Zone Recovery Trading System EA | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

HYBRID: trading system within a trading system 31 replies

I Traded The Zone Recovery Trading System For 10 Days 29 replies

Trading Zone to Zone 27 replies

Trapping System: Way to Fully-Automated Trading System 47 replies

Attachments: Zone Recovery Trading System EA
Exit Attachments

Zone Recovery Trading System EA

  • #41
  • Oct 21, 2020 10:42am Oct 21, 2020 10:42am
Hey Guys,

The OGT Zone Recovery EA v1.2 is now available.

Alistair has been great in reading all the feedback in this latest release.

Alistair and I talk through the latest updates in this tutorial video below:

Inserted Video


As always, keep the feedback coming!

Attached File(s)
File Type: ex4 OGT Zone Recovery EA v1.2.ex4   51 KB | 1,620 downloads


Thanks,
Zoheb.
Never stop investing. Never stop improving. Never stop doing something new
  • #42
  • Oct 23, 2020 5:29pm Oct 23, 2020 5:29pm
Hello, been using this strategy for over a year n will be great to try the ea, how do I set my initial lot size to 0.01, I’m not seeing it in the settings

also can I have the cap zone recovery ea pro you used in your YouTube videos for testing, doing some research, thank you
  • #43
  • Oct 23, 2020 10:32pm Oct 23, 2020 10:32pm
https://www.forexfactory.com/thread/ https://www.forexfactory.com/thread/...ight-arrow.png https://www.forexfactory.com/thread/





Quoting Timberwolves
Hello, been using this strategy for over a year n will be great to try the ea, how do I set my initial lot size to 0.01, I’m not seeing it in the settings also can I have the cap zone recovery ea pro you used in your YouTube videos for testing, doing some research, thank you
You can change it here
Attached Image
  • #44
  • Oct 23, 2020 11:04pm Oct 23, 2020 11:04pm
https://www.forexfactory.com/thread/ https://www.forexfactory.com/thread/...ight-arrow.png https://www.forexfactory.com/thread/





Hi Zohe01, thank you for sharing EA, I have idea we can use PVA indi in PVSAR system for entry point, I think when had volume change, the price will fluctuate, we're easy to take profit with small pips (exp 20pips on GU). thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled1.png Size: 11 KB
  • #45
  • Oct 25, 2020 8:13am Oct 25, 2020 8:13am
Quoting Timberwolves
Hello, been using this strategy for over a year n will be great to try the ea, how do I set my initial lot size to 0.01, I’m not seeing it in the settings also can I have the cap zone recovery ea pro you used in your YouTube videos for testing, doing some research, thank you
Thanks for your comment. Flazz already responded how to change the lot size.

the CAP Zone Recovery is not my EA and is a paid EA on the MQL5 marketplace. If you search for it, it's the first one that comes up.
Never stop investing. Never stop improving. Never stop doing something new
  • #46
  • Oct 25, 2020 8:14am Oct 25, 2020 8:14am
Quoting Flazz
{image} {image} {image} Hi Zohe01, thank you for sharing EA, I have idea we can use PVA indi in PVSAR system for entry point, I think when had volume change, the price will fluctuate, we're easy to take profit with small pips (exp 20pips on GU). thank you! {image}
Thanks Flazz for this. I will defo check this out further.
Never stop investing. Never stop improving. Never stop doing something new
  • #47
  • Oct 25, 2020 8:25am Oct 25, 2020 8:25am
Thank you guys Flazz, zoheb01...keep up with the good work
  • #48
  • Oct 25, 2020 8:30am Oct 25, 2020 8:30am
Also zoheb01, can you make the MT5 version of that your EA? so as to be able to trade synthetic indices like volatility index 75, cos that’s the one I’ve been using the strategy on, but manually....Thank you
  • #49
  • Oct 25, 2020 9:26am Oct 25, 2020 9:26am
Hi Zoheb.

Might I make 2 suggestions

1) The recent update on point number 3, could you perhaps update it so that for example, If you select the maximum amount of recovery trades to be 10, after the 10th trade has been entered instead of having a hard stop of whatever the $ amount has been stipulated ,the EA will instead place a stop loss on the other end of the recovery zone for trade 10. Once the stop for trade 10 has been hit, the EA will then place a stop for trade 9. And this will go on until trade 1 or until some profit is realized .In this way instead of the the EA closing out all trades at $50 as a hard stop, it will only close the last trade and then the previous trade etc until you end up either in profit or small loss or all trades are closed one at a time. Gives you at least a fighting chance of recovering some of the losses.

2) Any way to stipulate the recovery zone trade size per trade entered? E.G For my first trade I would like to have the zone recovery trade to be x 3 but the second zone recovery trade should be x2 or x 1.5 whatever I want it to be. And so on for all trades entered.

Thank you and great work on this EA.
  • #50
  • Oct 26, 2020 6:27am Oct 26, 2020 6:27am
Quoting zoheb01
Hey Guys, The OGT Zone Recovery EA v1.2 is now available. Alistair has been great in reading all the feedback in this latest release. Alistair and I talk through the latest updates in this tutorial video below: https://youtu.be/uMyQxVzlWSg As always, keep the feedback coming! {file} Thanks, Zoheb.
The combination of this ea and london breakout strategy is very good... consistent win for the past week. Tp of 20 pips. Well done sir. Can we get this version for forex with the hard stop?
  • #51
  • Oct 26, 2020 8:15am Oct 26, 2020 8:15am
I strongly advise, specially newbies, to stay away from this type of recovery system because soon or later you will blow your account as you will be stuck in a ranging period because market mostly ranges.
It's an old idea that you can find here in several FF threads and on YouTube that little by little get abandoned because was too dangerous.
  • #52
  • Oct 26, 2020 8:56am Oct 26, 2020 8:56am
Quoting Merka
I strongly advise, specially newbies, to stay away from this type of recovery system because soon or later you will blow your account as you will be stuck in a ranging period because market mostly ranges. It's an old idea that you can find here in several FF threads and on YouTube that little by little get abandoned because was too dangerous.
Or at the very least back test properly and get your trade rules. Specifically back test times when you can see market was ranging, what was the damage? Can you exclude certain times eg Asian session or late US session, if you back test and restrict number of trades, have a hard stop. What happens during volatile news? Lots of things to consider.

You might then be able to develop some rules like:

- I will trade 10.00 to 18.00,
- initial first entry buy above 15 min 15 lwma only, initial sell below 15 min 15 lwma (you would need a further entry rule perhaps)
- max 5 trades (starting at 0.01 doubling trade size each time your net exposure on 5th trade will be 0.11 so you will have to have a lot of small winners to make up for 1 loser at 0.11)
- how will increasing the gap change number of trades
- how would a hard stop help

I would love to be proven wrong on this ea and I don't trade these kind of strategies but I suspect it will be a tough nut to crack. Generally from what I have seen they are brilliant - right until the time they are not ....................
  • #53
  • Oct 26, 2020 4:41pm Oct 26, 2020 4:41pm
Quoting Vantage
{quote} Or at the very least back test properly and get your trade rules. Specifically back test times when you can see market was ranging, what was the damage? Can you exclude certain times eg Asian session or late US session, if you back test and restrict number of trades, have a hard stop. What happens during volatile news? Lots of things to consider. You might then be able to develop some rules like: - I will trade 10.00 to 18.00, - initial first entry buy above 15 min 15 lwma only, initial sell below 15 min 15 lwma (you would need a further...
Exactly
That's why soon or later this kind of recovery has been abandoned in the past because it's necessary just 1 hit to kill you unless you have very big account.
I have seen all sorts of EAs about this idea and they all failed.
Yes, you can reduce max number of trades but after it will take ages to return in green.
On long run this recovery will kill your account
  • #54
  • Oct 26, 2020 5:52pm Oct 26, 2020 5:52pm
Quoting Merka
{quote} Exactly That's why soon or later this kind of recovery has been abandoned in the past because it's necessary just 1 hit to kill you unless you have very big account. I have seen all sorts of EAs about this idea and they all failed. Yes, you can reduce max number of trades but after it will take ages to return in green. On long run this recovery will kill your account
Merka, agree. No matter using recovery system, grid or martingale the account will be killed sooner or later!
  • #55
  • Edited 7:25am Oct 27, 2020 6:51am | Edited 7:25am
Quoting renkotop
...No matter using recovery system, grid or martingale the account will be killed sooner or later!
A few years ago I posted an Excel file with which it is possible to calculate the losses in advance ...

https://www.forexfactory.com/thread/...8#post10789008
Attached Image
Attached Image


Attached File(s)
File Type: xlsx Loss Recovery Calculator - Swingman.xlsx   45 KB | 1,481 downloads
Here an old (2016) EA from @Aharontzadik :
Attached File(s)
File Type: mq4 Zone_Recovery_Area.mq4   33 KB | 2,041 downloads
  • #56
  • Oct 27, 2020 1:35pm Oct 27, 2020 1:35pm
Quoting Timberwolves
Hello, been using this strategy for over a year n will be great to try the ea, how do I set my initial lot size to 0.01, I’m not seeing it in the settings also can I have the cap zone recovery ea pro you used in your YouTube videos for testing, doing some research, thank you
May i know with what factors u begin the entry with and your recommended account size to start with 0.01 lots with leverage? Thnx.
  • #57
  • Oct 27, 2020 1:54pm Oct 27, 2020 1:54pm
Quoting SwingMan
{quote} A few years ago I posted an Excel file with which it is possible to calculate the losses in advance ... https://www.forexfactory.com/thread/...8#post10789008 {image}{image} {file}Here an old (2016) EA from @Aharontzadik : {file}
Hello SwingMan, meaning at the end you will loose, right?
  • #58
  • Oct 27, 2020 5:40pm Oct 27, 2020 5:40pm
There are few problems here in such EAs (I have one too).
1. Since this is grid it is useless to use indicators for entry. So this can be or recovery, or just grid. If we are talking about recovery, then it must have at least floating loss/profit that will depend on position size. If about just a grid - this is 100% loss, just a matter of time.
2. Most forex accounts have a limit of 200 open orders. Guess what will happened to you? Yes, you will reach the limit very soon (even if you still have margin for endless averaging). And then price will go wrong way and you will be unable to open more and more positions...

This is not a claim about the topic and product, just my experience. May be we will find the solution to avoid losses. I think that first of all there must be dynamic profit reduce setting. Like if 1 lot = 1000$, then less. If 10 then set 100$ etc. Because the bigger the position the harder to close it in profit. Second one is how to manage limits? May be close oldest when opening new?

Anyway I wish everyone green days! Hope my post will help.
Observer effect
  • #59
  • Oct 27, 2020 6:36pm Oct 27, 2020 6:36pm
Quoting renkotop
...Hello SwingMan, meaning at the end you will loose, right?
For sure!

The problem lies partly in the rigid trading channel.
If one program correctly the formulas for lot calculation with Excel, one can calculate the number of levels and prepare the capital.
What remains is to bed daily so that the calculated limits are not exceeded ...

Recently I have perhaps found an alternative to Recovery in combination with Hedging (Is not it? Two terrible things ...). But I don't have the time to test the idea and maybe I'll only do it in 2-3 months.
  • #60
  • Oct 27, 2020 6:57pm Oct 27, 2020 6:57pm
Quoting SwingMan
{quote} For sure! The problem lies partly in the rigid trading channel. If one program correctly the formulas for lot calculation with Excel, one can calculate the number of levels and prepare the capital. What remains is to bed daily so that the calculated limits are not exceeded ... Recently I have perhaps found an alternative to Recovery in combination with Hedging (Is not it? Two terrible things ...). But I don't have the time to test the idea and maybe I'll only do it in 2-3 months.
hello, you as an indicator encoder and with your experience, could you tell me which would be the best broker to do analysis through indicators? I see many differences in the indicators that I use in different brokers thank you
1 trader viewing now