The Zig Zag Ultimate Metatrader 4 Forex Robot is an expert advisor that generates buy and sell market signals based on the default Zig Zag technical indicator found on the MT4 platform.
It uses the following parameters: (ExtDepth = 150, ExtDeviation = 5, and ExtBackStep = 3).
The Zig Zag Ultimate EA deploys a 20% “Percentage of Risk” setting as a means to manage market exposure.
This EA made some really nice profits, take a look at the strategy tester report…
Strategy Tester Report
Find below the ZigZag For Long Term robot strategy tester report for the EUR/USD forex pair on the 15-Minute chart.
The EA made a total profit of $161897.15 from a total of 1606 trades. The largest winning trade generated $5925.64 in profits, while the largest losing trade generated a loss of-$11172.80.
Bars in test: 299979 ticks modelled
Initial deposit: $10000.00
Total net profit: $161897.15
Total trades: 1606
Largest profit trade: $5925.64
Largest loss trade: -$11172.80
Consecutive wins: 15
Consecutive losses: 3
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: IsMicroAccount, CompletedBars, TradeorAlert, SendMailMode, PlaySounds, MySound, FiveDigits, UseTradingTime, TradingTimeStart, TradingTimeEnd, ClosePositionsNonTH, \orderIncludeTPSL, MaxNumberofPositions, MaxOrderRetry, UseMaximumPercentageatRisk, MaximumPercentageRisk, UseRiskRatio, RiskRatio, UseLotManagement…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the Zig_dan_Zag_Danu_Ultimate_Investment_Long_Term.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)