E Droba Zig Zag V2+Profit
E Droba Zig Zag V2+Profit — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its name points to the ZigZag swing tracer. This copy is version 2. Its source code uses fractals and ZigZag. It places pending orders and moves the stop behind price. It has 22 settings, for example Depth (default 12), Deviation (default 5) and Backstep (default 3). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 · Free
About E Droba Zig Zag V2+Profit
E Droba Zig Zag V2+Profit is an expert advisor (trading robot) for MetaTrader 4 based on Fractals and ZigZag. It places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 22 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: e-Droba-ZigZag_V2+profit.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 | |
| Lots | 0.01 | |
| Take profit | 70 | Take profit distance |
| Stop loss | 80 | Stop loss distance |
| Bbu size | 30 | |
| Bbu sizepip | 10 | |
| Trailing stop fr | true | = false, |
| P expert | ---------- | |
| Target loss | 30 | |
| Target profit | 60 | |
| Delete orders | True | |
| Show comment | True | Comment written on the orders |
| Number account | 0 | |
| P performance | ---------- | |
| Use sound | False | Turn this alert on or off |
| Sound success | ok.wav | Turn this alert on or off |
| Sound error | timeout.wav | Turn this alert on or off |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Number of try | 5 |
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 · Fractals · MT4 Expert Advisor · MQL4 Source Code