Zigzag Breakout EA - using existing indicator

Description:

Highs and lows are mapped using zigzag indicator or similar(use provided or create similar), and pending bys are placed at the highs(+buffer) and the same for pending sells at the lows. For every new high or low a new pending order will be placed to replace the last. For every loss, apply multiplier. Reset lot size to base size after win.

Setp:

• Place buystop at high of zigzag

• Place sellstop at low of zigzag

• For every new high, place new buystop and delete old buystop

• For every new low, place new sellstop and delete old sellstop

Entry:

• Price breaks through high or low and activates stop order

Exit:

• Hits TP or SL

Visuals:

• Draw zigzag (or keep visals from provided zigzag indicator)

Settings

(include provided indicator settings)

• TP

• SL

Lot sizing:

• Fixed or dynamic

• Fixed - X lots

• Dynamic - X lots per $X in balance

Recovery:

• Martingale - True or false

• Martingale multiplier - X