Double Trader for Loss Recovery Trader
Double Trader is an EA that you can use with the Loss Recovery Trader.
It will open simultaneously a sell trade and a buy trade on the selected instrument when no trades are active and keeps repeating this process.
By opening trades in both directions, you would always have one of the two directions reaching Take Profit, securing a good profit, while the other direction would be entering the recovery mode.
Once the trade that entered in recovery mode, completes the recovery, Double Trader re-opens the trades for the process to begin again.
- Open three charts of the same instrument that you wish to trade
- Disable Auto Trading
- On the first chart put the Double Trader EA.
- Set the Lot sizes/comments to be used by the trades
- Make a note of the MagicBuy and MagicSell numbers. These are the magic numbers
- On the 2nd chart, put the Loss Recovery Trader, select First Trade Mode: External_EA_Trade and set the Magic to be same as MagicBuy
- On the 3rd chart, put the Loss Recovery Trader, select First Trade Mode: External_EA_Trade and set the Magic to be same as MagicSell
- Enable Auto Trading
The Double Trader EA will open a buy and sell trades while each of the Loss Recovery EAs will take over the trades. Double Trader will open new trades when no trade is active on the selected instrument with either of these two magic numbers.
- Lot: Lot size fixed amount
- Auto Lot: Start Lot is calculated as % from balance
- Lot_Percents: When Auto Lot is true
- MagicBuy: Magic number used for the Buy Trade
- MagicSell: Magic number used for the Sell Trade
- Comment_Buy: Comment used for the Buy Trade
- Comment_Sell: Comment used for the Sell Trade
- Active_Both_Trades: If true, buy and sell trades are always active when recovery has not started
- Use_Spread_Filter: Avoid taking trades when spread is too high
- Max_Spread: Max acceptable spread
- Use Time Zone 1: Enable First Time Zone Restriction
- Time Zone 1 Start: First Time Zone Start Time
- Time Zone 1 End: First Time Zone End Time
- Use Time Zone 2: Enables Second Time Zone Restriction
- Time Zone 2 Start: Second Time Zone Start Time
- Time Zone 2 End: Second Time Zone End Time
- Show_Comments: Show some comments on a chart
- Text_Color: Text color