Pattern 123 Zig Zag

Advisor Robot automatically trades Pattern 123 of the ZigZag indicator. Uses the Parabolic SAR and High Low of the previous candle as the level of the trailing stop. The expert provides a mode of restoring balance after a loss.  

• Opportunities 
  

  • Visually draws in real time on the current chart:
  • Pattern 123, built on given input parameters;
  • level of expected breakdown;
  • level of estimated take profit;
  • input signal line.
  • You can use a fixed transaction volume.
  • The volume of each transaction can be calculated automatically, depending on the variable "Risk Equity (%)" set in the input parameters.
  • The choice of the type of trade or work only as an indicator.
  • Choice of execution type:
  • immediate;
  • pending stop orders. 
    
  • The choice of the type of use of the level of loss (stop loss):
  • points;
  • the price of point number 3 Pattern 123.
  • The choice of the type of profit level use (take profit):
  • points;
  • calculation for Pattern 123. 
    
  • You can set the parameters for the Pattern 123 search:
  • time period and variable Depth of the ZigZag indicator on which Pattern 123 will be searched;
  • allowable shoulder level [2, 3], on the size of the shoulder [1,2].
  • Trading in a given period of time.
  • Closing positions and orders by time every day.
  • You can use a grid trading strategy.
  • There is a trailing of positions on the High Low level of the previous candle or on the Parabolic SAR indicator.
  • There is trailing and closing positions in terms of money.
  • Balance recovery mode in case of loss.

Input parameters

• The magic number - the EA’s identification number can be -1 (minus one), 0, or any positive number.
• If "The magic number" is equal to zero, then the EA will consider all open or placed orders manually as its own.
• If "The magic number" is -1 (minus one), then all open or set orders manually or by another adviser, the adviser will consider them to be his own.
• Allowed to open orders - type of trade from the proposed options:
• No permission to open orders - placing orders is not allowed. It can be used as an indicator;
• only Buy - only a buy order is allowed;
• only Sell - only a sell order is allowed;
• Buy & Sell - placing orders for both buy and sell is allowed.
• Type of execution - select the type of execution from the proposed options:
• Instant / Market Execution - immediate;
• Pending Order Stop - pending stop orders.
• Fixed lot (volume) - volume of the placed order.
• If "Fixed lot (volume)" is equal to zero, then the calculation of the volume of the placed order will be calculated automatically, depending on the variable "Risk Equity (%)" set in the input parameters.
• When "Fixed lot (volume)" is greater than zero, the parameter "Risk Equity (%)" becomes inactive. And the volume of placed orders will be fixed.
• Risk Equity (%) - the allowable risk per transaction as a percentage of the available funds in the account. With increasing risk, profit increases, but also drawdown also increases.
• StopLoss Type - type of use of the loss level (stop loss):
• No Stop Loss - no stop loss;
• Number - uses the value "StopLoss Number"
• StopLoss Number - level in points;
• Point # 3 - the price of point number 3 of pattern 123.
• TakeProfit Type - type of use of profit level (take profit)
• No TakeProfit - no take profit;
• Number - the value "TakeProfit Number" is used
• TakeProfit Number - level in points;
• Calculated level - calculated value = point 3 (price) +/- (distance between points 1 and 2 * "Level to calculate TakeProfit")
• Level to calculate TakeProfit - a number from 0.001 (it is possible to use Fibonacci levels: 1.000, 1.236, 1.382, 1.618, 1.764, 2.000, etc.)
• ZigZag Time frames - time period of the ZigZag indicator, on which the pattern will be searched.
• ZigZag Depth - Variable Depth of the ZigZag indicator, a value from 5 to 50.
• Minimum level 2-3, size 1-2 - the minimum acceptable level of the shoulder [2, 3], from the size of the shoulder [1,2]. A number from 0.001 to 0.999.
• Maximum level 2-3, size 1-2 - the maximum allowable shoulder level [2, 3], from the size of the shoulder [1,2]. A number from 0.001 to 0.999.

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A more detailed description is here .

The results and settings of the strategy tester are here .