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The Zone EA 4.0

Metatrader Expert Advisor (MT4)

  • Overview

    This expert advisors trades donchian breakouts according to Bill Williams's definition of "Trading in the Zone", which is implemented for free 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 sessions

    The 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
  • Input parameters
    Input parameters

    When loading the indicator or EA 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.
  • ? FAQ
    Is 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.
  • Comments

    Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section.

Screenshots

The Zone EA EA for Metatrader
The Zone EA EA for Metatrader
The Zone EA EA for Metatrader