Recovery Zone EA
Expert Advisor open trades based on recovery zone strategy with option to set first trade to buy, sell, pending orders or based on moving average crossover.
Expert Advisor Features
- Time filter to trade only high volatility sessions.
- Customize recovery zone profit by pips or dollars.
- Option to set first trade as long, short, or pending orders.
- Set recovery zone range by pips.
- Option to open first trade based on moving average crossover
How It Works
After enabling the EA on chart will enter a trade immediatley based on your selected parameter, you can set first trade as BUY trade, SELL trade, open two pending orders BUY STOP and SELL STOP around the price according to the recovery zone area or open first trade based on two moving average lines crossover.
If the trade reached your target EA will stop trading until next event, if price goes against your trade EA will open reverse order with multiplied lot and will repeat the process until exit the whole trades with profit target.
- Martingale strategies is very profitable but also can be risky so use it wisley.
- To reduce martingale risks start with small lot size.
- Choose a good broker to reduce slippage pips.
- Trade high volatility sessions and high volatility symbols to avoid ranging market.
After downloading the files unzip it you will find the EA file add it inside Experts folder in your Metatrader terminal and you are ready to go.
Recovery Zone EA has some parameters so you can adjust it according to your needs, I'll explain it in details.
Enable Time Filter
option to enable trading only on speicified hours.
Start Trading Hour
speicifed start hour to start EA trading.
End Trading Hour
speicifed end hour to stop EA from trading.
First Trade Type
Choose first trade buy, sell, open buystop and sellstop pending orders or based on moving average crossover.
Fast MA Period, Fast MA Shift, Fast Ma Method, Fast Ma Applied Price
fast moving average parameters.
Slow MA Period,Slow MA Shift, Slow Ma Method, Slow Ma Applied Price
slow moving average parameters.
Multiply order lot by this number for martingale trades.
Recovery Zone Range
Recovery zone area range by pips.
Take profit for recovery zone orders.
Close By USD Profit, Min USD Profit
option to close buy/sell trades indivitually based on total profit in USD.
Close By USD Loss, Max USD Loss
option to close buy/sell trades indivitually based on total loss in USD.
first order lot size.
enable set orders lot size based on account balance and available margin.
number of precent to risk from your balance to determine orders lot size.
orders magic number.
Show Trades Info Panel
option to show or hide trading panel from chart.
comment appears next to trade
Version 1.1 12.11.2019
- First initial version.
Version 1.1 04.02.2020
- Added option to open first trade based on moving average crossover.