The ZigZag indicator is useful in tasks requiring separation of price movements into separate impulse components. Such tasks usually arise in trading systems using:
classic patterns of technical analysis (flags, pennants, Head and Shoulder, double and triple tops, etc.); the golden ratio and the Fibonacci numbers; harmonic patterns (butterfly, shark, bat, ABCD, etc.); Stochastic and econometric models (ARIMA, GARCH, etc). All these trading systems, one way or another,...
The Expert Advisor implements the "triangular arbitrage" strategy, which is successfully used by hedge funds.
"Triangular" arbitrage refers to a class of market-neutral strategies, in which the profit or loss of open positions does not depend on the direction of the market movement as a whole, but om the relative change of asset prices.
The EA tries to profit prom price divergencies between pairs and their cross courses.
The advantages of the strategy
no risk that market reverses...