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Thread: Zigzag_Pointer_alert EA for GBPUSD M15 with M5 and H1 confirmation - request

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    Default Zigzag_Pointer_alert EA for GBPUSD M15 with M5 and H1 confirmation - request

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    Zigzag_Pointer_alert EA
    =======================

    Hi funyoo. Could you please write an EA using this strategy. I can't prove that it's profitable but I have been analyzing the GBPUSD M5, M15, and H1 charts and the indicators seem logical for all three timeframes.


    Here we go.

    Primary indicator:
    - Zigzag_Pointer_alert.mq4
    Settings:
    - ExtDepth = 15
    - ExtDeviation = 2
    - ExtBackstep = 15

    The Zigzag_Pointer_alert indicator repaints. It gives a blue arrow to indicate a possible buy signal and a red arrow for a possible sell signal.

    M15 - main signal
    M5 and H1 - confirmation signals

    Entry:
    Buy when M5, M15, and H1 all have blue arrows.
    Sell when M5, M15, and H1 all have red arrows.

    Exit:
    Close positions when opposite signal is confirmed (when M5, M15, and H1 is confirmed to give an opposite direction).

    I have selected GBPUSD M15 because of the volatility but I believe this strategy could work with other pairs as well.

    As of this writing, I am testing this strategy on IBFX demo. Opened a buy position today (01/21; 3:02am GMT). So far, it's averaging 15 pips. I intend to close the position once I get a confirmed sell signal from M5, M15, and H1.

    I have attached the ZigZag_Pointer_alert.mq4. I believe this strategy has some potential. Thanks a lot and more pips to you.

    Shalom
    Attached Files Attached Files

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demo, funyoo, gbpusd, indicators, main, pairs, pips, profitable, request, signal, strategy, volatility

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