ZigZag Swings
- Experts
- Version: 1.200
- Updated: 19 August 2025
- Activations: 10
ZigZag Swings EA for MT5
Discover High-Probability Swing Trades with Precision.
The ZigZag Swings EA is a powerful expert advisor designed for traders who prefer clear market structure, swing points, and clean risk-to-reward setups. It automatically identifies significant highs and lows using the ZigZag indicator and executes trades at key reversal areas, capitalizing on market swings in both trending and ranging environments.
✅ Core Features:
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ZigZag-Based Swing Entry Logic: Detects major swing highs/lows using customizable ZigZag parameters.
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Dynamic Trade Direction: Trades both bullish and bearish swings based on price action confirmation.
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Multi-Timeframe Filtering (optional): Filter trades using higher timeframe trend direction for enhanced accuracy.
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Risk Management Tools:
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Fixed or percentage-based lot sizing
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Configurable SL/TP in pips
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Optional breakeven and trailing stop
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Time & Session Filters: Trade only during your preferred market hours or sessions.
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Visual On-Chart Panel (optional): Monitor trade status, trend direction, and signal confirmations.
🧠 Strategy Overview:
The EA enters buy positions near swing lows and sell positions near swing highs, only when price structure and optional filters MACD align. Perfect for traders who love structure-based swing trading, especially on M30, H1, or H4 charts.
🏆 Ideal For:
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Swing traders
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Prop firm traders
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Traders seeking mechanical structure-based entries
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Those looking for a low-frequency, high-reward EA strategy
Parameters Description
🔹 Trade Settings
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StopLoss – Fixed stop loss in pips for each trade.
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TakeProfit – Fixed take profit in pips for each trade.
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EveryTickOrNewCandle – Choose if signals are checked on every tick or only on a new candle.
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MaxPositions – Maximum number of open positions allowed at the same time.
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MinStepPositions – Minimum price step (in points) between multiple open positions.
🔹 Trailing Stop
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Trailing – Enable/disable trailing stop function.
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TrailingActivate – Profit level (in pips) at which trailing stop starts working.
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TrailingStop – Distance (in pips) between price and stop loss while trailing.
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InpTrailingStep – Step (in pips) to move stop loss as price moves further into profit.
🔹 Risk Management
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RiskOrManual_Lot – Select whether to use fixed lot size or percentage risk.
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LotOrRiskValue – Lot size (if fixed) or percentage of account balance/equity to risk (if risk mode).
🔹 Time Control
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TimeControl – Enable/disable trading time filter.
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StartHour / StartMinute – Start time of allowed trading session.
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EndHour / EndMinute – End time of allowed trading session.
🔹 Profit Management
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UseEquityTrailing – Enable/disable equity trailing stop.
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StartPercent – Percentage profit level at which equity trailing begins.
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TrailPercent – Percentage step to lock profit once equity trailing is active.
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UseCloseTime – Enable/disable automatic closing of trades at a specific time.
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CloseTime – Exact time to close all open positions (if enabled).
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MaxDrawdownPercent – Maximum allowed account drawdown in percent.
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CloseTradesOnDrawdown – If true, all trades are closed once drawdown limit is reached.
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PercentTP – Percentage target of account balance/equity for closing all trades.
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CloseTradesOnPercentProfit – If true, EA will close all trades once target percentage profit is reached.
🔹 Other Features
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InpOnlyBuyOrSell – Restrict EA to only buy trades, only sell trades, or both.
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InpCloseOpposite – Close existing trades if an opposite signal appears.
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InpAllowSingleEntry – Allow only one trade per signal (no repeated entries).
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InpAllowSignalCloseTrade – Allow signal logic to close open trades automatically.
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InpPrintLog – Enable/disable printing of EA activity to the terminal log.
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InpFreezeCoefficient – Freeze level coefficient (used for brokers with freeze level restrictions).
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Slippage – Maximum allowed slippage in points for order execution.
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InpMagic – Unique identifier (magic number) for trades opened by this EA.
