Market / MetaTrader 5 / Utilities /

ZigzagBreakout MT5

110 USD

Demo downloaded: 5

Published: 13 October 2023

Current version: 2.8

ZigzagBreakout MT5

Utilities
Hajime Tsuro
Version: 2.8
Activations: 7

***This is a MT5 version of ZigZag Breaout***

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*****Unlocking the Expertise: EA Source Code for Dedicated Learners
*****Commencing from November 2021, the "EA + source code" version is at your disposal,
*****allowing those who purchase (not rent) this EA to explore its inner workings.
*****To acquire the source code, kindly direct your request, along with purchase information by sending messages to me.
*****Upon confirming your purchase, the source code will be extended to you.

*****< Disclaimer >
*****We provide the source code exclusively for educational purposes, enabling those inclined to delve into the
*****intricacies of real functional code. It's essential to underscore that our team shall not offer any form of support,
*****enhancements, hints, or guidance for improvements. Additionally, reselling the exact source code remains prohibited
*****under all circumstances.

Harnessing a Classic Strategy: Unveiling ZigZagBreakout

This EA adopts a traditional ZigZag strategy—a cornerstone in trading. When significant market movements occur, the EA promptly aligns itself with the prevailing trend, facilitating strategic orders.

Deconstructing the ZigZagBreakout Strategy

While the core concept of the ZigZag strategy is widely available, the EA's innovation lies in the ZigZagBreakout function. Achieving optimal outcomes entails implementation on EURUSD, particularly on the M15 and H1 time frames. Although it demonstrates prowess across various time frames, the recommended hierarchy stands as follows: M15, M30 or H1.

Distinguishing itself from numerous other breakout EAs, the EA's backtest results harmonize remarkably with those from demo and live accounts—an alignment seldom witnessed.

For those seeking deeper insights, I periodically share my ZigZagBreakout results on the community page. For comprehensive explanations, I invite you to explore our dedicated blog: TASFX Blog.

Configuration:

Magic: Assign a unique Magic Number.
EA Comment: Personalize comments for enhanced tracking.
Slippage: Define maximum permissible slippage.
OrderMode: Opt for StopOrder or NormalOrder, each dictating distinct execution methods.
UseAutoLots: Opt for True/False (False implies fixed lots).
Lots: Define lot size for fixed lots.
Risk: Input a percentage (recommended not exceeding 5).
Stoploss: Set stop loss in points.
EntryStoploss: Determine hard stop loss in points (recommended larger than Stoploss parameter).
TakeProfit: Specify take profit amount in points.
MaxSpread: Define maximum allowable spread.
AverageSpread: Specify the number of ticks for calculating average spread points.
StopHour: Halt EA between specified broker time (e.g., 01:00-02:59).
WeekEndDayOfWeek: Opt for Friday, Saturday, or DoNotUse.
WeekEndHour: Cease EA activities from 23:00 (broker time) on the chosen week-end day, including pending orders and existing positions.
StartTrailingStop: Set starting point for trailing in points.
TrailingDistance: Define trailing distance in 0 points.
UseBreakEven: Activate Break Even function (leave "true" if desired).
StartBreakEven: Modify stop loss parameter in points.
BreakEvenProfit: Set desired BreakEven benefit (in Points).
ZigzagDepth, ZigzagDeviation, ZigzagBackstep: Parameters for Zigzag indicators.
OrderBuffer: Gauge the point difference between Zigzag top and current price.
MinVolume: Set minimum parameter for the Volume indicator.
TimeToPauseAfterOrdering(s): Determine seconds to halt orders post last order (Default: 0, implying immediate execution).

With these configurations at your fingertips, you're empowered to navigate the intricacies of the EA, forging a path that aligns with your trading aspirations.

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AutoOrderModify Free is a supporting tool for all Manual and System Forex Traders. It works perfectly for situations like: “I have a nice EA but lacks the Trailing and/or Break Even.” “I’m lazy to calculate SL and TP every time I open a position.” “I want to control all of my manual trades with Trailing/Break even” Anyone interested in this tool but want more function, please try the “ AutoOrderModifyEA Pro ”. The freeware version can’t manage positions by Magic Number but manage ALL positions.

FREE

***** Unlocking the Expertise: EA Source Code for Dedicated Learners ***** Commencing from November 2021 , the "EA + source code" version is at your disposal, ***** allowing those who purchase (not rent) this EA to explore its inner workings. *****T o acquire the source code, kindly direct your request, along with purchase information by sending messages to me. ***** Upon confirming your purchase, the source code will be extended to you. ***** < Disclaimer > ***** We provide the source cod

110 USD

ScalTradeAssistPro: Empowering Manual Forex Traders with Enhanced Support The tool presents itself as a solution tailored to address specific scenarios, such as instances where brokers impose limitations on setting Stop Loss (SL) values in close proximity to the initial position value. Notably catering to the needs of scalping traders, ScalTradeAssistPro steps in with a unique capability—the ability to establish "virtual SL/TP" points. This innovative feature calculates both the Stop Loss and

52 USD

Introducing Early Morning Scalper ATR: Precision Trading During Asian Forex Market A breakthrough in forex trading automation, the Early Morning Scalper ATR Expert Adviser offers a fully autonomous solution meticulously engineered for a specific window of opportunity—the early hours of the Asian Forex market. At its core, this innovative tool employs an advanced algorithm that orchestrates forex trading seamlessly. Augmenting its prowess are sophisticated internal indicators, which deftly ident

90 USD

Manual Forex Trading with Enhanced Functionality "OneClickMagicTrader," a powerful tool designed to cater to the needs of forex traders by simplifying various trading actions. Drawing parallels with the familiar "One Click Trading" feature of the MT4 terminal, OneClickMagicTrader allows traders to swiftly execute BUY or SELL orders with a single click. This tool, a brainchild of an avid trader who identified room for improvement, has now been shared with the entire forex community. Taking a s

30 USD

Unveiling WILD CYCLE EA: A Strategy for Dynamic Market Trends Adaptive Trading in Motion Embarking on the trading landscape from June 2021, the WILD CYCLE EA presents an evolutionary approach to market-trend following. Pioneering a relentless pursuit of profit, this EA deftly adapts to shifting market dynamics. Navigating the Core Strategy At its heart lies a fundamental approach—initiating positions in the direction of positive SWAP, such as the EURUSD SHORT. These positions are meticulously c

60 USD

This is a standard version of ScalTradeAssist Pro . It will work perfectly for situations like: “Broker restricts to set StopLoss value to a very close point from the initial value of the opened position”. These demands are basically for scalping traders and ScalTradeAssist is developed to be able to set the “virtual StopLoss / TakeProfit”. Both StopLoss and TakeProfit are calculated internally. When the positions reach the virtual StopLoss/TakePforit, ScalTradeAssit closes them as norm

30 USD

AutoOrderModifyEAPro: A Vital Aid for Forex Traders, Both Manual and System-based Catering to the diverse needs of forex traders, whether engaged in manual or system-based trading, AutoOrderModifyEAPro emerges as a pivotal tool in this intricate landscape. The tool's efficacy is most evident in scenarios such as: Enhancing EA Strategies: Addressing the common dilemma of lacking Trailing and/or Break Even mechanisms in otherwise promising EAs. Streamlining Position Management: Overcoming the hass

45 USD

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