Zig-Zag trader strategy

MikeGC · Wed, 11 May 2016 06:54:50 +0000

The Zig-Zag Trader strategy shows excellent results over 10 years but given the nature of the Zig-Zag indicator, I was wondering if it was viable as an automatic trader. As you are no doubt aware, the direction and length of each Zig-Zag is not finally established until the beginning of the next leg. The question is whether this code is affected, as it is only looking at the direction of the leg not long after it is established. // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions ZZST = ZigZag[1](totalPrice) c1 = ZZST > ZZST[1] IF c1 AND NOT LongOnMarket THEN BUY 1 CONTRACT AT MARKET ENDIF // Conditions to exit long positions c2 = ZZST < ZZST[1] IF c2 THEN SELL AT MARKET ENDIF // Conditions to enter short positions c3 = ZZST < ZZST[1] IF c3 AND NOT ShortOnMarket THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Conditions to exit short positions c4 = ZZST > ZZST[1] IF c4 THEN EXITSHORT AT MARKET ENDIF // Stops and targets I would very much appreciate your feedback on the viability of this strategy.

This topic has 17 replies, 9 voices, and was last updated 3 years ago by fleglo.

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07/26/2018 at 3:51 PM #76826

ironshirow

Hello,

is there an indicator similar to the ZigZag and can be used with proorder 10.3?

Thanks

Vonasi: sorry 🙂

ironshirow
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07/26/2018 at 4:00 PM #76828

Vonasi

The Zig Zag indicator cannot be used in ProOrder for auto-trading because it continually re-paints. Any indicator that changes its image in the future is impossible to trade without a crystal ball!

Vonasi
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11/20/2020 at 12:18 PM #151032

fleglo

Hello Nicolas,

I get back to this old forum where this comment of yours had drawn all my attention:

“Also a conditional statement to know if the new detected fractal is 30*pointsizes away from the last one should help.”

As this is the key factor, detecting the variation , I tried to achieve this add-on on your code within the link with no success.

I am working on the Dax and wonder if you could help telling where and how to add a “20 points away of the last Boty ot Topy”?

I am a very poor coder with a limited brain.

Thank you in advance

fleglo
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