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Manual ZoneRecovery MT5

5

Introducing the Zone Recovery EA, a powerful tool for traders who seek precise control over their Zone Recovery strategies. This manual version operates similarly to the Zone Recovery mode in ManHedger but some distinctive features – the Stop Loss (SL) cannot be modified during the strategy execution, and no pending orders are opened, when the StartPrice is reached.

There are no input parameters.

Zone Recovery strategies can only be executed on accounts that allow hedging.

Key Features:

  1. Hedging Strategy: Execute Zone Recovery strategies on accounts that allow hedging, unlocking the full potential of this dynamic approach to trading.

  2. Stop at Close: Choose whether the strategy continues trading after a profit or stops immediately after a loss. Tailor the behavior to align with your risk management preferences. You can select from the following 3 Modes:  1: Stop at Close: Strategy stops after closing out all the trades with profits,2: Keep Trading, the strategy will continue after profiting but the ask price as the new StartPrice, 3 : Status Quo the strategy will continue and stay exactly the same.                                                                                                                      

  3. StartPrice Parameter: Set the initial price at which the strategy begins trading, positioned between the ask and bid prices or within a 10-point range. Flexible options include starting at the ask price after a profit or maintaining the current status quo.

  4. Range Parameter: Calculate take-profit levels for buy and sell orders based on the StartPrice and Range. Anticipate price movements and set strategic ranges to optimize trade outcomes.

  5. Volume Parameter (MaxVol): Define the amount of money available for the strategy, expressed in lot size, money amount, or as a percentage of the account balance.

  6. TakeProfit Parameter (TakeProfit): Specify the profit target for the strategy in either a monetary amount or as a percentage of the account balance.

  7. StopLoss Parameter (StopLoss): Set the acceptable loss for the strategy, with options to define it in a monetary amount or as a percentage of the account balance. Leave it blank, and the EA will calculate an optimal stop loss based on market conditions.

  8. Run Strategy Button: Initiate or stop the strategy's execution with a simple click. This button provides convenient control over the strategy's operation.

  9. Display Button: Visualize the strategy on the chart, allowing you to manipulate start levels, buy and sell points, and adjust the range. Enhance your strategy by identifying key support and resistance levels.

  10. Dynamic Panel: Easily modify the StopLoss parameter while the strategy is running, ensuring adaptability to changing market conditions.

  11. User-Friendly Layout: The interface is designed for ease of use, empowering traders to create and control Zone Recovery strategies with confidence.

You can see the currently running strategy on the panel, whenever you change the timeframe, or minimize and maximize the dialog.


Bewertungen 2
Tuan Anh Dao
4916
Tuan Anh Dao 2024.04.20 04:32 
 

Thanks for sharing

V2DAY
45
V2DAY 2023.12.07 22:04 
 

Very nice indeed since there is MT4 and MT5 versions!

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Utilitys
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Vyacheslav Izvarin
Utilitys
Dedicated for FTMO and other Prop Firms Challenges 2020-2023 Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Best results on GOLD and US100  Use any Time Frame Close all deals and Auto-trading  before  US HIGH NEWS, reopen 2 minutes after Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday Recommended time to trade 09:00-21:00 GMT+3 For Prop Firms MUST use special  Protector  https://www.mql5.com/en/market/product/94362 ------------------
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MEETALGO LLC
4.43 (35)
Utilitys
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Utilitys
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Utilitys
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Utilitys
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Utilitys
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Utilitys
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Utilitys
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Auswahl:
Tuan Anh Dao
4916
Tuan Anh Dao 2024.04.20 04:32 
 

Thanks for sharing

Peter Mueller
8506
Antwort vom Entwickler Peter Mueller 2024.04.20 14:56
Thanks a lot for taking your time and giving me a review, I appreciate it!
V2DAY
45
V2DAY 2023.12.07 22:04 
 

Very nice indeed since there is MT4 and MT5 versions!

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