Wave Entry Alerts EUR Version: 1.0

×

**Wave Entry Alerts in EUR**

**Indicator by Azad Amanuel Gorgis Version: 1.2**

Wave_Entry_Alerts_In_EUR.mq4 is a custom indicator developed by Azad Gorgis for MetaTrader 4. This tool is specifically designed to provide alerts based on ZigZag patterns, tailored for trading the EUR/USD symbol.

**Key Features:**

- **Chart Window Indicator:** The indicator is displayed in the main chart window. - **Arrow Signals:** It generates arrow signals on the chart, indicating potential reversal points based on ZigZag patterns. - **Customizable Parameters:** Traders can customize parameters such as the calculation period, deviation, and backstep for two ZigZag patterns (referred to as ZZS: 1 and ZZS: 2). - **Timeframe Selection:** Users can select the timeframe for calculating the ZigZag patterns. - **Alerts:** The indicator offers various alert options, including visual alerts (arrow signals), box alerts, email alerts, and sound alerts. Traders can enable or disable these alerts according to their preferences. - **Sound File Configuration:** Traders can choose specific sound files for different types of alerts, allowing for personalized audio notifications.

The ZigZag patterns are calculated based on the specified parameters, and arrow signals are generated when significant highs or lows occur. These signals can serve as potential entry or exit points for traders.

It is important for users to understand that the effectiveness of the ZigZag pattern in signaling market reversals can vary. Thorough testing on historical data is recommended before relying on the indicator for live trading.

Traders interested in this indicator or seeking support can find more information on Azad Gorgis's profile on the MQL5 community website: Azad Gorgis MQL5 Profile.

As with any trading indicator, users are advised to exercise caution, perform due diligence, and employ risk management strategies when incorporating it into their trading decisions.

Leave a comment

user.Free