Zone Recovery EA
watch the video below to learn about Zone Recovery:
Forex trading Strategy 100% winning trades!! WIN every trade you take!!!
This will be a semi-auto EA with a user interface for order placement and relevant settings, not a complete EA that trades on its own.
All the following things will be shown on the upper left side of chart:
Breakeven line: based on current opening positions, at which price I can exit all positions at breakeven.
Floating Loss/profits of all opening positions of the current pair
Total Number of Times the orders are triggered
Current Range: Upper TP-SL - Lower TP-SL (TP and SL are the same price of a group of hedging orders in a recovery cycle)
Visualized Order placement
Visualized Order placement
Aside from input numbers to place a trade, when clicking the “display” button, I can see the lines of upper TP-SL (The same price for a recovery cycle), lower TP-SL, upper entry price, lower entry price on the chart, and I can drag and move these lines to place order.
Ratio between entry distance and TP-SL:
If two entry prices are 30 pips away from each other, and TP-SL is set 60 pips away from entries on each side, then the ratio between entry and TP-SL is 1:2. When I confirm the two entry prices and input the ratio (ex 1/2, ⅓, 2, 3). The two TP-SL price lines can be calculated and shown on the chart automatically.
Initial size calculator (%/money)
This is similar to a position size calculator. I want to calculate the position of my initial order by risking a certain percent/ fixed number of money of the current account balance.
Initial Order Placement
The initial order can be entered as an instant market order, or a limit order/stop order. For an instant market in, I should be able to build a complete recovery cycle (set two TP-SL and another entry price) based on it afterwards, and it should be counted as one trigger time. The recovery orders are always market orders.
Recovery order size (Hedged position)
Recovery order size = initial order size * multiplier
Normal multiplier → input a certain number (ex 1.5, 2)
Customized multiplier (On/off): input different multipliers for each recovery order from 1 to 15. For example, suppose the first order is 1, second multiplier is 2.5, then second recovery order is 2.5. The third multiplier is 1.4, then the third order is 1.4. The template of the customized multiplier can be saved for future use.
Trade Management
There should be a part where I can see all the buy positions and sell positions opened for a specific currency pair when I'm on the chart of that currency pair. Besides, I can close specific positions or close all instantly. Also I need you to propose me a possible way to do trailing stop if the initial position is going well for TP.
Stop Loss Setting: On/Off
Max Loss value (in % / in USD)
Max order trigger times(ex 9)
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