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PZ Stop And Reverse EA MT4

This EA recovers losing trades using a sequential and controlled martingale: it places consecutive trades with increasing lot sizes until the initial trade is recovered, plus a small profit. It offers a complete hassle-free trading framework, from managing initial trades to recovery. Since it can recover trades in alternative directions or in the same direction, it becomes a powerful and flexible trading companion.

  • Easy to use and supervise
  • Trade easily using chart buttons
  • Controlled and pre-calculated risk exposure
  • Implements many automated entry strategies
  • It is able to trade using custom indicators
  • All orders are placed with a stop-loss
  • Trades micro accounts from $1,000
  • Filter trading by forex sessions
  • NFA/FIFO compliant

It offers two different martingale behaviors, at your discretion:

  • Stop and Reverse: The martingale is a sequence of trades of alternative directions
  • Stop and Repeat: The martingale is a sequence of trades in the same direction

If you have a strong directional bias in the market, then select "Stop and Repeat". If not, select "Stop and Reverse".

    How to get started

    1. Load the EA to any chart and timeframe
    2. Edit the settings until the risk is acceptable
    3. Start a trade using the chart buttons or...
    4. Enable an entry strategy from inputs
    5. Let the EA handle the trade and book a profit
    6. Repeat!
    The recovery will fail in a minority of cases. If it fails, it incurrs into a calculated loss.

    Usage Tips

    • Load the EA and trade using the buy or sell buttons
    • Never force a buy and sell at the same time. Take one initial trade per symbol
    • If the buy/sell buttons are not displayed, it means the EA is busy
    • The EA can trade many symbols independently at the same time
    • But be careful: never, ever, load the EA twice on the same symbol
    • There is no need to set a different Magic Number to trade different symbols
    • Trade from a VPS or leave your trading computer turned on 24/5
    • Try to never unload the EA to assure the atomicity of the martingale
    • You can change the martingale behavior on the fly at any time
    • If possible, trade from a fixed spread account
    The purpose of this EA is not to be profitable by itself, but to avoid preventable losses within the limits of the account free margin.

    Technical Information

    • The automated entries of the EA are evaluated at bar closing
    • The EA uses pending orders, connection lag should not be an issue
    • The EA won't trade live if there is risk of a margin call with current settings
    • However, the EA will trade in the tester with any settings, regardless of risk
    • The EA trades a manual lot size: the tester won't reflect compounding profits
    • The session filters are implemented in GMT time and only apply to automated entries
    • The EA will have just one open trade at any given time, and one pending order

    Input Parameters

    • Lotsize: Lot size of the initial trade.
    • Break-even: Profit in pips at which the EA moves the stop-loss above/below the open price for the first trade.
    • Break-even Behavior: Upon breakeven, the SL can be moved to the open price, or secure part of the profits.
    • Trailing Stop: Trailing stop expressed as % of current trade profit.
    • Trailing Step: Minimum increase in pips for the trailing stop.
    • Take Profit: Take-profit for the first trade.
    • Entry Strategy: The EA implements a some automated entry strategies to facilitate backtesting. Options are: CCI, ADX, RSI, Bollinger Bands, AC, AO, Alligator, MACD, PSAR, RVI, Stochastic, Heiken Ashi, Turtle Trading, Breakouts, Buy Constantly and Sell Constantly.
    • Trades: Max amount of trades to place during the recovery process.
    • Zone: Distance in pips between the current order and the next order in the martingale.
    • Martingale Behavior: The behavior can be (a) Stop and Reverse or (b) Stop and Repeat (ie, trade the same direction)
    • Trade Asian Session: Enable auto-trading during asian session.
    • Trade European Session: Enable auto-trading during europe session.
    • Trade American Session: Enable auto-trading during american session.
    • Magic Number: The EA uses the magic number to identify its trades.
    • Custom Comment: Enter your custom comment for all trades here.

    Support and questions

    Use the helpdesk for questions or timely support. Write an email to: help@pointzero-trading.com

    Author

    Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions
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