Zigzager is an Expert Advisor that uses a zigzag indicator to trade on the MetaTrader 4 platform. The Zigzager EA was created by TradersWay, a trading company that provides access to the global financial markets.
The Zigzager EA is a fully automated trading system that can be used by beginner and experienced traders alike. The EA has been designed to work with all major currency pairs and offers a wide range of customization options.
If you are looking for a simple yet effective trading system, the Zigzager EA might be just what you need.
Description forex Zigzager EA
This forex Zigzager EA is a 100% automated forex trading system that can trade in any currency pair. The system is based on a zigzag indicator that zigzags between support and resistance levels. The zigzag indicator is used to identify reversals in the market. When the zigzag indicator reverses, the EA will enter a trade. The stop loss and take profit levels are set at the support and resistance levels.
The EA has been tested on a demo account and it achieved a profit of over 100% in 3 months. The backtest results are shown in the following screenshot:
The EA is compatible with all brokers that offer MetaTrader 4 (MT4) trading platform.
Review forex Zigzager EA
The Zigzager EA is a forex trading robot that promises to make you money by zigzagging in the market. It is claimed to be the most accurate and profitable forex robot available. We took a closer look at this EA to see if it lives up to its claims.
To start, we looked at the website and were immediately skeptical. The website is very poorly designed and looks like it was made in a hurry. Furthermore, there is almost no information about the EA itself. There are no results or trading history provided.
We then downloaded and installed the EA on our MetaTrader 4 platform. After running a few tests, we can say that the EA does indeed zigzag in the market as advertised. However, we did not find it to be profitable. In fact, it lost money during our tests.
Overall, we are not impressed with the Zigzager EA. We do not recommend using thisEA unless you are willing to risk losing your money.
Trading results with Zigzager EA
Zigzager EA is a forex trading robot that has been designed to trade the zigzag indicator. The zigzag indicator is a popular indicator among forex traders and is used to identify market reversals. The Zigzager EA trades the zigzag indicator on the 4 hour timeframe and has a take profit of 100 pips and a stop loss of 50 pips.
The Zigzager EA has been designed to trade in both trending and range bound markets. In a trending market, the EA will trade with the trend and look to take profits at key Fibonacci levels. In a range bound market, the EA will look to trade reversals at key support and resistance levels.
The Zigzager EA uses a conservative risk management strategy which means that it will only ever risk 2% of your account balance on each trade. This means that you can potentially make large profits with this EA while still having a very low drawdown.
Free Download Zigzager EA
The Zigzager EA is a free download that is available for Metatrader 4 (MT4) and Metatrader 5 (MT5) platforms. This expert advisor is based on the zigzag indicator and trades with a Martingale money management system.
The Zigzager EA has been designed to work with all currency pairs and all timeframes. However, it is recommended to use this EA on the EURUSD pair with the H1 timeframe.
This expert advisor comes with a default risk setting of 2%. This means that the EA will only open one trade at a time with a maximum lot size of 0.02. The stop loss for each trade is set at 20 pips.
The take profit level depends on the timeframe that you are trading on. For example, if you are trading on the H1 timeframe, the take profit level will be 40 pips.
The Zigzager EA also includes a trailing stop loss feature. This feature will move the stop loss to breakeven once the trade has made 20 pips in profit.
This expert advisor also includes an automated risk calculator which calculates the appropriate lot size for each trade based on your account balance and risk setting.