The ZigZag Exit indicator is best used when applied to your favorite proven trading system or strategy to increase consistency. Whatever trading strategy you use, please note that the Zig Zag Exit is a lagging indicator and it doesn’t give signals on its own. The forex market is very dynamic, so to achieve best results with Zig Zag Exit indicator supply it with a system that provides leading signals.
How to set up the Zig Zag Exit indicator in MT4?
Download the Zig Zag Exit.rar archive at the bottom of this post, unpack it, then copy and paste the Zig Zag Exit.ex4 or Zig Zag Exit.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Zig Zag Exit indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Download Free Forex MT4 Zig Zag Exit Indicator
To download the Zig Zag Exit Indicator for Metatrader 4 (MT4) for free just click the button below: