The Zone EA V4.4 (MT4)
Overview
This expert advisors trades donchian breakouts according to Bill Williams’s definition of “Trading in the Zone”, which is implemented for advanced in this indicator. It uses alligator to find strong trends, AC and AO to identify trading zones and MACD to avoid trading exhausted trends.
Easy to use and supervise
Fully configurable indicator settings
Customizable break-even, stop-loss, take-profit and trailing-stop settings
Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols
Trades can be closed on opposite signals
Implements a martingale feature
Implements multi-timeframe filters
Filter trading by forex sessionsThe ingredients of the strategy are…
Breakouts are used as entries
Alligator to find strong trends
AC and AO to identify trading zones
MACD to avoid trading exhausted trends
Four different trading behaviors are available in the EA inputs:
Regular: The EA will buy at bullish signals and sell at bearish signals
Inverse: The EA will sell at bullish signals and buy at bearish signals
Only Buy: The EA will buy at bullish signals and disregard bearish signals
Only Sell: The EA will sell at bearish signals and disregard bullish signals
Additionally, it implements four different money management modes:
Trade manual lotsize: The EA will trade a fixed lotsize on each trade
Auto-calculation of lotsizes: The EA will risk % of the account on each trade
Martingale: The EA will double the lotsize after a losing trade
Inverse Martingale: The EA will double the lotsize after a winning trade
Overview
Input parameters
When loading the expert to any chart, you will be presented with a set of options as input parameters. Don’t despair if you think they are too many, because parameters are grouped into self-explanatory blocks.
Trading Settings
Select the trading behavior: regular, inverse, only long or only short.
Indicator Settings
This parameter group holds the indicators settings.
Position Management
This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, break-even behavior, trailing-stop in pips, trailing-step in pips, stop-loss in pip and take-profit in pips.
Session Settings
Enable or disable trading for the Asian, European or American sessions, as well as trading week days.
Money Management
In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. It also implements a martingale behavior. Entering a manual lot size is recommended. You can also enable NFA/FIFO compliant trading
EA Settings
You can select the magic number for the trades, custom comment and manual pip value if you need to override the one the default one. Do not change these
unless you know what you are doing.
FAQIs the EA NFA/FIFO Compliant?
Yes, it is.
Do I need a VPS to run the EA?
Yes, you do. Or having your home computer turned on 24/5.
Can I interfere with the trades of the EA?
Yes, you won’t cause the EA to missbehave.
Will this EA interfere with other EAs running in my account?
No, it won’t.
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