I just want to know how could I write an EA based on MT4 indicator ZigZag
It is a lagging indicator, as many other indicator, but is clearly says how should you traded.
An interesting state is, when the last line is drawn to the curent, opened candle, because it means that made a new HH / LL.
So can be checked - maybe on next candle is a a ranging will be or a pullback to a fibo level?
I don't know how is the R:R to play against momentum to pullbacks sometimes the SL is hit and I have a "gap provider" broker not a "liquidity provider" So in my case not worth or maybe with extra attention
What to do in this candle?
How to define the "ranging" in this case?
It is a lagging indicator, as many other indicator, but is clearly says how should you traded.
An interesting state is, when the last line is drawn to the curent, opened candle, because it means that made a new HH / LL.
So can be checked - maybe on next candle is a a ranging will be or a pullback to a fibo level?
I don't know how is the R:R to play against momentum to pullbacks sometimes the SL is hit and I have a "gap provider" broker not a "liquidity provider" So in my case not worth or maybe with extra attention
What to do in this candle?
How to define the "ranging" in this case?
I want to buy PATIENCE