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Pattern 123 Zig Zag

The EA automatically recognizes the 123 Pattern based on the ZigZag indicator.
  • Visually, draws in real time on the current chart :
    • Pattern 123 based on the given input parameters;
    • the level of the alleged breakout;
    • the estimated level of take profit;
    • input signal line.
  • Not used martingale, grid, hedging and dangerous elements of money management.
  • It is possible to set  allowable values ​​of TakeProfit and StopLoss.
  • Ability to use a fixed transaction volume.
  • The volume of each trade can be calculated automatically, depending on the "Risk Equity ( % )" variable specified in the input parameters.
  • Select the type of trade or work only as an indicator.
  • The selection of the execution type:
    immediate or pending stop orders.
  • Select the type of use of the loss level (stop loss):
    points or price of the point №3 of the Pattern 123.
  • Select the type of use of the profit level (take profit):
    points or calculation relative to the Pattern 123.
  • The ability to set parameters for the search Pattern 123 :
    • the time period and the Depth variable of the ZigZag indicator, on which the Pattern will be searched;
    • the permissible level of the shoulder [2, 3], the size of the shoulder [1,2].

Input parameters

  • The magic number - the advisor's identification number can be -1 (minus one), 0 or any positive number.
    • If "The magic number" is zero, then all open or set orders manually adviser will consider their own.
    • If "The magic number" is -1 (minus one), then all open or established orders manually or other adviser the adviser will consider as their own.
  • Allowed to open orders - you must choose the type of trade from the offered options:
    • No permission to open orders - orders are not allowed.Can be used as an indicator;
    • Only Buy - you can set an order only to buy;
    • Only Sell - set the order only for the sale;
    • Buy & Sell - you can set orders and buy , and sell.
  • Type of execution - you must choose the type of execution from the offered options:
    • Instant/Market Execution
    • Pending Order Stop
  • Fixed lot (volume) - the volume of the order to be placed.
    • If "Fixed lot (volume)" is zero, then the calculation of the volume of the order to be set will be calculated automatically, depending on the variable "Risk Equity (%)" specified in the input parameters.
    • With "Fixed lot (volume)" greater than zero, the parameter "Risk Equity (%)" becomes inactive. And the volume of orders to be fixed will be fixed.
  • Risk Equity (%) - the allowable risk per transaction as a percentage of free funds on the account. With increasing risk, profit increases, but the drawdown also increases.
  • StopLoss Type - type of use of the loss level:
    • No Stop Loss
    • Number - value is used "StopLoss Number"
      • StopLoss Number - level in points;
    • Point #3 - price point # 3 pattern 123.
  • TakeProfit Type - type of use of the profit level:
    • No TakeProfit
    • Number - value is used "TakeProfit Number"
      • TakeProfit Number - level in points;
    • Calculated level - point 3 (price) +/- (the distance between points 1 and 2 * "Level to calculate TakeProfit")
      • Level to calculate TakeProfit - number from 0.001 (it is possible to use Fibonacci levels: 1.000, 1.236, 1.382, 1.618, 1.764, 2.000 and so on ).
  • ZigZag Time Frames - the time period of the ZigZag indicator on which the pattern will be searched. Periods are used:
    • M1
    • M5
    • M15
    • M30
    • H1
    • H4
    • D1
  • ZigZag Depth - variable Depth of the indicator ZigZag, value from 5 to 50.
  • Minimum level 2-3,size 1-2 - the minimum allowable level of the shoulder [2, 3], from the size of the shoulder [1,2]. A number between 0.001 and 0.999.
  • Maximum level 2-3,size 1-2 - the maximum allowable level of the shoulder [2, 3], from the size of the shoulder [1,2]. A number between 0.001 and 0.999.

If you have questions or ideas for improving this Expert Advisor, please contact me.


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