Zone Recovery Trading System EA

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

Attached File

OGT Zone Recovery EA v1.0.ex4   49 KB | 526 downloads

OGT Zone Recovery EA v1.1




OGT Zone Recovery EA v1.2




Thanks,
Zoheb.

Thanks for the kind words Zoheb! Hope everybody enjoys the EA. Let me know if you find any bugs or areas of improvement!

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

Thank you to share this EA!

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!

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

Hi,

There are some bugs.

1. Lot size of Hedge 1st level (sell stop)
2. Sell take profit not working

Same problem here and if multiple trading with different charts, it's not work correctly

Toppi

So basically another martingale system.

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?

Thanks for this. Mine works fine. Alistair is looking into it

Your welcome

Thank you for taking the time to review the system

Thanks for this. Alistair is looking into them

I just regestered on your webpage. It's a lot free stuff in there. Thank you very much! Best regards!

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.

What do you mean when you say it isn't working correctly? Is it not closing orders?

Its work now, I have miss change the magic number

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.

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)