Hey traders! Today, let’s dive into the latest release of the ZigAndZag V2 Expert Advisor (EA) for MetaTrader 4. It's based on the well-known ZigAndZag indicator, and trust me, you’ll want to get your hands on this one!
To get started, you’ll still need the original ZigAndZag indicator. You can find it in the Code Base, over on the Forum or check it out here. There’s a lively discussion happening there, so jump in!
What’s new? This version introduces the ability to handle multiple orders. Plus, they’ve removed forced closing, meaning it operates on a reverse system. You’ll notice some similarities to martingale strategies, as it takes opening signals from larger time frames.
Check out the balance performance since the start of the year using standard parameters on GBPUSD with a 5-minute time frame:
Happy trading, and may the pips be with you!
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