The Fractal ZigZag expert advisor for MT4 is a fully automated EA that uses the no-repaint Fractal ZigZag technical indicator for its buy/sell trade logic.
It buys and sells currency pairs based on the previous market swing highs and lows prices.
The expert advisor will work for any currency pair and time frame.
According to the programmer, the EA will work better on the higher time frames (1-hour chart and above).
Default EA settings:
Take profit:25 pips, lots:1, initial stop loss: 20
Use the default settings for automated trading on the M15 chart.
For trading off the H1 chart and up, experiment with a larger take profit target and use a bigger stop loss.
All default EA settings can be modified directly by editing the source code or changing the robot’s input values.
It’s highly recommended to test the Fractal ZigZag expert advisor for MT4 first on a demo account before going live with it.
Download This MT4 Forex Robot Free
Strategy Tester Performance Report
Find below the MT4 strategy tester performance report the Divergence Forex expert advisor.
Strategy Tester Performance Highlights
The Fractal ZigZag MT4 robot made a total profit of $360010.00 from 26370 trades during the test period.
The largest winning trade generated $250.00 in profits, while the biggest losing trade lost -$228.80.
See the test results report above for all details.
Download This Expert Advisor Now
Lots, take profit, trailing stop, stop loss, slip, level
More Info About This Expert Advisor
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.