The Zig And Zag trader Metatrader 4 Forex Robot is an expert advisor that adopts the Zig Zag custom indicator in delivering buy/sell market signals.
Ostensibly, the set of logic that defines the buy/sell auto trading alerts is designed to automatically trigger a buy position when the upper Zig Zag appears and a sell order when the lower Zig Zag pops up.
The default parameter for the robot is best suited for trading and should be allowed to run on the 5 Minute charts.
As a final point, with 7 configuration parameters, the EA enjoys an enormous amount of robustness.
Strategy Tester Report
Find below the Zig And Zag trader robot strategy tester report for the EUR/USD forex pair on the 5-Minute chart.
The EA made a total profit of $1528.14 from a total of 183 trades. The largest winning trade generated $245.49 in profits, while the largest losing trade generated a loss of-$78.51.
Bars in test: 27052 ticks modelled
Initial deposit: $10000.00
Total net profit: $1528.14
Total trades: 183
Largest profit trade: $245.49
Largest loss trade: -$78.51
Consecutive wins: 2
Consecutive losses: 2
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Lots, ZZbar, Closebar, Maxord, SI, Tp, magic
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the ZigAndZag_trader.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)