ZigZag Strategy

[arindam89]

Strategy based on ZigZag indicator. User can configure up to 3 indicators.

BUY conditions:
All selected indicator on the lower line

SELL conditions:
All selected indicator on the upper line

Note: You need to install ZZ_Semafor indicator for correct strategy work.

ZZ_Strategy.png

Indicator:

ZZ_Semafor.lua

Strategy:

ZZ_Strategy.lua

hi
your strategy is great
but i have an issue
1.it only opens the 1st position it does not open a 2nd, 3rd, 4th .....corresponding positions
plesae look into the matter seriously
by

[superleo]

sir,
can you create zigzag strategy in combination with ema 34.

buy: price above ema 34 and zz signal buy
sell: price below ema 34 and zz signal sell
exit buy : price cross under ema 34 or zz signal to sell
exit sell :price cross over ema 34 or zz signal to buy

thank you

[Apprentice]

Your request is added to the developmental cue.

[briansummy]

This is a great strategy. Can you add a condition that the signals do not go against the traditional zig zag lines? This will help with false signals.

When Zig Zag line is Bearish then sell opens position from the Semafor signal and buy closes net positioning but does not go long. Wait for another sell signal agreement and then enter a new trade short which is again in agreement. Vice versa for Bullish. Thanks!!!

[Apprentice]

Your request is added to the development list.

[briansummy]

I tried backtesting this on the GBPUSD Weekly Frequency. I added the ZZ_Semafor to the bottom as an oscillator. Visually it looks excellent for buys and sells but when I back test it the system does not execute accordingly. Where am I wrong here? Shouldn't it flip the position once new signal is set? Thanks! I am very glad to have found this website!

[briansummy]

Any luck with this coding? Thanks!!!

[Apprentice]

Your request is added to the development list.

[Alexander.Gettinger]

Zig&Zag indicator: viewtopic.php?f=17&t=20167

[don bergo]

Hi, I'm Mikael and I'm new at this forum, thanx for having me! Lately I've been using the 123MW pattern indicator (http://123mw.wordpress.com/2012/04/04/1 ... indicator/) which is a development of ZigZag. It signals buy and sell signals using arrows and points out where to begin and end a trade.

I wonder if it's possible two create an automated strategy based on this indicator for two time frames? Meaning that that that a trade will only be executed if the pattern has already appeared in the "bigger" TF?

Forgive me if my description is poor.

Thank you for a great site with invaluable resources!

Best regards
Mikael