CAP Zone Recovery EA Pro MT5

Inputs

1) RECOVERY ZONE MANAGEMENT

• Hedge Order Type: Order type for a hedge order. You can select a pending or an instant order.
• Magic: A unique identification code to be used for all trades opened by this robot.
• TP_Type: Select your take profit type:
1. In Points: Take profit always has a fixed distance from the latest trade
2. In Currency: Take profit in currency.
• TakeProfit For Initial (Points/Currency): Take profit for an initial trade.
• TakeProfit For Hedge (Points/Currency): Take profit for a hedge trade.
• RecoveryGAP: Distance for recovery level in points.
• MaxHedgeOrder: Max. number of trades to be opened using the zone recovery algorithm.
• LotType: Lots type for a hedge order
1. Multiple: Lots size will be multiple from previous order.
2. Custom: Lots size will be custom, defined by a user.
3. AddLots: Lots size will be added.
4. Aggressive: Pre-define lots management for an aggressive user.
5. Patient: Pre-define lots management for a patient user.
• MultipleLots: Multiple lot sizing (compared to a last opened trade).
• AddLots: Value of added lots. Example: the EA wants to open a sell hedge order then lots calculation will be (Total Buys Lots - Total Sell Lots = Result Lots+Add Lots).
• CustomLots: Set custom lots size for every hedge trade. Lots size will be separated by “;”.

2) INITIAL TRADE SETTING

• Initial Trade Type: Decide your first initial trade type.
1. External Manual Trade: Initial trade gets opened manually. Open the trade (buy/sell/pending order) manually directly through the MT4 or MT4 mobile.
2. External EA Trade: Initial trade gets open by another EA. Ensure that both EAs are using the same magic number.
3. Auto Trading: EA opens an initial trade automatically based on the internal trading strategy.
4. Custom PlugIn: EA opens an initial trade based on the custom plugin. If anyone wants its own custom trading logic for initial trade, then they can develop a plugin for this EA.
5. Instant Order: EA opens an initial trade by instant (BUY/SELL/PENDING ORDER). In case you want to place more than one manual trade on the same instrument, you can place a trade with this method.
6. Trade Panel: You can open an initial trade via the mini trade panel.
• Auto Trading: Applied trading strategy.
• Instant Trade Type: Instant trade type.
• Continuous Trade: If TRUE, continuously open an initial trade after closing any trade (only works when an initial trade type is Instant Order).
• Reverse Signals: if TRUE, reverse all signals for auto trading (only works when an initial trade type is Auto Trading).

3) TWO-STAGE RECOVERY REGION

Change the recovery zone region used after a given number of trades to avoid a ranging market.

• Add Recovery GAP (+/-): Set the value of points that want to add/minus from your original recovery gap to make a new recovery gap.
• Number Of Order: Number of trades, after recovery gap is changed.
• Max/Min. Recovery GAP: Maximum/minimum recovery gap.

4) LOSS SETTING

• Loss Traking Policy: Select any of loss taking policy - what the EA does when MaxHedgeOrder is reached.
1. NONE: EA will not close any trade by loss.
2. Place Stoploss When MaxHedgeOrder Reach: If True, the EA sets a fixed stop loss if MaxHedgeOrder is reached.
3. Close Trade By Trade: If True, the EA closes the latest order step by step. Example: you set MaxHedgeOrder=8. If total trades reach 8, then the EA will not open any hedge trade. In this situation, if your latest trade is in a loss, the EA closes the latest trade.
• SetSLForError: If the EA is unable to open a hedge trade due to any error, set a stop loss from an opposite trade.
• StopLoss: Stop loss in a gap (points).

5) GRID SETTING

Apply grid strategy before the recovery begins or use with an EA that has opened multiple trades in the same direction.

• Number Of Grids Trade: Set number of grid orders, 0 - no grid.
• Grid GAP: Grid gap size in points.
• Grid Lots Multiplier: Grid lots multiplier.

6) TRAILING MANAGEMENT: Trailing only works when there is no hedge trade active (only for an initial trade).

7) BREAK EVENT MANAGEMENT: breakeven only works when there is no hedge trade active (only for initial trade).

8) TIME CONFIGURATIONS

• Trade Asian: (True/False).
• Trade Europe: (True/False).
• Trade America: (True/False).

Author

Capilta Business Solutions