This indicator search top and bottom point by using Zigzac and MA. When signal appear, you shoul open trade and place SL above or below price about 3*ATR(15). Close/TakeProfit when appear opposite signal. You can customize input parameters: + Depth: set from 30 or higher depend symbol + Deviation: set 5 + Stepback: set 3 + MA: set 15 or higher if depth paramenter set high. + It better to use at high timeframe + It can use for all symbol.
Backtest does not tell you all, understand concepts of the EA and accept it's limitations is very important for choosing a good EA. This EA designed by two main concepts of trading, trend and hedging. Most of trades open on trend and EA keeps profit trades for long term, release loss trades on short term and take profit when trend changed. To minimize drawdown money, it creates reverse trades (Hedging) to capture opportunities of trend reversal and getting profit in short term. In this