Hi thanks for this system, I've been manually trading this system with reasonable success, I like the accuracy I'll give it 80%- 90% for the general trend, however half the time I'm not at the screen to catch the the entry (I'm on 15minsTF) and I risk entering much later after checking higher timeframes. What happens is that this compromises my entry as the trend may be losing steam or I enter just before a divergence making me think that it is losing steam. Is there a way to code a simple EA to follow the rules you have set?
P.S I'm currently trying to learn MQL to program some of my ideas. If only I was proficient enough to program this EA I would post it in this thread for everyone.
Would you please elaborate on the meaning of the second number?
For example, see attached EURJPY chart with numbers 58/164 at the top of the recent high. I assume that 58 indicates the last top-to-top cycle, i.e. the number of bars from the last top (labelled 6/52) to the current top (58/164). The 164 number puzzles me as it doesn't seem to map to any important bar.
Similarly if I take the next pivot/low 56/40, the 56 maps to the recent low (with the description 11/38). What does 40 mean? It doesn't seem to map to any important bar.
For my purpose the first number is exactly right (thanks!), but I would love to see the second number mapped to the major turning point, counting bars from the major low to major high (and vice versa). On our picture major high/low points are labeled (13/112) and (58/164).
Thanks for posting it anyway.
Best regards, Kris
igorad: Please try to test updated LabTrendZigZag_v1.1 with calculation of cycle periods and distance between turning points.