Has anyone tried this indicator?
My brother found it on the mql4 community forum and forwarded it to me.
I have been demo testing it for 4 days and it does give good results on the 15Min and 1H charts.
The only thing that does not sit well with me is that as soon as the trend it has indicated, change to the previous one, it takes the last trend indicator away.
It does give good signals and I trade it with a tight stoploss of 10-20 pips, mostly 10 pips.
I do also use a stochastic oscillator K%5 D%3 Slowing3 with it.
Profits so far has been good and some run into the +100 pips (- the "false" start losses of 10-20pips).
Anyone else tested it?
Regards
J
My brother found it on the mql4 community forum and forwarded it to me.
I have been demo testing it for 4 days and it does give good results on the 15Min and 1H charts.
The only thing that does not sit well with me is that as soon as the trend it has indicated, change to the previous one, it takes the last trend indicator away.
It does give good signals and I trade it with a tight stoploss of 10-20 pips, mostly 10 pips.
I do also use a stochastic oscillator K%5 D%3 Slowing3 with it.
Profits so far has been good and some run into the +100 pips (- the "false" start losses of 10-20pips).
Anyone else tested it?
Regards
J
Attached File(s)
ZigAndZag.mq4
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ZigAndZag.ex4
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