UPDATE 2008-12-08 - This is now being traded on a LIVE account. Please continue the discussion here:
http://www.PipCop.com/forums/previous-robot-reviews/99-live-zig-zag-robot-review-real-cash-account-busted-4-975-a.html
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From
http://codebase.mql4.com/4049 - a new EA to test. The author describes it below. Let’s see how it does on the EURUSD 5 minute chart.
A regular release of an EA based on the ZigAndZag indicator. It still needs the indicator, you can find it in the Code Base, on the Forum and also here. The discussion is there, as well. The function of multiple orders is added; the forcible closing is removed, i.e., it works by the reverse system, there is some resemblance of martingale, it takes opening signals from a larger TF.
Update 2008-09-05: Apparently the indicator was not loaded properly, so I restarted the terminal which seems to have fixed it, and this EA is now trading.
16_zigandzag XP5/16_zigandzag