The Fractal ZigZag MT4 expert advisor executes automated buy and sell trades based on the Fractal and ZigZag technical indicators.
It appears to work the best on the 1-hour time frame and above (see the test results below).
This EA uses a 25 pips take profit target with 20 pips initial stop loss.
The trailing stop loss is set to 20 pips by default.
Feel free to experiment with the different input parameter values for optimized performance and use on a demo account first.
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Strategy Tester Performance Report
Find below the Fractal ZigZag Forex robot tester performance report for the EUR/USD currency pair attached to the 1-Hour chart.
The robot made a total profit of $360010.00 from a total of 26370 trades. The largest winning trade generated $250.00 in profits, while the biggest losing trade reported during the testing period was -$228.80.
Overall, the Fractal ZigZag FX MT4 robot traded profitable during the testing period.
Test Period Details:
Bars in test: 10211 ticks modelled
Initial deposit: $10000.00
Total net profit: $360010.00
Total trades taken: 26370
Largest profitable trade: $250.00
Largest losing trade: -$228.80
Consecutive winning trades: 16
Consecutive losing trades: 5
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MT4 Forex Robot Highlights
Supported Currency pairs: Any (majors, minors, currency crosses)
Supported Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Fractals and ZigZag
Trading Platform: Metatrader 4
Type: Expert advisor (EA)
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Lot size, level, take profit, trailing stop, initial stop
How to install and run this FX Robot?
- Copy the Fractal_ZigZag_Expert.mq4 file into the Experts folder of the MT4 platform.
- Then close and restart the MT4 platform.
- Finally, attach the robot to the chart.