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Zig Zag Breakout Bot

This Expert Advisor is developed to catch Strong Directional Movements in the Markets - when the market goes out of Range (Range Breakout) or when it follows the Trend (Trend Breakout), or when trading News Data. The Bot will open a Long position at the first value of the ascending Zig Zag. The Bot will open a Short position at the first value of the descending Zig Zag. The main Advantage of this Bot is that it adds positions to already profitable ones and thus we maximize the Profit from the Caught Movement.

 

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Zig Zag Multi Time Frame Indicator counts in how many consecutive candlesticks the current Zig Zag "lit" on the different Time Frames. It can be used for both trend signal strategies and range breakout strategies. Shows simultaneously on all Frames in how many candles we have had Zig Zag value in the current swing. The Zig Zag period can be adjusted in the Indicator settings.
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This Expert Advisor is developed to trade the signals from the Zig Zag Indicator. The Bot opens Long positions, at the first value of the descending Zig Zag Indicator, and closes them at the appearance of an ascending Zig Zag. The Bot opens Short positions, at the first value of the ascending Zig Zag Indicator, and closes them at the appearance of a descending Zig Zag. EA is suitable for both Range trading and Trend trading.
Zig Zag Multi Time Frame Indicator counts in how many consecutive candlesticks the current Zig Zag "lit" on the different Time Frames. It can be used for both trend signal strategies and range breakout strategies. Shows simultaneously on all Frames in how many candles we have had Zig Zag value in the current swing. The Zig Zag period can be adjusted in the Indicator settings.
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This Expert Advisor is developed to trade the signals from the Zig Zag Indicator. The Bot opens Long positions, at the first value of the descending Zig Zag Indicator, and closes them at the appearance of an ascending Zig Zag. The Bot opens Short positions, at the first value of the ascending Zig Zag Indicator, and closes them at the appearance of a descending Zig Zag. EA is suitable for both Range trading and Trend trading.
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Version 1.23 2023.06.01
Added Option to choose Initial Lot Size
Version 1.22 2023.06.01
Added Option to choose Initial Lot Size
Version 1.21 2022.10.15
Bux fixed
Version 1.20 2022.09.29
Added checking and correction of input parameters with alerts and log entries.