MT5 ZigZag Expert Advisor with Fibonacci Entry Signal (mql5 Coding Tutorial)

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Learn about the benefits of automated trading. After programming trading strategies for a while I started teaching how to program expert advisors for the MT4 (MetaTrader 4) and MT5 (MetaTrader 5). Until now I only did videos in German but now I will start this channel with English videos to reach a larger audience of traders and help them improve their trading. There will be no fake trading on this channel and no lies. I show trading as it is - the good and the bad sides. Stay tuned and subscribe because you don't want to miss ;)

Trading in derivative products such as futures, options, CFDs, Forex and certificates involves a considerable risk. These products are not suitable for every investor. Investors could potentially lose all or more of the original investment. If anything, only money that equals personal risk capital and can be lost without jeopardizing financial security or lifestyle should be used. Partially or fully automated trading programs can only be used to support the trader. Past performance is not an indication of future results.

[antonmurola]

Good content!
While watching, I thought that instead of using fibo as confirmation, you could instead use the moment once the zigzag line is confirmed/becomes visible and filter out probably unwanted trades by calculating the angle of the zigzag lines and allowing the user to give an angle value as a threshold, and use fibo only for SL/TP calculation.

[sunnydp]

Would u please make tutorial on volume based ea plz

[ekengrenmarkus]

Excellent content... keep up the good work...:)

[pipebeta]

Hello Rene, I wanted to thank you for your great contribution to the community, I would like to ask you if it is possible for you to develop an EA that applies the SMT (Smart Money Technique) Divergence, comparing the DXY and the EURUSD

[manuelboris]

Thank you very much for the content, it is excellent and very well explained.

[SignaINetwork]

yo what about EA that trades moon phases, that would be a banger

[kaputnik]

In row 94 you have "if(zigZagLast > zigZagLastLast) triggerBuy = 0; " should it not be triggerSell = 0; ?

[ANOIHIAgency]

can i get the code sources EA for this one zigzagfibo yt ?

[rimparahat]

mash allah your video is good quality for begainner.