ZigZag + MA + ZigZag
Last updated
Last updated
Indicators:
(12, 5, 3)
(50, 0, close)
(24, 8, 5)
Key conditions:
The timeframe must be H1 or higher. Speculative signals are ignored. The EMA (50) determines the global trend. Positions remain open until the slow ZigZag forms the next extreme. A trailing stop of 10-20 points is applied.
BUY conditions (all conditions must be met):
The slow ZigZag forms a minimum.
The fast ZigZag crosses the EMA from below to above.
The entry occurs on the next bar.
SELL conditions (all conditions must be met):
The slow ZigZag forms a maximum.
The fast ZigZag crosses the EMA from above to below.
The entry occurs on the next bar.
Exit criteria: exit the trade when a Stop Loss is hit based on money management rules or when the slow ZigZag reverses direction.
Open a chart with the H1 timeframe or higher. Apply the ZigZag indicator with settings (12, 5, 3). Add the EMA indicator with settings (50, 0, close). Then, apply a second ZigZag indicator with settings (24, 8, 5).
Identify a BUY signal when the slow ZigZag forms a minimum and the fast ZigZag crosses the EMA from below to above. Enter the trade on the next bar, setting a trailing stop of 10-20 points. Stay in the position until the slow ZigZag reverses or a Stop Loss is triggered.
For a SELL signal, wait for the slow ZigZag to form a maximum and the fast ZigZag to cross the EMA from above to below. Enter on the next bar, setting the same trailing stop. Exit the trade when the slow ZigZag reverses or a Stop Loss is reached.
