MidasZigzag EA

4

MidasZigzag EA

This EA is an automated trading system specifically developed for GOLD (XAUUSD) trading. It employs a breakout strategy based on the ZigZag indicator and is optimized for 15-minute timeframe trading.


Recommendations:

  • Currency Pair: XAUUSD (GOLD)
  • Timeframe: M15 (15-minute)
  • Minimum Deposit: $500
  • Account Type: ECN, Raw, or Razor with very low spreads
  • Brokers: IC Markets, Pepperstone, Exness, and other low-spread brokers
  • Important: Using a LOW SPREAD account is crucial for optimal results
  • Leverage: At least 1:100, 1:500 recommended
  • Account Type: Hedging
  • I recommend XM as a trading company.


Important Risk Settings

The most crucial parameter when using this EA is "RiskPercentage." This value represents the risk tolerance per trade relative to your account balance, with a default setting of 5.0%. However, users can adjust this value according to their investment style and risk tolerance.

For conservative trading, we recommend setting it between 1.0% to 10.0%, while for more aggressive trading, adjustments within the 10.0% to 30.0% range are suggested. By changing this value, the trading lot size is automatically adjusted, allowing you to control your risk level. Lower values result in safer trading, while higher values offer greater profit opportunities but also increase risk.


Market Condition Recommendations

This EA performs best during trending market conditions. We strongly recommend using this EA when GOLD is in a clear uptrend or downtrend. During ranging/sideways market conditions, the win rate may significantly decrease as breakout signals can produce more false entries. Monitor market structure and consider pausing the EA during prolonged consolidation periods.


Optimized Parameter Settings

All other parameters of this EA have been optimized specifically for GOLD trading. Any changes to these parameters are at your own risk.


remarks

Please understand that because it is free of charge, I cannot always respond to your requests.



    Reviews 4
    Benjamin Afedzie
    4054
    Benjamin Afedzie 2025.07.04 20:45 
     

    best indicator

    jude5508
    48
    jude5508 2025.07.02 19:39 
     

    the back tests were good the bot caught a successful trade that made me thousands in a demo account soon to test it on a real one

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    Experts
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    Experts
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    علی صا
    28
    علی صا 2025.10.19 05:22 
     

    User didn't leave any comment to the rating

    Alesamo
    1588
    Alesamo 2025.07.11 21:26 
     

    Using this EA since about a week now... Thanks to the author for adding a magic number (which actually is industry standard...) and thanks for providing it for free initially, but current forward testing results are not very encouraging... Yes, out of 11 trades last week there were 9 winners, but 2 losing positions (which were tenfold the winners!!!) resulted in a massive loss.... So my clear advice: don't buy this EA now... Just saw that there is a "new" signal for this EA, let's see next week if it's till there and what are the results..

    Benjamin Afedzie
    4054
    Benjamin Afedzie 2025.07.04 20:45 
     

    best indicator

    jude5508
    48
    jude5508 2025.07.02 19:39 
     

    the back tests were good the bot caught a successful trade that made me thousands in a demo account soon to test it on a real one

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