Forex Strategy ZL

Forex Strategy ZL designed for the currency pair EURUSD (H1), although the possibility of trade and other intervals of the same currency pair (M30, M15), trade is conducted with the signal indicator forex ZigZag (as forex strategy ZZ) and additional conditions of forex trading strategies, reports on forex advisor, see at the end of the description of the same forex trading system

First of all, the chart EURUSD (H1) set the ZigZag indicator parameters to 15-0-3.

Terms of Trade forex strategy ZL:

We find on the currency pair EURUSD extended price movement up or down to determine the levels from which we conclude the deal — on the chart brown line (the level set of orders for transactions).

Provision for the «top» (for a upward trend):

1) we find in the chart three consecutive vertices of the zigzag and increasing, if one of the top of the top 3 the distance of 90 or more points

2) if the conditions of the 1st paragraph is satisfied, then wait for the formation of one more vertex and verify the following condition: if the difference between the two last (the newest on the graph) vertices (that is, on top of the graph 3 and 4) no more than 40 points, then we can draw a horizontal level across the top three

3) if the vertex 4 is below the third and the difference between the second and the third is not more than 40 points then draw a level across the top 4.

Forex Strategy ZL

Provision for the «lower» level (for a downtrend):

1) we find in the chart three consecutive lowering the minimum zigzag, if one of the top 3 the distance to the top 90 or more points

2) if the conditions of the 1st paragraph is satisfied, then wait another minimum education and check the following condition: if the difference between the two last (the newest on the graph) are not minima of more than 40 points you can draw a horizontal level by at least 3

3) If a minimum of 4 is higher than the third, and the difference between the second and third peaks is not more than 40 points then draw a level of a minimum of 4

Terms and Conditions of forex strategy ZL:

1) And so we get on the schedule two levels:
— One of the downward movement
— The second of the upward movement

2) levels are working until the new levels on the chart.
If you have a new level of trend upward — erase the old and the new work as well for the level of the trend down. There are always two independent levels, and work from both.

3) Now when there are levels to work, put pending orders, buy limit and / or sell limit, depending on which side of the level of price is to order the following parameters:
— Orders for buy limit — 160 points profit stop of 50 points
— Orders for sell limit — 100 points profit stop of 50 points

4) on the same level of work in both directions:
— If the price between the two levels that put a limit buy-and sell-limit
— If the price is higher than two levels of buy-in set two limits
— If the price is below two levels set two sell-limit.