If you're looking to level up your trading game, the Zone Recovery EA could be your new best friend. This high-risk, advanced hedging system is designed to help you navigate tricky market conditions. The principle is simple: when the market moves against your position by a set number of pips, you'll open an opposite trade with a slightly larger lot size.
Key Features of the Zone Recovery EA
- Always start by testing it on a demo account.
- This EA operates strictly with the price of the open candle!
- If the market continues in this new direction, eventually, the profits from the new trade will surpass the losses from the previous one, allowing you to close both trades.
- If the market reverses back, the trade with the larger lot size will accumulate losses faster than the older trade, which is still in profit. In this case, calculate and open another trade in the direction of the market, ensuring that the combination of the initial trade and the new one is larger than the second trade.
- You can repeat this back-and-forth hedging strategy up to six times until the market reaches a point where you can either take a profit or break even.
Input Settings
- Use_TP_In_Money: Enable Take Profit in Money (values: true/false).
- TP_In_Money: Take Profit in Money (values: 10-100).
- Use_TP_In_Percent: Enable Take Profit in Percent (values: true/false).
- TP_In_Percent: Take Profit in Percent (values: 10-100).
- ------------[Money Trailing Stop For Multiple Trades]----------------------
- Enable_Trailing: Enable Trailing with money (values: true/false).
- Take Profit In Money: (in current currency) (values: 25-200).
- Stop Loss In Money: (in current currency) (values: 1-20).
- --------------------------------------------------------------------------------------
- Take Profit: values: 100-200.
- Zone_Recovery_Area: values: 50-80.
- Period1: Fast Moving Average, values: 10-50.
- Period2: Slow Moving Average, values: 100-200.
- Multiplier: Multiplier for lot size, values: 0.01-1.
Make sure to optimize this EA every few months using the same input settings listed above.
How to Perform a Backtest
For a detailed guide on how to backtest this EA, check out this link: https://bit.ly/2CD7XWD
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