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I have a RENKO based EA and I would like to add Zone recovery option to recover losing trades.
If recovery mode is enabled, it will not allow closing open orders as long as the open positions are in loss.
When the first open position is in loss (breakeven has not been activated) and the conditions are met to open an opposite position, then recovery mode will disable all exit strategies, and the EA is expected to activate recovery mode and exit all trades at specific profit either in value or % of the balance.
I want the recovery mode to apply the following:
- Money management will be ignored and we will use double the initial order size (When recovery mode is enabled the Max.Open Orders=1).
- Entry of the first hedge order will follow the normal entry rules but with double the initial order size, then the 2 hedge order levels will be considered for a zone recovery module placing pending buys and pending sells.
- Only one order is expected to open at each swing move in the zone recovery range.
- All entry and exit rules will be ignored and the open orders will be closed according to the Close @ profit value or Close @ Profit % of Balance.
The needed EA items in the control panel:
- Enable Zone Recovery: true/false
- Close @ profit value: true/false
- Profit value: ###
- Close @ Profit % of Balance: true/false
- Profit % of Balance: %%%
Yanıtlandı
1
Derecelendirme
Projeler
134
66%
Arabuluculuk
36
25%
/
56%
Süresi dolmuş
22
16%
Serbest
2
Derecelendirme
Projeler
506
40%
Arabuluculuk
147
18%
/
72%
Süresi dolmuş
99
20%
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