This EA supports all chart symbols and timeframes. Once attached, it adapts to the selected chart automatically. No additional configuration is required at launch.
Detailed explanation is available at: https://www.mql5.com/en/blogs/post/745691
Performance Testing Strategy
Backtesting is most effective using MetaTrader 5 due to advanced features not present in MT4. Key reasons include:
- MT4 lacks tick-based simulation accuracy.
- It does not support multi-symbol testing environments.
- MT5 allows testing using "Every Tick Based on Real Ticks" for realistic data simulation.
Configuring Trade Instruments
To define tradable instruments:
- Adjust the symbol list within the EA input parameters.
- No need to enter broker-specific suffixes/prefixes. For instance, enter EURUSD even if your broker uses EURUSD.m .
Running Multiple EAs Simultaneously
Each EA should be assigned a unique Magic Number to prevent conflicts. This allows seamless operation of multiple EAs on a single terminal.
EA Software Updates
Follow the instructions in the link below when an EA update is released:
https://www.mql5.com/en/blogs/post/729017
Joining Official Communication Channels
For Telegram access, contact the EA author via private message on MQL5.
To access the official MQL5 channel, follow this link: https://www.mql5.com/en/channels/016d6cdddfbcdb01
Optimization & Preset Files
The default configuration is suitable for most environments. However, users may:
- Customize settings via optimization based on broker conditions.
- Access updated setfiles from our official channels.
Risk Management Recommendations
Maintain risk per trade between 1% and 2%. Higher risk may lead to drawdowns, while lower risk offers better long-term consistency.
EA Configuration Parameters Overview
-
choose trading symbols
Select the financial instruments (like XAUUSD, EURUSD) that the EA will trade. -
specify main magic number
Assign a unique identifier to the EA’s trades to distinguish them from others. -
choose order comment
Add an optional comment to each trade for identification or logging purposes. -
specify lot calculation method
Choose how the EA calculates lot size — either fixed or percentage-based. -
set risk percentage for each trade
Define how much of the account balance to risk per trade (in percent). -
define fixed lot size
Set a specific, unchanging lot size for all trades if not using dynamic calculation. -
use only one trade per symbol
Prevent the EA from opening multiple trades on the same instrument simultaneously. -
specify min distance between trades (in points)
Set the minimum spacing (in points) required between trades to avoid clustering. -
enables strategic loss recovery
Turn on the recovery feature to help recoup losses using a strategy. -
utilize reverse recovery strategy
Use an opposite or inverse method for recovery trades. -
define strategy start method
Decide how and when the recovery zone will be triggered or initiated. -
select how to increase free margin
Choose a method to manage margin when recovery trades are placed. -
omit initial recovery symbol
Skip the original symbol that caused the loss when starting recovery. -
activate recovery on signal
Enable starting recovery based on a market signal instead of immediately. -
specify timeframe for recovery signal detection
Choose the chart timeframe to analyze for recovery signals (e.g., H8). -
specify period for recovery signal detection
Define how many bars/candles to consider for signal analysis. -
specify RSI low value for recovery signal detection
Set the lower RSI level to trigger a potential recovery trade. -
specify RSI high value for recovery signal detection
Set the upper RSI level as a threshold for signal confirmation. -
utilize reverse RSI recovery strategy
Use an inverse logic for the RSI-based recovery decision. -
activate recovery continuation on signal
Allow recovery to keep going if a signal confirms continuation. -
specify fast ATR period for recovery signal detection
Use a short-term ATR period for volatility analysis in recovery. -
specify slow ATR period for recovery signal detection
Use a longer-term ATR for trend/volatility comparison in signal confirmation. -
specify sensitivity for recovery signal detection
Set how sensitive the system should be when detecting valid recovery signals. -
specify zone distance (fixed points)
Define a fixed point range to consider as the "zone" for placing recovery trades. -
specify ATR timeframe
Choose the chart timeframe used to calculate ATR (Average True Range). -
specify ATR period for zone calculation
Set the number of bars used to calculate the ATR value. -
specify ATR multiplier for zones
Multiply the ATR value by this number to size the trading zone. -
specify TP pips multiplier for same signal
Set a take profit distance multiplier when the trade direction matches the signal. -
specify TP multiplier for opposite signal
Use a larger or smaller TP when the trade goes against the signal direction. -
specify profit type for recovery
Choose the kind of profit target used during recovery (e.g., fixed amount or percentage). -
specify total profit USD after recovery
Set a cash amount goal to be reached before closing recovery trades. -
specify total profit % of balance after recovery
Define a percentage of account balance as the profit goal post-recovery. -
specify allowed maximum drawdown to avoid new trades
Limit how much loss (in percentage) the account can take before trading halts. -
use close on max drawdown
Automatically close all trades if the drawdown exceeds the set threshold
