I have some funny idea.
Do you know that many forex teams from many countries tried to develop the zigzag system? Yes, it is the true.
But everybody knows that indicator (zigzag) can not be usable for the forex at all. So, What did they develop in this case?
Next week we will start to develope our very strategical system.
Sounds great! I think that's a good idea.
Once upon a time some people developed the zigzag system.
5 years ago. At least.
We want to start now.
I will post all the history of the process, all the indicators and EAs which were created before us in others.
I will post all the history of the process here. Because if we want to develop our own strategy we need to know what other people did. But they did a lot.
Several years ago some people tried to develop the EA based on zigzag.
They estimated the standard zigzag indicator and decided that they can not use it. Because zigzag is moving on the chart with big delay almost on the historical data. They estimated this delay in min and created great indicator ZigZagReal.mql, where:
- blue line is standard zigzag line;
- white line is the zigzag real indicator's line moving in the real time (time berween blue and real white line is the delay, it means stardard zigzag was showing the min or max some time ago - delay).
Attach this indicator to the chart and you will see the image (attached).
See the indicators in download area
It was ok but some people wanted to trade manually using this zigzag system. And they created next step of indicators https://www.mql5.com/en/forum/174198
After that they developed several EAs using fractals, patterns etc. Many EAs each of them was very great and different trading system.
They wanted to create one EA only. They created many EAs:
HI, HV A LOOK ON THE ATTACHED INDICATOR AND TELL ME YOUR OPINION.TKS
Once upon a time, 5 years ago, Nemo-X from Latvia said to Eugene5 and Tartan from Russia: let's develop the very simple zigzag EA. They answered: ok it is just a few days.
It was 5 years ago. They finished now only.
Please find the final EAs here :
They developed the PlatinumWarrior as well but did not publish it.
I wanted to post all the history of the development here. But somebody posted BronzeWarrior to the yahoo group without any explanation and I decided to make it shorter.
I want to say only that the people worked very hard developing the zigzag sistems during the almost the 5 years. They are famous now.
One person said: look at this - one line is crossing an other line. What is your opinion? May you develop very simple EA for me?
An other person said: ok, it is just a few days, very simple. It's nothing: very easy
And they were developing it during the 5 years!
I think it is good High-Low zigzag. Look at the pictures: it is your reversal points zigzag together with SHI_Channel1, HL_Activator_NEXT and HiLo_Activator.
But i am not using this system. I was trading manually using some other zigzag system. I still hope that we are able to create EA based on my system.
That is why I posted about zigzag here.
Many people are still asking me to explain more about the development of Zigzag Trading system. I will give you the links to the forums where it was developed.
It was really great story. All russian forex community and all mql2/mql4 programmers from US, Germany etc know about it. It was 3 persons from the different countries. They did not know about each other before and started it several years ago on alpari forum then they moved to Viac forum and probably to the Poul's forum and then two of them after the several years of the development said "enough already" and Tartan finished alone with ARK World Market forum
All the links are in russian language and you can not see any images even before registering. Everybody may register and select english forum interface for more understanding.
But translate it post by post from russian ....
They developed a lot of indicators and EAs and some of them were published on yahoo group several months ago (samuraj EA or harakiri EA etc - I do not remember exact names).
I was like a serial movie during the several years every day: some of them lost the job, then find it, developed EA, improved it, testing and so on. The same with serial movie on TV. Every day. Only 3 persons did everything. Any other people even could not imagine that it is possible to develop it in this way: it was not paid show and they did it for free with no salary and no money at all for the project during the several years.
Final indicator and EAs you may find in download area in this forum. But they were developed everything in mql2 (for MetaTrader 3). Tartan is not very professional with mql4 language and I hope that we will try to convert some of his EAs to the MT4 language.
Once upon a time one person from one country said: look at the image, it is very interesting how this line is crossing an other line. Can you develop EA for me. An other person from an other country said: ok, it is just a few days. Very simple.
And they did it during the 5 years almost every day and never met each other in real life.