Difficult to answer, the algorithm is looking for extremes in price, within those 16 bars. Trades can and will fail - there's no guarantee that what's posted here will work out. Some of these have already closed in profit. Others will fail.

ZigZag - Keep It Simple Stupid

image SELL GBPJPY - closed in profit. image SELL GBPAUD - closed in profit. image SELL GBPNZD - closed in profit. image SELL GBPCAD - closed in profit. image SELL AUDNZD - closed in profit. image SELL AUDCAD - closed in profit. image SELL ...

ZigZag - Keep It Simple Stupid

Try it, test it and let us know of your findings. Applying fractals is a quick way to determine if there's any value in that... see the charts that I posted with fractals applied on top of zigzag reversal points. What does it tell you? The EURJPY ...

ZigZag - Keep It Simple Stupid

That's exactly what ZigZag does... shows important reversal points. Add Fractals to your chart and you will see. This example, Length = 6. image Following the Rules in Post #1 helps in keeping you out of trouble. Increasing Length will give you ...

ZigZag - Keep It Simple Stupid

Nice visual indicator, but ATR works better. I noticed that the market was very quiet during the SYDNEY session and for some pairs it was saying the volatility is good, but on the charts not much was happening.

ZigZag - Keep It Simple Stupid

Thanks will try it... if it works well, will build it into the indy.

ZigZag - Keep It Simple Stupid

Yes... For now: https://www.earnforex.com/guides/how-to-change-chart-and-candlestick-colors-in-mt4/#:~:text=You%20can%20change%20the%20default,for%20chart%20background%20and%20foreground Configure after you add the indy and then save as template.

ZigZag - Keep It Simple Stupid

I think we should definitely be using a volatility indicator to filter more trades out... either ATR or Bollinger Bands? E.g. if our TP is 10 pips, ATR should be more than 10 pips OR the distance between the lower to mid and mid to upper bands needs ...

ZigZag - Keep It Simple Stupid

Working on it... extremely complicated. Will take a while...

ZigZag - Keep It Simple Stupid

I'm working on an improved indicator... thanks to an idea from le celte. Not sure yet... but that might be a thread on it's own. It will look similar to this indicator, but it's a completely different algorithm. If the conceptual idea works great... ...

ZigZag - Keep It Simple Stupid

New Version v1.15 - get it from Post #1: Added Symbols input - configure with comma separated list of symbols. E.g. EURUSD,GBPUSD,GBPCAD. It's case-sensitive, so enter exactly as it is at your broker. No spaces between the commas. The convenient ...

ZigZag - Keep It Simple Stupid

Hi Headland Apologies for that... the new indy is very hungry as it is scanning 30 pairs all the time. I could speed this up by updating only every 1 min... Thanks for sharing your results. Great to see that the analysis and the reality coincide ...

ZigZag - Keep It Simple Stupid

There is already a dashboard that has that, if you look on the original forum. That forum has evolved into something very different, which is why this thread was started: url

ZigZag - Keep It Simple Stupid

Added new version: Includes One-Click trading panel and XAGUSD and XAUUSD for the more adventurous.

ZigZag - Keep It Simple Stupid

Hi. Welcome! Thanks for sharing... I'm not sure if there's any edge in the lower time frames using a signal on the higher time frame for direction... The higher time frames will always be delayed in comparison to the smaller time frames. That might ...

ZigZag - Keep It Simple Stupid

Thanks Headland! What will you be using to determine the trend? SMA 200, EMA 200, etc. Given the nature of this strategy... we always trading reversals (with or against the trend), so I'm not sure if a bias towards the trend will improve the edge. ...

ZigZag - Keep It Simple Stupid

Hi. Thanks for your post. The intention is to keep it simple... there's alot of analysis shared in Post #1 that will allow us to keep it simple. I don't want to introduce templates and indicators that MAY work. If you can share conclusive proof that ...

ZigZag - Keep It Simple Stupid

Yes... previous (the bar before the bar you open on) M15 bar high / low. Yes, 1:1 is more promising now.

ZigZag - Keep It Simple Stupid

Going forward, use the indicator in this post. That way, we all using the same version and can post the same charts.

ZigZag - Keep It Simple Stupid

Hi Headland Great to have you back! That thread has completely changed into something else. Regarding your questions... Tried sticking religiously to the SL and TP rules. I mentioned 2 ways this could be traded... either open / close as a new signal ...

ZigZag - Keep It Simple Stupid