ManualRecoveryBETrailingXAUUSD

ManualRecoveryBETrailingXAUUSD is a semi-automatic trade management tool designed to manage positions using a grid-averaging and basket-closure algorithm. This utility can be used for manual trades or in conjunction with other Expert Advisors to handle drawdown recovery.

The EA is optimized for high-volatility symbols like XAUUSD (Gold). Once an initial trade is opened, the EA manages subsequent recovery orders based on user-defined parameters to reach a combined profit target.

Technical Features:

• Basket Recovery Logic: Automatically executes additional orders at specified distances when positions move into drawdown.

• Profit Target (USD): Closes all symbol-specific positions once the total floating profit reaches the target amount in account currency.

• Break-Even & Trailing Stop: Includes built-in functions to secure profit and move stop-loss levels based on price movement.

• Magic Number Filtering: Can be configured to manage manual orders (Magic 0) or specific EA orders by magic number.

• Order Cleanup: Option to remove existing SL/TP from managed orders to prevent execution conflicts during recovery.

Operation Guide:

• Target Magic Number: Use 0 for manual trades, or -1 for all trades on the current chart.

• InpBasketProfitUSD: Monetary target for closing the entire basket.

• InpRecoveryDistancePoints: Minimum distance in points between recovery orders.

• InpMaxRecoveryTrades: Maximum allowed recovery orders to manage margin exposure.

Risk Disclosure: Grid-based trading and averaging strategies involve significant risk. Market trends can lead to substantial drawdowns that may exceed account balance. It is mandatory to use a DEMO account to understand the EA behavior, recovery logic, and margin requirements before considering use on a live account.