Silver ZigZag
- Experts
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Fritz Roland Barnard
I've been interested in trading and programming for quite some time, and enjoy spending my free time developing EAs for MetaTrader 5.
I mainly work with price action strategies and spend a lot of time testing different ideas to see what works and what doesn't. - Versione: 1.13
- Attivazioni: 20
SILVER ZIGZAG – Capture the Swing. Follow the Move.
Automated Silver Trading with Intelligent Swing Detection and Dynamic Trade Management.
Silver ZigZag is a fully automated Expert Advisor for MetaTrader 5, developed specifically for XAGUSD (Silver).
Using the ZigZag indicator, the EA identifies emerging market swings and enters potential BUY or SELL opportunities as new directional movements develop.
Rather than waiting for traditional breakout confirmations, Silver ZigZag focuses on identifying new price movements early and managing them through structured risk protection.
HOW SILVER ZIGZAG WORKS
BUY Entries: When a new upward ZigZag leg is detected, the EA evaluates a potential BUY opportunity.
SELL Entries: When a new downward ZigZag leg is detected, the EA evaluates a potential SELL opportunity.
Both trading directions can be enabled or disabled independently, and the strategy operates on the selected chart timeframe.
INTELLIGENT SWING TRAILING
Silver ZigZag does not use a fixed Take Profit target.
Every trade begins with a protective Stop Loss. As the market moves favourably, the EA adjusts the stop according to developing price structure.
For BUY positions, the trailing stop follows confirmed swing lows. For SELL positions, it follows confirmed swing highs.
The trailing system only tightens protection, allowing profitable positions room to develop while protecting gains when market conditions permit.
RISK MANAGEMENT AND PROTECTION
Silver ZigZag includes:
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Percentage Risk or Fixed Lot position sizing.
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Adaptive Spread Protection that adjusts to recent broker spread conditions.
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Economic News Filtering using the MT5 economic calendar.
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Swing-Based Stop Loss and Trailing with separate BUY and SELL settings.
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Entry Cooldown to reduce repeated same-direction entries.
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Configurable Trading Hours with weekend entries disabled.
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Single-Position Management to avoid overlapping EA trades.
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Broker-Aware Trade Validation for safer order execution and modification.
FOUR-PAGE INFORMATION PANEL
The EA features a custom metallic silver trading panel with four dedicated pages:
HOME – Trading status, market structure and account performance.
NEWS – Economic news-filter information.
SPREAD – Live spread monitoring and adaptive protection levels.
PERFORMANCE – Trading statistics and performance information.
BUILT FOR AUTOMATED SILVER TRADING
Silver ZigZag combines price-structure analysis, automated entries and intelligent swing trailing into one configurable trading system.
With adjustable ZigZag parameters, flexible risk management and built-in trading protection, it offers a systematic approach to participating in silver's changing market movements.
SILVER ZIGZAG – Capture the Swing. Follow the Move.
Trading carries inherent risks, and individual results may vary depending on market conditions.
