Zone Recovery Trading System EA

You can see in the attachment 1 the pending stop orders automatically closed by the ea at the same time while the trades are open in GBPUSD, GBPCAD, USDCAD, USDCHF, and EURAUD( First one).
Attachemnt 2: From another broker you can see the GBPJPY trade is still open and it has cancelled the pending stop sell order.

It is breaking the cycle again in this version, it needs to be amended. Remaining open trades will close in loss obviously while the pending orders are cancelled. Untill and unless there are open trades, the ea must not close pending stop orders. When the trade is closed then pending stop orders will close but EA is breaking the cycle and cancelling the pending stop orders while trades are open.
Please amend this version instead of releasing new.

Kind Regards,

I found the issue now if you check the cancelled pending stop orders, you will find that it has closed all at the same time. If any one currency pair t.p is hitting or trade is closing then instead of closing that currency pair pending order, EA closing all pending orders, while the other trades are running. Using this EA right now you can trade in one currency pair at the same time, if that trade is closed then you may trade in other pair.

if programmer changes that only pending stop order of particular currency pair is closed while hitting the t.p or closing running trades then we can trade at the same time in more than one currency pair. Can you do it?

Kind Regards

I can sort this. Thanks for the shout out.

That's the risk with an ATR based stop, you have to make sure it's wide enough for your brokers minimum stop distance.

Thanks for the source code.

I have tested the EA for 3days and I will test this till Friday and it's working good on one currency pair and I hope you will sort it out for simultaneously working on different pairs.
Best wishes

Zoheb you have to make one video on youtube regarding the use of EA, that how to use system.
I tested this EA on manual mode, this system is Leverage based and you must have at least 1:400 leverage and for 1000 USD account lot size will be 0.01 and for 10,000 USD lot size 0.1 and so on. Risk Management and Position Sizing are the two most important aspects of any type of trading. If you will use bigger lot size than you will have at the end very big loss, if you stuck in ranging market. Because this system keeps on doubling the lot size until and unless hit the profit target. Good EA if you use it carefully. It will be more profitable, if it can work in multiple currency pairs at the same time. For intraday traders by taking 3 to 5 trades daily this EA can produce around 10% profit monthly with the same lot size i mentioned above.
Please insist Ali that make changes on this system so that it can be used on multiple currency pairs at the same time, that will reduce the risk, because if you have taken two trades, one pair is ranging and the other is trending then your one position will be clear early and margin will be free.

Kind Regards,

One more issue. Take profit and recovery Take Profit is not working properly. Its increasing the no of pips for both T.P. Some times its not good because market reverse and trade is not closing exactly where it has to close.

Dear Zoheb!

Can you tell me, what is this?

Regarsd, Y

I think you have opened more than one position and after one trade t.p hit or closed by EA, then all pending orders are closed and EA is unable to find buy stop order.
Trade in one pair at the same time then E.A will work properly.

Hello, would it be possible to add a few things to this EA as I have tested this manually and had very good results. I'll try my best to explain.

For example if I am in a buy with 1.00 lots then the trade goes against me for 50 pips, it will open a sell at 50 pips with the same lot size as my initial trade being 1.00. Then at -60 pips it adds to the sell side with 1.5x the initial trade, being 1.50. Then at -70 it adds to the sells again with 2x the initial trade being 2.00 lots. Then looking to take me out at any profit I set.

If price goes against me to activate any of the hedge levels, but doesn't go against me enough to get out with profit and then returns to my original entry, it will open a trade adding to the buy side at my initial entry, 10 and 20 pips past my initial entry level.

The hedge level positions go up in 0.5x. So for example if price goes against my buy and hits all 3 hedge levels (1x,1.5x,2x) at -50, -60 and -70 pips. If I it goes back to entry before being able to take me out for profit. The next hedge would be back at my initial entry with 2.5x and then 10 pips above entry with 3x, then 3.5x at 20 pips until the trade gets out with profit or breakeven. And then the same again if it doesn't get to profit and goes back down to my -50 hedge. Enter with 4x the initial trade and 4.5x at -60 and 5x at -70 if it it goes back down without getting me out with small profit from the buy side. Just repeating the cycle until coming out at breakeven or profit.

I hope this makes sense. It is very similar to zone recovery but scales in past the original 50 pips hedge level and the positions go up in 0.5x. If it is confusing I will try and show some pictures from back testing. Thanks.

If this is possible, the next step would be to add entry criteria so it is a fully automated EA and doesn't need a manual entry. I would like it be using stochastic 5,3,3 setting on the 5m chart taking buys below 20 level and sells above 80, with the stochastic lines cross in the direction above/below the levels. But only to take trades in the same direction of the 50 EMA being above/below the 200 EMA on the 1HR chart. Hedge being at 50 pips, or if able to change it. Take profit being at 30 pips or being able to change in settings on the initial trade, until hits hedge level then removes TP and gets out all trades with small profit.

If anyone is able to make this EA please let me know, it would be amazing!

Thanks for this. I will look into making a video for you.

I will speak to Alistair

i think you should add custom magic number in EA settings, so EA will work with multiple pairs.

waiting for your good news. your ea really nice. 5stars

Is it possible to freely drag around the OGT panel on the chart, it seems to be fixed to the left corner?

Yes you may change x and y coordinates settings.

Ah thank you, didn´t see that.

Hi guys , i would like to ask if the market sti in the same range . Will you buy and sell until all your margin goes away or do the cut lost ? .

This ea look like profitabel but one loss all acount gone

Hi guys,

EA COULD NOT FIND RECOVERY BUY STOP

I have USE ATR - FALSE and USE RECOVERY TP - FALSE. When I made these trades my magic number was the same as other trades that opened and closed in profit. Is this the issue why it did not open a 4th recovery trade and left open the original trades?