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Zone Recovery Trading System EA

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  • Post #1
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  • First Post: Edited Dec 8, 2020 5:11pm Oct 4, 2020 5:52am | Edited Dec 8, 2020 5:11pm
  •  zoheb01
  • Joined Aug 2016 | Status: Member | 461 Posts
Hey Guys,

I am super happy to release today the OGT Zone Recovery EA v1.0.

The Zone Recovery trading system is a money management hedging strategy that allows you to profit EVEN WHEN PRICE GOES AGAINST YOU!.

You set a fixed take profit which if hit the EA closes out at a profit. If the market moves against you by x pips (which you define) it opens a trade in the opposite direction (hedge trade) at a slightly higher lot size (again which you define). This process continues until price breaks in either direction.

You can watch my journal where I go through the system in more detail and me trading the strategy with a paid EA here.

I thought there was real potential with the system that I set out to create a similar version for FREE! I've partnered with another FF member Alistair, who was kind enough to take the time to code this indicator for us (big shout out to him - he is an excellent coder).

I got him on my OGT YouTube channel where we talk about:

1) EA Input Settings
2) Two Modes (Semi Automated / Fully Automated)
3) Fully Automated Back Test Example
4) Our Preferred Settings

Like we mention in the video, there are two modes semi automated where you place the initial trade and the EA manages the trade based on your settings. There is also a fully automated mode which uses the RSI MTF strategy which can be found here.

Both Alistair and I are keen on developing this EA with more functionality and trading systems and would love to hear your guys thoughts on how we can make this the best Zone Recovery EA out there for FREE!

Looking forward to your feedback.

OGT Zone Recovery EA v1.0

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Attached File(s)
File Type: ex4 OGT Zone Recovery EA v1.0.ex4   49 KB | 2,718 downloads


OGT Zone Recovery EA v1.1

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Attached File(s)
File Type: ex4 OGT Zone Recovery EA v1.1.ex4   52 KB | 1,026 downloads | Uploaded Oct 21, 2020 11:46am


OGT Zone Recovery EA v1.2

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File Type: ex4 OGT Zone Recovery EA v1.2.ex4   51 KB | 1,469 downloads | Uploaded Oct 21, 2020 11:45am


OGT Zone Recovery EA v1.3

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File Type: ex4 OGT Zone Recovery EA v1.3.ex4   60 KB | 2,819 downloads | Uploaded Dec 8, 2020 5:11pm


Thanks,
Zoheb.
Never stop investing. Never stop improving. Never stop doing something new
  • Post #2
  • Quote
  • Oct 4, 2020 6:20am Oct 4, 2020 6:20am
  •  aliswee
  • | Joined Jul 2020 | Status: Member | 27 Posts
Thanks for the kind words Zoheb! Hope everybody enjoys the EA. Let me know if you find any bugs or areas of improvement!
Alistair
 
 
  • Post #3
  • Quote
  • Edited 11:52pm Oct 4, 2020 3:32pm | Edited 11:52pm
  •  Peluq
  • | Joined Jun 2013 | Status: Member | 73 Posts
Thanks for the EA. Does it have an expiration date?
I think I found a bug.
1st operation buy 0.1
2nd operation sell 0.02. It should be 0.2 right?
default setting
Attached Image (click to enlarge)
Click to Enlarge

Name: bug.png
Size: 50 KB
 
 
  • Post #4
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  • Oct 4, 2020 10:11pm Oct 4, 2020 10:11pm
  •  flashpaul
  • Joined Sep 2013 | Status: Member | 269 Posts | Online Now
Thank you to share this EA!
 
 
  • Post #5
  • Quote
  • Oct 6, 2020 12:06am Oct 6, 2020 12:06am
  •  Dzap
  • Joined Mar 2020 | Status: Member | 343 Posts
Replying so I don't lose this thread again
Good stuff-if this functions how I desire, should save me some coding time

Thank you!
every bar counts
 
 
  • Post #6
  • Quote
  • Oct 6, 2020 2:13am Oct 6, 2020 2:13am
  •  saslam
  • | Joined Jan 2014 | Status: Member | 32 Posts
Hi,

Thanks for sharing the EA. I'm also using similar strategy and I have my own EA. There are many improvements that can be done like

Varying the distance to protect from death spiral during ranging markets
Entering trade at round numbers
cheeking the market direction during hedging and adjusting the lot size
etc
 
 
  • Post #7
  • Quote
  • Oct 6, 2020 4:14am Oct 6, 2020 4:14am
  •  saslam
  • | Joined Jan 2014 | Status: Member | 32 Posts
Hi,

There are some bugs.

1. Lot size of Hedge 1st level (sell stop)
2. Sell take profit not working
 
 
  • Post #8
  • Quote
  • Oct 6, 2020 5:37am Oct 6, 2020 5:37am
  •  Toppi
  • Joined Jul 2015 | Status: DemoMeister | 195 Posts
Quoting saslam
Disliked
Hi, There are some bugs. 1. Lot size of Hedge 1st level (sell stop) 2. Sell take profit not working
Ignored
Same problem here and if multiple trading with different charts, it's not work correctly

Toppi
 
 
  • Post #9
  • Quote
  • Oct 6, 2020 5:53am Oct 6, 2020 5:53am
  •  javaboy
  • | Joined Apr 2013 | Status: Member | 41 Posts
So basically another martingale system.
 
 
  • Post #10
  • Quote
  • Oct 6, 2020 9:40am Oct 6, 2020 9:40am
  •  karsten1979
  • | Joined Oct 2020 | Status: Member | 4 Posts
seems to be... constantly small wins over the time... and at some point could be blow your account.
Maybe someone had settings or ideas to change it for a better RR-ratio?
 
 
  • Post #11
  • Quote
  • Oct 6, 2020 4:33pm Oct 6, 2020 4:33pm
  •  zoheb01
  • Joined Aug 2016 | Status: Member | 461 Posts
Quoting Peluq
Disliked
Thanks for the EA. Does it have an expiration date? I think I found a bug. 1st operation buy 0.1 2nd operation sell 0.02. It should be 0.2 right? default setting {image}
Ignored
Thanks for this. Mine works fine. Alistair is looking into it
Never stop investing. Never stop improving. Never stop doing something new
 
 
  • Post #12
  • Quote
  • Oct 6, 2020 4:34pm Oct 6, 2020 4:34pm
  •  zoheb01
  • Joined Aug 2016 | Status: Member | 461 Posts
Quoting flashpaul
Disliked
Thank you to share this EA!
Ignored
Your welcome
Never stop investing. Never stop improving. Never stop doing something new
 
 
  • Post #13
  • Quote
  • Oct 6, 2020 4:34pm Oct 6, 2020 4:34pm
  •  zoheb01
  • Joined Aug 2016 | Status: Member | 461 Posts
Quoting Dzap
Disliked
Replying so I don't lose this thread again Good stuff-if this functions how I desire, should save me some coding time Thank you!
Ignored
Thank you for taking the time to review the system
Never stop investing. Never stop improving. Never stop doing something new
 
 
  • Post #14
  • Quote
  • Oct 6, 2020 4:35pm Oct 6, 2020 4:35pm
  •  zoheb01
  • Joined Aug 2016 | Status: Member | 461 Posts
Quoting saslam
Disliked
Hi, There are some bugs. 1. Lot size of Hedge 1st level (sell stop) 2. Sell take profit not working
Ignored
Thanks for this. Alistair is looking into them
Never stop investing. Never stop improving. Never stop doing something new
 
 
  • Post #15
  • Quote
  • Oct 7, 2020 6:58am Oct 7, 2020 6:58am
  •  veter
  • Joined Dec 2018 | Status: Member | 149 Posts
I just regestered on your webpage. It's a lot free stuff in there. Thank you very much! Best regards!
 
 
  • Post #16
  • Quote
  • Oct 8, 2020 7:17am Oct 8, 2020 7:17am
  •  aliswee
  • | Joined Jul 2020 | Status: Member | 27 Posts
Hey everyone, thanks for pointing out the bugs in the code. I am looking into them now, it's so useful to have the community get involved and test these things out.
Alistair
 
 
  • Post #17
  • Quote
  • Oct 8, 2020 7:30am Oct 8, 2020 7:30am
  •  aliswee
  • | Joined Jul 2020 | Status: Member | 27 Posts
Quoting Toppi
Disliked
{quote} Same problem here and if multiple trading with different charts, it's not work correctly Toppi
Ignored
What do you mean when you say it isn't working correctly? Is it not closing orders?
Alistair
 
 
  • Post #18
  • Quote
  • Oct 8, 2020 7:33am Oct 8, 2020 7:33am
  •  Toppi
  • Joined Jul 2015 | Status: DemoMeister | 195 Posts
Quoting aliswee
Disliked
{quote} What do you mean when you say it isn't working correctly? Is it not closing orders?
Ignored
Its work now, I have miss change the magic number
 
 
  • Post #19
  • Quote
  • Oct 8, 2020 9:48am Oct 8, 2020 9:48am
  •  aliswee
  • | Joined Jul 2020 | Status: Member | 27 Posts
Quoting karsten1979
Disliked
seems to be... constantly small wins over the time... and at some point could be blow your account. Maybe someone had settings or ideas to change it for a better RR-ratio?
Ignored
This is really a risk management EA, it will perform much better combined with a solid entry strategy. I think in particular one that predicts breakouts.

This EA gives you a perfect straight equity curve with no losses, however if your entries aren't right you'll blow your account.
Alistair
 
1
  • Post #20
  • Quote
  • Oct 9, 2020 9:25am Oct 9, 2020 9:25am
  •  karsten1979
  • | Joined Oct 2020 | Status: Member | 4 Posts
well, isnt that the sense of the MFI-RSI (fully automated) parameter (overbought/oversold)?

maybe it would be a good idea to have some more to chose from and than to trade not fully automatically but only half (controlling your conditions)
 
 
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