E Droba Zig Zag V5
E Droba Zig Zag V5 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around the ZigZag swing tracer. This copy is version 5. Its source code uses moving averages, fractals and ZigZag. It places pending orders and moves the stop behind price. It has 12 settings, for example Depth (default 10), Deviation (default 5) and Backstep (default 4). 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 · v5 · Free
About E Droba Zig Zag V5
E Droba Zig Zag V5 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average, 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 12 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: e-Droba-ZigZag_V5.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 | 10 | |
| Deviation | 5 | |
| Backstep | 4 | Distance between orders |
| Point | 10 | |
| Lots | 0.1 | |
| Take profit | 700 | Take profit distance |
| Bbu size | 350 | |
| Bbu sizepip | 40 | |
| Trailing stop | true | Trailing stop distance or switch |
| Ma period | 100 | Period or timeframe used by the calculation |
| T ordera | 108 | |
| Magicma | 80100930 | Magic number that tells this EA's orders apart |
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 · Moving Average · Fractals · MT4 Expert Advisor · MQL4 Source Code