E Droba Zig Zag V2.01
E Droba Zig Zag V2.01 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its name points to the ZigZag swing tracer. This copy is version 2.01. Its source code uses fractals and ZigZag. It places pending orders, moves the stop behind price and can size trades from your risk. It has 22 settings, for example Depth (default 12), Deviation (default 5) and Backstep (default 3). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v2.01 · Free
About E Droba Zig Zag V2.01
E Droba Zig Zag V2.01 is an expert advisor (trading robot) for MetaTrader 4 based on Fractals and ZigZag. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 22 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: e-Droba-ZigZag_V2.01.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
| Point | 0 | |
| Take profit | 70 | Take profit distance |
| Stop loss | 80 | Stop loss distance |
| Bbu size | 30 | |
| Bbu sizepip | 10 | |
| Magicma | 20100930 | Magic number that tells this EA's orders apart |
| Trailing stop fr | true | = false, |
| Mm setup | Money managment setup | |
| S1 | redefinition minLot, maxLot, stepLot - | |
| S min lot | 0 | |
| S max lot | 0 | |
| S step lot | 0 | Distance between orders |
| S2 | --- | |
| Decrease factor | 3 | |
| S2 | Percent of free margin | |
| Maximum risk | 10 | Risk per trade (percent of balance) |
| S3 | or fixed lot | |
| Fixed lots | false | Trade size in lots |
| Lot | 0.1 | Trade size in lots |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: ZigZag · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · Fractals · MT4 Expert Advisor · MQL4 Source Code