Zigzag Trader EA v102 fxon
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Forward testing (Profit)
Monthly Statistics
- Jan
- Feb
- Mar
- Apr
- May
- Jun
- Jul
- Aug
- Sep
- Oct
- Nov
- Dec
Calendar for Months
About EA's Strategy
Translating...
It will be a modified version of ZigZag Trader EA.
Since the initial settings of the previous version were set to hold quite a large number of positions, this is a stable operation version with reduced initial values for the maximum number of positions and the number of entry lots.
The entry time interval can be adjusted by parameters.
In addition, the batch position trail function was previously used, but this version has been changed to close all positions when a certain profit/loss is reached.
In backtests, this one seems to be more profitable.
The EA itself will be an EA with two zigzag lines.
It will make a short/long entry when the ZigZag line is rising/falling and the current price is back a certain price range from the highest/lowest price of the zigzag line.
(This entry is for a Zigzag reversal.)
Settlement is made when the total pips earned by the open positions reaches the specified value.
It is designed to operate with EURUSD, but can be used with a single currency pair.
If you wish to use the EA for other currency pairs, open the charts for each currency pair and set the EA for each. (*The magic number can be the same value.)
A separate ZigZag indicator is required for this EA to work.
If you do not have the standard MetaTrader indicator, download the indicator file from the link below and save the unzipped ZigZag.mq4 file in the indicators folder in the folder where you installed MetaTrader.
Indicator file: http://miyachi3000.cocolog-nifty.com/blog/files/ZigZag.lzh
Trading Currency: EURUSD
Trading Style: Day Trade to Swing
Trading time frame: 5 minutes
Nanpin use, no martingale use
parameter
Our automated trading software (EA) has the following configuration parameters
Right-click on the chart and select ExpertsAdvisors → Properties → Enter Parameters.
When changing parameters, we recommend that you conduct a thorough back-test and fully understand the characteristics of the new parameters before making any changes.
magic=1220; //*1 magic number
lots=0.02; // initial lot size
ecn=false; //set to true for brokers where orders are countdown-based.
maxtrades=20 //max simultaneous positions
entryspan=240; //The interval between entries (minutes). Only one entry will be made per set time leg (set at 1 hour = 60 4hour=240 Daily=1440 Weekly=10080)
profitpips=45; //Bulk Settlement Price Range (Profit)
losspips=6000; //bulk settlement price range (loss)
When the profit/loss (points) of all positions reaches the profit/loss point, all positions are closed in a single transaction.
As for the losspips value, it is calculated with a setting of 300 pips per position.
Since the maximum number of positions in this setup is 20, the value of losspips is 300*20, which is 6000.
Please adjust the appropriate declaration according to your own settings.
maxspread=0; //max spread (0 is no limit)
Shitt=1; //The foot to enter 0 is the current foot 1 is entered after the foot is fixed.
<Caution> Please check the latest version in the comments section of the community page for details as the above default values may differ when the version is upgraded.
(*1) This is a unique recognition number for this automated trading software (EA). When using it with other EAs, please change the settings so that it does not conflict with the magic numbers of the other EAs.
(Additional information)
If there is a modified version of this EA, it will be uploaded below.
http://miyachi3000.toypark.in/gate_zigzag/gate.cgi
USER ID :The alphanumeric part of the e-mail address registered at the time of purchase (omitting @ - _).
Example: aaa6@b_b-b.yahoo.co.jpであればaaa6bbbyahoocojpになります.
PASSWORD :zigzag
Currently v103 and v103mod are available. (see community page for details)
2012/5/20 v104 has been created and uploaded. (For details, please refer to the file after the DL)
Other supplementary information and support information for EA can be found in the following pages, which you may also find useful if you are interested.
You can find fx-on related information on the left sidebar of the top page.
http://miyachi3000.cocolog-nifty.com/blog
Price: $129.32 (taxed)
￥20,572(taxed)
●Payment
Sales from : 02/01/2012 05:29
Price: $129.32 (taxed)
￥20,572(taxed)
●Payment
Just like discretionary trading, there are those that decide trading and settlement timings by combining indicators, those that repeatedly buy or sell at certain price (pips) intervals, and trading methods that utilize market anomalies or temporal features. The variety is as rich as the methods in discretionary trading.
To categorize simply,
・Scalping (Type where trades are completed within a few minutes to a few hours),
・Day Trading (Type where trades are completed within several hours to about a day),
・Swing Trading (Type where trades are conducted over a relatively long period of about 1 day to 1 week)
・Grid/Martingale Trading (Holding multiple positions at equal or unequal intervals and settling all once a profit is made. Those that gradually increase the lot number are called Martingale.)
・Anomaly EA (Mid-price trading, early morning scalping)
However, a substantial advantage of automated trading is its ability to limit and predict risks beforehand.
[Risk]
Inherent to forex trading are the trading risks that undeniably exist in automated trading as well.
・Lot Size Risk
Increasing the lot size forcibly due to a high winning rate can, in rare instances, depending on the EA, lead to substantial Pips loss when a loss occurs. It is crucial to verify the SL Pips and the number of positions held before operating with an appropriate lot.
・Rapid Market Fluctuation Risk
There are instances where market prices fluctuate rapidly due to index announcements or unforeseen news. System trading does not account for such unpredictable market movements, rendering it incapable of making decisions on whether to settle in advance or abstain from trading. As a countermeasure, utilizing tools that halt the EA based on indicator announcements or the VIX (fear index) is also possible.
[Benefits]
・Operates 24 hours a day
If there is an opportunity, system trading will execute trades on your behalf consistently. It proves to be an extremely convenient tool for those unable to allocate time to trading.
・Trades dispassionately without being swayed by emotions
There is an absence of self-serving rule modifications, a common human tendency, such as increasing the lot size after consecutive losses in discretionary trading or, conversely, hastily securing profits with minimal gains.
・Accessible for beginners
To engage in Forex trading, there is no prerequisite to study; anyone using system trading will achieve the same results.
[Disadvantages]
・Cannot increase trading frequency at will
Since system trading operates based on pre-programmed conditions, depending on the type of EA, it might only execute trades a few times a month.
・Suitability may vary with market conditions
Depending on the trading type of the EA, there are periods more suited to trend trading and periods more suited to contrarian trading, making consistent results across all periods unlikely. While the previous year might have yielded good results, this year's performance might not be as promising, necessitating some level of discretion in determining whether it is an opportune time to operate.
・MT4 (MetaTrader 4. An account needs to be opened with a Forex company that offers MT4.)
・EA (A program for automated trading)
・The operating deposit required to run the EA
・A PC that can run 24 hours or a VPS (Virtual Private Server), where a virtual PC is hosted on a cloud server to run MT4.
Additionally, there are both demo and real accounts available. You can experience trading with virtual money by applying for a demo account. After opening a real account, you select the connection server assigned by the Forex broker, enter the password, and log in to the account.
When you deposit money into your account using the method specified by the forex broker, the funds will be reflected in your MT4 account, and you can trade.
Firstly, download the purchased EA file from your My Page on GogoJungle. You will download a zip (compressed) file, so right-click to extract it and retrieve the file named ‘◯◯◯ (EA name)_A19GAw09 (any 8 alphanumeric characters).ex4’ from inside.
Next, launch MT4 and navigate to ‘File’ → ‘Open Data Folder’ → ‘MQL4’ → ‘Experts’ folder, and place the ex4 file inside. Once done, close MT4 and restart it. Then, go to the upper menu ‘Tools’ → ‘Options’, and under ‘Expert Advisors’, ensure ‘Allow automated trading’ and ‘Allow DLL imports’ are checked, then press OK to close.
The necessary currency pair and time frame for the correct operation of the EA are specified on the EA sales page. Refer to this information and open the chart of the correct currency pair time frame (e.g., USDJPY5M for a USD/Yen 5-minute chart).
Within the menu navigator, under ‘Expert Advisors’, you will find the EA file name you placed earlier. Click to select it, then drag & drop it directly onto the chart to load the EA. Alternatively, you can double-click the EA name to load it onto the selected chart.
If ‘Authentication Success’ appears in the upper left of the chart, the authentication has been successful. To operate the EA, you need to keep your PC running 24 hours. Therefore, either disable the automatic sleep function or host MT4 on a VPS and operate the EA.
If you want to use it with an account other than the authenticated one, you need to reset the registered account.
To reset the account, close the MT4 where the Web authentication is registered, then go to My Page on GogoJungle > Use > Digital Contents > the relevant EA > press the ‘Reset’ button for the registration number, and the registered account will be released.
When the account is in a reset state, using the EA with another MT4 account will register a new account.
Also, you can reset the account an unlimited number of times.
→ Items to Check When EA is Not Operating
1 lot = 100,000 currency units
0.1 lot = 10,000 currency units
0.01 lot = 1,000 currency units
For USD/JPY, 1 lot would mean holding 100,000 dollars.
The margin required to hold lots is determined by the leverage set by the Forex broker.
If the leverage is 25 times, the margin required to hold 10,000 currency units of USD/JPY would be:
10000*109 (※ at a rate of 109 yen per dollar) ÷ 25 = 43,600 yen.
・Risk-Return Ratio: Total Profit and Loss during the period ÷ Maximum Drawdown
・Maximum Drawdown: The largest unrealized loss during the operation period
・Maximum Position Number: This is the maximum number of positions that the EA can theoretically hold at the same time
・TP (Take Profit): The set profit-taking Pips (or specified amount, etc.) in the EA's settings
・SL (Stop Loss): The set maximum loss pips (or specified amount, etc.) in the EA's settings
・Trailing Stop: Instead of settling at a specified Pips, once a certain profit is made, the settlement SL is raised at a certain interval (towards the profit), maximizing the profit. It is a method of settlement.
・Risk-Reward Ratio (Payoff Ratio): Average Profit ÷ Average Loss
・Hedging: Holding both buy and sell positions simultaneously (Some FX companies also have types where hedging is not allowed)
・MT4 Beginner's Guide
・Understanding System Trading Performance (Forward and Backtesting)
・Choosing Your First EA! Calculating Recommended Margin for EAs
・Comparing MT4 Accounts Based on Spread, Swap, and Execution Speed
・What is Web Authentication?
・Checklist for When Your EA Isn't Working