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SMak ZigZag EA

5

The signal to open BUY or SELL orders is formed based on the data received from the " SM ZigZag "indicator. As soon as the indicator shows the formation of a downtrend (red line), the Expert Advisor places a BUY order with the set lot (the ability to choose in the settings whether it will be fixed or dynamic).


After placing the first BUY order with the initial lot, until the indicator has formed a blue line (an uptrend), the next BUY orders are placed after a certain step, which is changed according to the coefficient and with an increase in the lot, according to the coefficient.

All this continues until the " SM ZigZag " indicator forms a blue line (an uptrend). As soon as the trend change line is formed, all orders that were opened are closed and the process of placing SELL orders begins, according to the same scheme as the previous one with BUY.

The second indicator, " SM trend cloud ", has an equally important task. It forms "clouds" of two colors, green – an uptrend and orange – a downtrend. So, if a BUY order command is formed on the first indicator, i.e. after the formation of the red line, and the cloud of the second indicator is green, the step and lot increase coefficients work as described above. If the cloud is orange, the lot and the step of subsequent orders of this series are equal to the first value, i.e. they are not multiplied by coefficients, but correspond to the initial values with equal intervals and Lots with an unchanged lot. These actions are necessary to reduce the drawdown in the event of a sudden trend reversal.

The Expert Advisor has a control panel located on the chart (the orientation is adjustable). In the strategy tester, changes to the input data on the penel do not work. To perform optimization, you need to disable:

"ShowPannel" = false

"Draw_ZigZag" = false

"Draw_AndZadC" = false

Due to the fact that the Expert Advisor has built-in indicators, there is a slight delay at the beginning of testing (if you do not disable the indicators, as described above).

The settings of the Expert Advisor and the built-in indicators are intuitive and simple. There are several nuances that you should consider when setting up:

When "ReverceClose" = false

Stop and Take - real bets are placed

Thrall is working

MoneyTP, MoneySL, PercentTP,PercentSL-DO NOT work

When "ReverceClose" = true

Stop and Take - virtual bets are placed

The thrall DOESN'T work

MoneyTP, MoneySL,PercentTP, PercentSL - work

The Expert Advisor is perfect for those traders who like to participate in the trading process, monitor its process. I kindly ask you to soberly assess the risks and comply with the rules of Money Management and Risk Management!

The recommended timeframe is D1


Reviews 1
nikolas1163
276
nikolas1163 2022.04.29 13:38 
 

Excellent EA, if configured with correct parameters and proportionates to the capital it produces exceptional gains with very low drawdowning on the DEMO platform. In the next few days I will working in REAL and will update this review. Congratulations to the author!

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Way To Stars is a night scalping EA specifically designed to trade during periods of low market volatility to capitalize on low-risk opportunities. This night scalping EA focuses on capturing small price movements for frequent trading, thereby accumulating profits over time. It employs strict stop-loss measures to limit potential losses per trade, ensuring effective risk management. Way To Stars is a genuine and honest trading system that does not rely on purported neural networks, artificial i
Gold Excel MT5
Gregory Hay
4.57 (14)
Experts
Welcome to   GoldExcel EA , an effective trader for the XAUUSD pair (GOLD). Developed by our team to work in normal accounts, funded prop accounts and prop challenges! Does not use HFT! See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller **V3.0 Update Read Blog :  https://www.mql5.com/en/blogs/post/756411 ***IMPORTANT ANNOUNCEMENT DST TIME CHANGES - USERS PLEASE READ****:   https://www.mql5.com/en/market/product/111410?source=Site#!tab=comments&page=2 ***Next price r
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Experts
Hamilton: Your Gateway to Profitable CAD Trading Embark on a transformative journey in the world of forex trading with Hamilton, the latest addition to my suite of expert advisors. This sophisticated EA is designed to navigate the complex landscape of Canadian Dollar pairs and their crosses, delivering consistent results through its innovative approach. Hamilton employs a unique blend of popular indicators, including volume, trend, and trend reversal, to create a powerful trading strategy. By an
Daytrade Pro Algo MT5
Profalgo Limited
4.5 (10)
Experts
Launch Promo: Limited number of copies available at current price Final price: 990$ NEW: get 1 EA for free! (for 2 trade accounts) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP: Click here Set Files Welcome to DayTrade Pro Algo!  After years of studying the markets and programming different strategies, I have found an algorithm that has everything a good trading system needs: It is broker independent It is spread independent
Quantum Gold Emperor MT5
Bogdan Ion Puscasu
4.88 (24)
Experts
Introducing   Quantum Gold Emperor EA , the groundbreaking MQL5 expert advisor that's transforming the way you trade the prestigious XAUUSD(GOLD) pair! Developed by a team of experienced traders with trading experience of over 13 years. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. ***Buy Quantum Gold Emperor EA and you could get Quantum Trade EA for free !*** Ask in private for more details Live signal : Click
Dark Catcher mt5
Marina Arkhipova
5 (2)
Experts
"Dark Catcher" is your night hunter in a world of financial opportunity, where every dark shadow of the market becomes a source of light. This advisor is your reliable assistant, helping you penetrate the darkest corners of the market and identify prospects for successful trading. Let "Dark Catcher" illuminate your path to financial independence and achieving your goals in the financial market. About the advisor: “Dark Catcher” uses a Bollinger Bands channel, CCI indicator and several filters t
Euro Dealer
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4.11 (9)
Experts
Euro Dealer: Unleash the Power of EUR Trading Prepare to revolutionize your forex trading experience with Euro Dealer, a cutting-edge expert advisor that harnesses the immense potential of EUR currency pairs. This meticulously crafted EA is the product of countless hours of research, development, and rigorous testing, ensuring that you have access to a powerful and reliable tool for your trading arsenal. Euro Dealer specializes in trading seven major EUR pairs, including EURAUD, EURCAD, EURCHF,
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SMTrendLine
Sergei Makarevich
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The SMTrendLine indicator is based on the principles of graphical construction of Bollinger bands. Graphically, the Bollinger is two lines that limit the price dynamics from above and from below, respectively. These are a kind of support and resistance lines, which most of the time are located at levels far from the price. As we know, the Bollinger bands are similar to the envelopes of moving averages. The difference between them is that the envelope boundaries are located above and below t
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SM ZigZag
Sergei Makarevich
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It so happened that it is no longer necessary to write about the principles of operation of indicators of this type. The presented indicator redraws the trend direction until it changes to the opposite. whether this is right or not is up to you to judge. It works well together with SM trend Cloud, which is implemented in the SMak ZigZag EA  and Pyramid EA  Expert Advisor code. When these two indicators work together, it is possible to determine the further trend movement with a high degree of pr
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Sergei Makarevich
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In the SM Trend Cloud indicator, two buffers are used for calculation and rendering. One of the main advantages of this tool is its simplicity, while its signals can be quite accurate. But, again, we have a trend indicator in front of us, and therefore it will generate false signals mainly in conditions of consolidation. At the same time, I do not advise using the indicator in its own form, there is no way to do without additional filters. As an additional signal, I suggest using ZigZag indicat
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The SM_GOLEM EA Expert Advisor is designed to work on accounts with an initial deposit of 100 units or more. On cents, it is desirable to use at least 3000 units. The algorithm of the Expert Advisor works as follows: entering a trade at the beginning of the bar with a growing signal of the ROC oscillator, exiting the market at the end of the bar when the CCI (Commodity Channel Index) is below the level line. The Expert Advisor was optimized on an hourly timeframe, since it was supposed to be us
Pyramid EA
Sergei Makarevich
Experts
The Expert Advisor is based on the work of two indicators SM ZigZag and SM trend cloud . The signal to open BUY or SELL orders is formed based on the data received from the " SM ZigZag "indicator. As soon as the indicator shows the formation of a downtrend (red line), the Expert Advisor places a BUY order with the set lot (the ability to choose in the settings whether it will be fixed or dynamic). After placing the first BUY order with the initial lot, until the indicator has formed a blue
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Pyramid Order Manager is a utility based on the work of two indicators SM ZigZag and SM trend cloud . With the help of this utility, the trader has the opportunity to set instant or pending orders on the chart in a short time with his lot, take profit and stop loss, as well as the number of orders in the grid, the coefficients of the lot and step change. The utility has two built-in indicators, listed above, with the ability to disable them. A distinctive feature of this utility is the poss
SM ZigZagSAR
Sergei Makarevich
Indicators
The ZigZag indicator, which has already become common and familiar to any trader, has acquired new forms and received additional reinforcement by including the results of Parabolic SAR analysis in its team. The tandem of these two indicators shows excellent accuracy in determining the direction of the trend and timely receiving a signal about its reversal. The main signals on the chart are red and blue markers (if desired, the colors can be changed). Blue marker - we start selling, red-purchases
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nikolas1163
276
nikolas1163 2022.04.29 13:38 
 

Excellent EA, if configured with correct parameters and proportionates to the capital it produces exceptional gains with very low drawdowning on the DEMO platform. In the next few days I will working in REAL and will update this review. Congratulations to the author!

Sergei Makarevich
7762
Reply from developer Sergei Makarevich 2022.04.29 16:45
Спасибо за Вашу оценку))) Удачи и профита!
Reply to review
Version 1.1 2021.09.13
minor changes