Zone recovery EA for MT5

Zone recovery EA for MT5

#Only for programmer who have done over 100 jobs with at least 4 stars review.

#Only for programmer who are familiar with zone recovery feature (opening a series of trades in different directions with larger size(Hedged martingale)).

#Perfectly working EA with the full code.

Same Algo as below →

https://www.youtube.com/watch?v=JzN1fEZmc40

### EA descriptions ### 

Hi, bros. I need a zone recovery EA that open hedging orders if price goes against a initial order. EA has 3 modes to open initial order : “Manual Mode”, “Instant Mode” and “Indicator Mode” which orders by a indicator (RSI, MFI, CCI or STOCHASTIC). 

In manual mode, I can open first order by clicking BUY/SELL button on the chart. 

In instant mode, Long oder is placed instantly if there is No position on both side.

In Indicator mode, a indicator is used for initial order.

Actually I am already using some Zone Recovery EAs but the problem is that they have errors and seem zone recovery and stop loss are not working properly.

I’ve tried to explain options and how it works but you are the expert so you can know it better. :)  Please detail it. Thank you for your interest. 

Sum up

A: open first order { Set Tp , dont Set Sl}

B: if first order loss, enter Zone Recorvery. → Zone and TP prices are all set up for trade.

C: if any Hit Tp line : close all order

Zone Recorvery (Hedged positon)

if Buy hit opposite Line : Sell (sell lot= buy Lot * Multiply) , keep the buy order

if Sell hit opposite Line : Buy (buy lot= sell Lot * Multiply) , keep the sell order

This EA comes with zone recovery feature that will activate once price move against the initial entry after x pips or percent of the initial order price  (zone). 

 INITIAL TRADE SETTING ----------------------------------------------------

Initial order size : Lot( 0.01) or a percent of total balance (ex 0.1%) 

Oder Type Setting : Pending order (limit order) or Instant order (market order)

-Manual Mode -> press the button on chart

-Instant Mode -> if there is No position, instant order ‘Long side’

-Indicator Mode ->

  RSI (break up or break down or blow or above) = > long or short

or

  MFI  (break up or break down or blow or above) = > long or short

or

  CCI  (break up or break down or blow or above) = > long or short

or

  STOCHASTIC (break up or break down or blow or above) = > long or short

TP Setting for Initial order : pip(300) or percent of the initial price (1%)

 ZONE RECOVERY SETTING  ----------------------------------------------------

If market trend goes against Initial order and meet zone recovery line

-> Buy and Sell hedge mode

Once Zone recovery triggered, All prices for trade will be fixed until all position is zero (until the cycle is completed)

-Oder Type Setting : Pending order (limit order) or Instant order (market order)

-Recovery gap : a pip(ex.100) or percent of the initial order price (ex.1%) ( this set a zone for this trade cycle)

-Upper price :  a pip(ex.300) or percent of the initial price (ex.3%) (TP and Stop lose line)

-Lower price :  a pip(ex.300) or percent of the initial price (ex.3%) (TP and Stop lose line)

-Recovery order size 

  Multiple of order size (lot or position) : Initial order size * (ex. 1.6)

Or

  Custom of  order size (lot or position) : Initial order size * (ex. 1.6, 2, 2.6, 3, 4, 5.8, 7, 9, 11, 14…)

Max Recovery Trade : (ex 9)

STOP LOSS SETTING  ----------------------------------------------------

On / Off

When Max Recovery trade reached or Recovery order cannot be done because of shortage of balance or too much order Lot

And Max loss value(%)  >= 10(%) → changerble

→ close all position (both sell and buy) -> the cycle is complete in loss. 

If there is any thing must add on, please let me know.

Thank you.