CAP Zone Recovery EA User Guide Part 9
Grid & Equity Guardian Setting (Input Parameters)
It is possible to have the EA open multiple trades in the same direction (Apply Grid) prior to having the recovery start. This can be done to give the initial trade more chance of ending up in profit and prevent the recovery starting. Similarly, you can link the Loss Recovery EA with another external EA or manual trade that has opened multiple trades in the same direction.
The average open price of all the grid trades will be calculated for profit closing and the last opened price will be used as the basis level of the Recovery Zone Range placing hedge orders.
NumberOfGrids: Set number of Grid orders. 0 (zero)- Mean Disabled.
Grid GAP: After how many loosing pips a new grid trade opens.Grid Lots Multiplier: How bigger each trade will be relative to its previous trade.
Note - All grid trade TP will be fellow value of TakeProfit For Initial. Combined Take Profit in points/currency. It is calculated based on the average opened price.
EQUITY GUARDIAN SETTING
Profit & Loss Type: Select profit & loss type.
- In Dollar: EA work with dollar. Example
you set Profit & Loss Type = Dollar and you set Max Profit Value = 10, That
mean when your cycle in profit 10 dollar then it will close all trade.
- In Percentage: EA work with percentage of your account balance. Example you set Profit & Loss Type = Percentage and you set Max Profit Value = 10 and you balance is 1000$, That mean when your cycle in profit (10% of your balance 1000) = 100 dollar then it will close all trade.
Loss also work like that.
Max Profit Value: Set Max profit. If you cycle make profit this value EA close all trade.
Max Loss Value: Set Loss profit. If you cycle make loss this value EA close all trade.
Active Only When Recovery: If True, equity guardian only works recovery mode. If FALSE then it will work both initial and recovery mode.
Mt4 version - https://goo.gl/X10Ajd
MT5 version - https://goo.gl/nISxEg