The ZigZag indicator is a great tool that is utilized in many EAs. It is applicable to various trading styles, such as breakthrough strategies and wave strategies. It is also useful for setting stop profits and stop losses. ADX has two important signals, +DI and -DI. Many strategies place orders based on the golden cross and death cross of these two signals. This EA is similar, entering a long order when a golden cross occurs and a short order when a death cross occurs. Pending orders are placed at the high and low of the previous ZigZag. Use the previous high and low of the ZigZag as a reference to determine the appropriate entry point. If the market breaks through the pending order, initiate a trailing stop loss. This allows you to minimize risk while securing profits. How to use 1. Currency pair: XAUUSD, USDJPY, etc. 2. Time frame: H1 or H4
Total Profit
1,747
