in your MetaTrader 4 directory.
Restart MetaTrader 4.
Open a chart.
Drag and drop the Custom Moving Average indicator onto your chart.
Now, you're all set!

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