Free ZigZag EA
ZigZag swing-point trend-following EA · Free · Any market/timeframe · MT4/MT5
About Free ZigZag EA
The Free ZigZag EA, documented at theforexgeek.com, is a MetaTrader 4/5 Expert Advisor built around the ZigZag indicator, which filters out minor price fluctuations to highlight the market's significant swing highs and lows. The EA trades in the direction of the trend identified by these ZigZag swing points.
It's designed to be simple, flexible, and effective, with configurable settings that give traders control while remaining easy to use across any market or timeframe. A related "ZigZag Fibo EA" variant on the MQL5 Market combines ZigZag trend direction with Fibonacci-based entries.
- Platform: MetaTrader 4 / MetaTrader 5
- Strategy: ZigZag swing-point trend following
- Flexibility: Works across any market/timeframe
- Price: Free
- Source: theforexgeek.com · Free ZigZag Expert Advisor (EA) for MT4 & MT5
Key Features
✓ Free and simple to configure across any market/timeframe
✓ ZigZag filters out noise, giving a clearer view of significant swings than raw price action
⚠ The ZigZag indicator itself repaints (recalculates past points as new price data arrives) — understand this limitation before relying on historical backtest visuals