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Attachments: Zone Recovery Trading System EA
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Zone Recovery Trading System EA

Guys, I'm not sure if that's even possible, but is there a way to create a common forex trading account (for retail traders) where only one person will be allowed to trade? However for withdrawals, it will require the authorization of all the other members so that nobody should run away with the group's money.
Thank you for the EA, however this is more a Stop & Reverse type of strategy like the old Surefire.

I thought a Recovery Zone strategies would recover the loss of the original position rather than the miss gain like in a martingale.

Anyway I would suggest adding a hard stop, based on a $ amount or % of the account just in case there is a gap or a flash crash.

Cheers
Hi,

Any chance of customisable lot size increments when hedging? Would be nice to be able to set your own settings in the EA like the 'zone recovery EA which allows you to do this.

Many thanks

Baz
Quoting bassoras
Guys, I'm not sure if that's even possible, but is there a way to create a common forex trading account (for retail traders) where only one person will be allowed to trade? However for withdrawals, it will require the authorization of all the other members so that nobody should run away with the group's money.
There's no such thing as what you imagine. But you can realize it in a way that one trades on his MT4 account and the others, each for his own account,
copy the signals, e.g. via FX Blue. It is simple and each signal receiver can scale the lot size for itself.
Quoting Robin68
{quote} There's no such thing as what you imagine. But you can realize it in a way that one trades on his MT4 account and the others, each for his own account, copy the signals, e.g. via FX Blue. It is simple and each signal receiver can scale the lot size for itself.
Ok, thanks!
Version 1.1 out now!

Inserted Video
Quoting vPriVate
Version 1.1 out now! https://youtu.be/ECkp_-1o2ag
Thanks vPriVate for releasing this. I was out this evening and going to do it tonight.

In this video Alistair runs through 5 updates to v1.0. This version is more robust and we are now looking forward adding more trading strategies to the automated version.

Inserted Video


Attached File(s)
File Type: ex4 OGT Zone Recovery EA v1.1.ex4   52 KB | 362 downloads

As always please share your feedback.
Never stop investing. Never stop improving. Never stop doing something new
Hi, on loading the ea it works perfectly n manual mode, for one time only. when starting a manual sequence again it places the first trade with no other trade pending. the error is number 130 invalid stops. Is this a simple fix?
I got it to work again by removing the ea, restarting mt4 and then reattaching the ea but... It also gave another error after 3 x recovery trades, it didn't place any more, and left all 4 trades down.
Also, why are the recovery trades doubling every time?
Thanks
U can try this indicator for entry, a simple multi tf Hull MA arrow by Mladen, it follow trend instead of reversal like MTF Rsi.
Attached File(s)
File Type: mq4 4TF HMA arrows alerts.mq4   31 KB | 464 downloads
Quoting markslf
Hi, on loading the ea it works perfectly n manual mode, for one time only. when starting a manual sequence again it places the first trade with no other trade pending. the error is number 130 invalid stops. Is this a simple fix?
Error 130 means that the distance from the market-price is too close or invalid for your stop loss, take profit or pending-order price.
You need more pips for the distance for the pending order to be opened.
Every currency pair has an other distance/stoplevel. For minor pairs it is usually very low (< 10 pips), for minors or exotic pairs it can be very high (sometimes > 25 pips).
Thanks for the ea. Used it on audusd 15 min. It got to the profit of 5$ but kept on going....I had to manually close it. Pls can you look into it. Thanks
Quoting Ogechukwuka
Thanks for the ea. Used it on audusd 15 min. It got to the profit of 5$ but kept on going....I had to manually close it. Pls can you look into it. Thanks
Thanks for this. I need to see a screenshot and your settings to see the reason. Can you post?
Never stop investing. Never stop improving. Never stop doing something new
Quoting zoheb01
{quote} Thanks for this. I need to see a screenshot and your settings to see the reason. Can you post?
Ok....will upload it soon as possible. Thanks
Quoting zoheb01
{quote} Thanks vPriVate for releasing this. I was out this evening and going to do it tonight. In this video Alistair runs through 5 updates to v1.0. This version is more robust and we are now looking forward adding more trading strategies to the automated version. https://youtu.be/ECkp_-1o2ag {file} As always please share your feedback.
Hi,

Thanks a lot for the update. I am using it in Demo to check. Initially I found that in manual mode, only 1 trade is possible. I'm not able to place a buy and a sell or buy and sell stop / buy stop.
Quoting markslf
I got it to work again by removing the ea, restarting mt4 and then reattaching the ea but... It also gave another error after 3 x recovery trades, it didn't place any more, and left all 4 trades down. Also, why are the recovery trades doubling every time? Thanks
The reason it doubles is the recovery trade factor is set to a multiple of 2 by default.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB

For your error - Alistair is working on the current version which will address this
Never stop investing. Never stop improving. Never stop doing something new
Quoting TDV
U can try this indicator for entry, a simple multi tf Hull MA arrow by Mladen, it follow trend instead of reversal like MTF Rsi. {file}
Thanks for this!
Never stop investing. Never stop improving. Never stop doing something new
Quoting saslam
{quote} Hi, Thanks a lot for the update. I am using it in Demo to check. Initially I found that in manual mode, only 1 trade is possible. I'm not able to place a buy and a sell or buy and sell stop / buy stop.
That is is a bit strange. Alistair is working on the new version which hopefully will solve your issue.
Never stop investing. Never stop improving. Never stop doing something new
Very good EA. I have same logic in my EA to recover bad entries. I can suggest that distance can be set auto calculated depending on average daily range. Because 20pips for eurusd is ok, but for usdjpy is not.
Observer effect
Quoting ryuryu
Very good EA. I have same logic in my EA to recover bad entries. I can suggest that distance can be set auto calculated depending on average daily range. Because 20pips for eurusd is ok, but for usdjpy is not.
Thanks for the feedback. You can set the recovery box using the ATR with the correct period depending on TF which will be the same as the ADR
Never stop investing. Never stop improving. Never stop doing something new
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