
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