PZ The Zone EA

This expert advisors trades donchian breakouts according to Bill Williams's definition of "Trading in the Zone". It uses alligator to find strong trends, AC and AO to identify trading zones and MACD to avoid trading exhausted trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

• Easy to use and supervise
• Fully configurable indicator settings
• Customizable break-even, stop-loss, take-profit and trailing-stop settings
• Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols
• Trades can be closed on opposite signals
• Implements a martingale feature
• Implements multi-timeframe filters
• Filter trading by forex sessions

Four different trading behaviors are available in the EA inputs:

• Regular: The EA will buy at bullish signals and sell at bearish signals
• Inverse: The EA will sell at bullish signals and buy at bearish signals
• only Buy: The EA will buy at bullish signals and disregard bearish signals
• only Sell: The EA will sell at bearish signals and disregard bullish signals

Additionally, it implements four different money management modes:

• Trade manual lotsize: The EA will trade a fixed lotsize on each trade
• Auto-calculation of lotsizes: The EA will risk % of the account on each trade
• Martingale: The EA will double the lotsize after a losing trade
• Inverse Martingale: The EA will double the lotsize after a winning trade