Changes to existing EA (Zone Recovery EA MT5)

MQL5 Indicators Experts

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Execution time 3 days
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Specification

Attached is the source code

TP & Zone calculation steps (remove the ATR based calculation part from the code)

  • Remove the ATR based calculation part from the code
  • TP in pips should always be equal to Zone in pips.

Step 1) Convert Profit Currency (available in the specifications of the asset) of the currency pair/Index/Metal to USD.

Step 2) Apply the Percentage risk. Fore example: if the Risk percentage is 2% => for a 100,000 $ => 2000 $.

Step 3) When I click on Activate Zone, we know the zone size in pips. So, for example the zone size is 400 points, apply, (2000 / 400) = 5 Lots. 

Step 4) Activate the TP at 400 points distance. The EA should close all the trades/orders of only the current chart, when the TP is hit. 

Once I click on ‘Activate Zone’ the TP in pips should also be set. TP should change even if I change the zone size manually. Obviously, Lot size will also change.

  • Show (on the EA panel), the Loss the EA will make when the 1st trade hits SL. For this you have to use the value from the ‘Desired Lot’ if mentioned, else, the value from the ‘Lot Size’ field.
  •  Always show the P/L of the Current Basket of trades. Start the calculation, when I click the ‘Activate Zone’ button and stop the calculation when the TP is hit or when I click on Close / Close all Trades buttons.



  • Currently, after clicking the Activate zone button, when I manually change the zone, I have to separately, drag the Pending Order and SL, which is really irritating and it takes a lot of clicks of the pop-ups that come through. As the screenshot below shows, I should be dragging the green box to a desired distance to adjust the zone and when I drag the green box, both: The Pending Buy stop Order and SL of the pending Sell stop order should be move together (without any pop-ups and clicks).

 

 

  • 'Close all Trades' button to close all the Trades in the MT5 Terminal.

 

 

  

 

 

 


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