Hello so here are the features for my EA.
first i will give you a attachement with the actual EA named RECOVERY EA.
So first this EA may be weirdly coded, i had some issue with the programer so i cancel the job half finish.
You need to test the EA on your MT5 plateform to see how its actually working so when you make the modifications and give it to me for a test it need to work at least like before !! i know your not stupid but the first programmer give it back to me absolutely not working and doing crazy stuff.
If you have any question tell me im french but i will manage to give you the best explanations so we won't spend our precious time on testing and testing and testing...
So now this ea like you will see place two pending orders in a channel , one sell and one buy , when a pending order is reach a position is open , and when the price reverse before hiting the take profit the EA open a bigger trade in the oposite direction , and if the price reverse again it open a other trade the same amount in the oposite direction again and again until a fixed amout is reach.
Maybe you don't get it but just test it you will see it's easy.
the first issue, in a range it open a lot of trades and the price can't move enough to refund the first trade.
So here are the modification needed , just ad to this EA 4 functions.
1. Max open positions at the same time. Adjustable of course so the ea won't open 100 trades...
2. A coutdown that start when the EA open more than 1 position when the countdown is over it close all trades.
for exemple i set 60 minutes, after 60 minutes the EA close all open positions.
3. A max loss, when the open positions are losing for exemple 100 dollars the EA close all postions and start back automatically so i don't need to start manually the EA.
4. I think the EA is weardly coded because my PC have trouble to run it while its a simple EA so if its needed modify the program to make it work .
I hope that you will manage to add this function to my EA. If you have a question ask me.
And if you take few days give me updates about the work :).
Have a nice day !!
here are the basic settings for you to test it and watch how it works test it on M5 EURUSD.