ZoneTrader

About ZoneTrader

ZoneTrader offers a sophisticated suite of trading tools designed for position traders and those employing dollar-cost averaging strategies in the financial markets. The company provides an Expert Advisor (EA) for the MetaTrader 4 platform, which automates trading based on support and resistance or supply and demand zones. This allows traders to define buy and sell zones on a chart; the EA then monitors these zones and executes trades based on user-specified price action criteria.

The core of the business revolves around selling this software to individual traders. The product is available for purchase and also offers a free demo version for strategy testing. The Zone Trader EA is designed to work on any timeframe and can be used for both range trading and trend pullback strategies. It operates without a hard stop-loss, instead scaling into positions by taking new trades in the same direction at subsequent support or resistance levels to adjust the average price. However, it includes backup exit criteria such as maximum loss amounts or time-based exits.

A key feature is the ability to choose from multiple price action entry criteria, such as price piercing a zone or specific open and close patterns within the zone. Once a trade is executed from a zone, the zone's color changes to indicate it's no longer active. The system also assists in profit-taking, with options to exit trades based on time, monetary value, or at the close of a candle. An automatic trailing stop-loss feature based on the Average True Range (ATR) helps lock in profits. The software also serves as a training tool, as it is fully functional in the MetaTrader 4 strategy tester, enabling users to backtest and develop their skills.