Automatic breakout entry using a no-repaint ZigZag!
An eye-opening, non-repainting indicator has arrived!
HighLow_ZigZag Indicator [Non-repainting!]
The standard MT4 Zigzag indicator seems to capture highs and lows perfectly.
Based on that, when ZigZag forms a new high (low), taking the opposite position often leads to failure.
Why is that??
Because it repaints!!!!
Even if it seems to capture them well, whenever a new high or low is set, it will repaint in the same direction.
I think many people, realizing this, discard "repainting Zigzag" as unususable.
It repaints, so it's unusable.
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Yes, the answer is already clear.
All you have to do is not repaint!!
With that idea, I started development... a paradigm shift (truly eye-opening) produced a non-repainting Zigzag.
Furthermore, by incorporating a unique logic different from the usual Zigzag, we succeeded in improving the accuracy of predicting highs and lows.
That means an improvement in the accuracy of forecasting market reversals.
The vertices indicated by a precise indicator can be trusted as supports for drawing support/resistance lines and trendlines.
In FX, I personally think backtesting is extremely important.
Also, the story (strategy) is equally important, I think.
HighLow_ZigZag Indicator [Non-Repainting!] pairs well with Dow Theory and other technical indicators (Bollinger Bands etc. recommended!). If you weave a story (strategy) using them, it will make market judgments easier and there will be no mistakes with small losses and large gains.
It will surely be useful for discretionary trading going forward.
【ZigZagを使用したトレード例】
Written by Tera fx-on.com
