Traditional Breakout Logic EA: ZigZag Breakout EA

What is ZigZagBreakoutEA?

ZigZagBreakoutEA is an automated EA (expert advisor) program of the MetaTrader4. This EA works with a simple but sophisticate strategy. When the price goes over the top point of the zigzag indicator this EA will place LONG orders and if the price goes below the bottom point, SHORT orders will be placed.

If the breakout movement is steady and strong, we shall gain a big profit. Generallhy speaking there are many fake breakout so this EA shall have many small losses and some time to time big profit.

M15 TIME IS RECOMMENDED FOR THE USAGE ON A REAL ACCOUNT

The backtest shows a nice result of EURUSD, GBPUSD, AUDUSD with M15, M30, H1 however after a continuous study of the EA we saw that the recommendable usage of this EA is on EURUS with M15. Especially we shall recommend to use this EA only with LONG positions.
SHORT positions are also positive but we found that it is less steady than LONG.
Please see the backtest performance and also the performance on real accounts.

BACKTEST PERFORMANCE

The history data is from 15th of January 2005 to 8th of August 2017.
The pair: EURUSD. Time frame: M15 (Spread 10 points)

※ Big image by clicking the image.
PF is 4.65. Profit trades percentage is 76.13％.

The history data is from 15th of January 2005 to 8th of August 2017.
The pair: EURUSD. Time frame: H1 (Spread 10 points)

PF is 4.72. Profit trades percentage is 73.04％.

REAL TRADE PERFORMANCE

We are concentrating on M15 since the performance on H1 is not better than M15.
Also we have fond that LONG positions are pretty nice.

Below images are the real performance of ZigZagBreakoutEA (only LONG) on our real accounts.

AxiTrader

Axiory

Darwinex

Q&A

Q. Is there automated lots size calculator?
A. Yes, you can use the parameter “Risk”. If you define “Risk : 1”, the EA will place 0.10 lot size order per 10000USD in case of EURUSD.

Q. I don’t want to hold positions while weekend.
A. There are functions to avoid holding positions while weekend. Also users can decide the trading hour by his/her own criteria meaning that it is possible to cancel/close all pending and opened positions before the week end.

Q. What would be the real performance of this EA? (MDD %)
A. The performance could be different by many influences such as account amount, trading lot size, VPS spec, latency, NFP filter etc. However we may announce that the back test result of “EURUSD H1 10000USD with 0.1Lot from 15-JAN-2005 to 19-FEB-2016” would have max DD 0.55%.
Before the usage on users real account, we highly recommend to make backtests of the ZigZagBreakoutEA and also the function evaluation on the demo account.

Q. Does the prefix and/or suffix of the pairs matter? (EURUSD.pro, +EURUSD)
A. Prefix/Suffix are no matter for the EA usage.

Q. Is there any customer support? (MT4 terminal updates, etc.)
A. The installation support and also we offer the version up support for our customers. (It is important to save the purchase confirmation e-mail since you will need it for downloading updates)

Q. Is it necessary to have a high spec PC (VPS)?
A. This EA has simple and sophisticate codes. A low potential PC would execute this EA without any problem. (The vast majority of VPS won’t have problem either to use this EA).

Q. There are so many cancellation orders and pending orders… why?
A. Pending orders shall be cleared when the current spread is over the MaxSpread parameter. When the spread comes back below the MaxSpread the EA places the pending orders. Please input a larger value for the MaxSpread if you think the cancellation is too much. However please be in mind that this strategy would work only when the spread is tight. It’d be important to select a broker with tight spreads and good execution VPS.