The logic of profitable EA is buying on dips and selling on rebounds. Free indicator "Multi-Timeframe Zigzag Trend" introduction

The logic of profitable EAs is buying on pullbacks and selling on retracements.

“Multi-time Zigzag Trend Indicator” to know the trend

■ Overview

・The EA I develop basically uses the logic of buying on pullbacks and selling on retracements.

・When the higher time frame is in an uptrend and the lower time frame changes from a downtrend to an uptrend,

entry occurs, and if either the higher or lower time frame becomes a downtrend,

the position is closed. This logic works well.

・However, it is hard to find indicators that clearly show the direction and strength of the trend.

・Moving averages are commonly used to determine trend direction and strength, but long-period

moving averages on higher time frames have latency.

・What I will introduce this time is a trend that is relatively easy to understand: the “Multi-time Zigzag Trend Indicator.”

・An indicator that shows the Zigzag trend direction in four time frames,

displaying four bars in a sub-window.

It makes the trend direction clear. It does not repaint.

・Free indicator site “Multi-time Zigzag Trend Indicator”

https://www.gogojungle.co.jp/tools/indicators/15982

■ Compatibility with other indicators

・Zigzag

When an upward line appears, display in blue

When a downward line appears, display in red

If no line appears midway, the display color does not change.

・3_Level_ZZ_Semafor

If you set Period1, Period2, Period3 parameters to the same values as Length1, Length2, Length3 respectively,

the color turns blue for whichever of the numbers appears at the top

the color turns red for whichever of the numbers appears at the bottom

and the color changes from the moment the number first appears, not at the position where it finally appears.

■ Application to trading

・When the higher display is blue and the lower display changes from red to blue,

buy entry (yellow line)

・Please use for discretionary trading, EA entry filters, etc.

■ Selling sites

EA “Senju Ban" and “Sanshi Suimei” use the logic of buying on pullbacks and selling on retracements.

“Senju Ban” https://fx-on.com/systemtrade/detail/?id=14944

“Sanshi Suimei” https://fx-on.com/systemtrade/detail/?id=15576