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Zone Recovery Trading System EA

  • #181
  • May 5, 2021 11:28am May 5, 2021 11:28am
ME again

Just run a test where I set the TP at 10 and TP at 5 with specific manual Lot sizes. The EA didn't like it unfortunately and closed all trades when SL was hit. Is there a way where it is possible to have the SL smaller than the TP but still open trades at increased LOT sizes. Would be very effective for scalping with good money management.

Thank you.
  • #182
  • Edited May 7, 2021 1:51am May 6, 2021 4:47pm | Edited May 7, 2021 1:51am
Evening all,

Posted this earlier but took it down as I needed to change some things to make it more efficient. If you are using this EA its best to calculate what you could win or potentially lose if you input the incorrect LOT sizes. I hope this helps as I have seen some previously and had no clue how to work them. I think this one is simple if you follow the guidelines below:

1/ Input symbol, margin (1 lot) and commission (1Lot) from your brokers site into sheet 2.. Make sure it pastes into the exact same columns. If you have more pairs you will have to adjust the formula on sheet 1.

2/ You can change data in the yellow boxes. Change your LOT sizes to see how things can turn out

3/ Pip values are based off 1 LOT. So a 33pip win at 0.45 lots is equivalent to 15 1 lot pips

4/ If you are on a USD account and not trading a USD pair input the current price and work from the non USD calculations. May differ depending on brokers exchange rate.
Attached File(s)
File Type: xlsx Loss Recovery Calculator.xlsx   38 KB | 1,044 downloads
  • #183
  • May 8, 2021 10:29am May 8, 2021 10:29am
Does anyone has a recovery zone calculator/spreadsheet where you can check for different starting size, recovery zone in pips, take profit pips. It doesn't has to count in commissions or so.

My inputs would be

Starting Lot Size: 1
Recovery Zone in Pips = 25
TP = 5
  • #184
  • May 8, 2021 3:28pm May 8, 2021 3:28pm
Quoting lddd
Does anyone has a recovery zone calculator/spreadsheet where you can check for different starting size, recovery zone in pips, take profit pips. It doesn't has to count in commissions or so. My inputs would be Starting Lot Size: 1 Recovery Zone in Pips = 25 TP = 5
mine will do that. Change the yellow boxes that have 20/25 or 33/38 in. They are 5 pip difference as that is the zone recovery. Change it to 5/ 30 (25 difference) then adjust the lot sizes until you’re in profit.
  • #185
  • May 8, 2021 6:15pm May 8, 2021 6:15pm
That's a bad idea. 5 pip zone, 25 pips TP makes more sense.

Calculator Zone Recovery Calculator - Orchard Forex

Illustration (103) Zone Recovery Part 1 - YouTube
  • #186
  • Jun 18, 2021 7:14am Jun 18, 2021 7:14am
Dear Zoheb01 & AliStair,

Thank you very much for sharing such a useful EA and I appreciate your contributions.

I just realized that the commission of the order is not calculated in the TP. I looked at the codes and found the "tradeCost" variable which is "totalSpreadCosts+totalCommision". but the floating TP line actually ignores the order commission and only calculates the spread.

I noticed it at the first glance because I'm trading in Pro ECN account with very little spread but big commission. To make sure about that, I made several trades but the problem really exists.

Would you please look at through the codes and find the issue?

Kind Regards,
Pharrokh
  • #187
  • Jul 19, 2021 4:29am Jul 19, 2021 4:29am
Hey there. Do you know how to code in 30 manual entries instead of the 10 entries we have by default. I've tried to edit the source code with my extremely limited (if not dangerous) knowledge of coding. Although i can now see 30 entries in the input settings only 10 entries max will execute.
  • #188
  • Aug 15, 2021 4:05am Aug 15, 2021 4:05am
First thanks for the amazing post and will try the EA manual. I am actually using this system for 7 months but doing it manually and many times I overtrade. Still profitable but found myself tired all the time to chase the price. I trade only copper futures which are pretty volatile recently.

I usually trade on different platform than MT4 and just for this one I am running VPS. Any idea how sufficiently to replace this EA so I can use it on different platform (web, ipad etc.)? I assume is just some mind game to calculate very quickly the pips and open positions.
slow and steady
  • #189
  • Aug 16, 2021 4:25am Aug 16, 2021 4:25am
Quoting panaka09
First thanks for the amazing post and will try the EA manual. I am actually using this system for 7 months but doing it manually and many times I overtrade. Still profitable but found myself tired all the time to chase the price. I trade only copper futures which are pretty volatile recently. I usually trade on different platform than MT4 and just for this one I am running VPS. Any idea how sufficiently to replace this EA so I can use it on different platform (web, ipad etc.)? I assume is just some mind game to calculate very quickly the pips and...
May i know your account size, lots traded and zone size in pips?
  • #190
  • Edited 12:57am Aug 19, 2021 12:05am | Edited 12:57am
Quoting zarfanh
{quote} May i know your account size, lots traded and zone size in pips?
Right now I trade on demo with 11K only AUDCHF. This is the outcome so far. I created simple calculator where I can put my initial position and it gives me what and where opposite position should be placed.

Attached Image (click to enlarge)
Click to Enlarge Name: b557623f9d0d90ded2413ec2443e4d67.png Size: 33 KB





On live with CHF31K I trade only XCUUSD, but don't follow strict rules there and since January 2021 I had only one month in loss. The problem I encountered is with 1:100 leverage with this strategy I cannot make more than CHF400 without compromising my only rule not to load 15% of the account equity. I use oanda and they have this tool to show you how much your equity is loaded which is limiting my trades when the price starts ranging.
slow and steady
  • #191
  • Aug 19, 2021 1:47am Aug 19, 2021 1:47am
Quoting panaka09
{quote} Right now I trade on demo with 11K only AUDCHF. This is the outcome so far. I created simple calculator where I can put my initial position and it gives me what and where opposite position should be placed. {image} On live with CHF31K I trade only XCUUSD, but don't follow strict rules there and since January 2021 I had only one month in loss. The problem I encountered is with 1:100 leverage with this strategy I cannot make more than CHF400 without compromising my only rule not to load 15% of the account equity. I use oanda and they have...

Small update on the last position closed and opened.
Attached Image (click to enlarge)
Click to Enlarge Name: 4d8ced8a982e734ee06ec2475ddd8feb.png Size: 20 KB
slow and steady
  • #192
  • Aug 22, 2021 4:36am Aug 22, 2021 4:36am
Quoting panaka09
{quote} Small update on the last position closed and opened. {image}
Great journal panaka09 I've been thinking of doing the same. I will be keeping a close eye!
Never stop investing. Never stop improving. Never stop doing something new
  • #193
  • Aug 23, 2021 6:32am Aug 23, 2021 6:32am
Reminder.

Don't leave open trade during your sleeping hours if you trade this manually.
I had open long. While I was sleeping it hit the short hedge, and returned returned above the initial long without me being able to start another long. its demo so I had to close it with loss.
slow and steady
  • #194
  • Aug 25, 2021 8:43pm Aug 25, 2021 8:43pm
hello guys... i did some study on this EA and it was very good and this is what i found.

(1) The Zone Recovery will not trigger the buy /sell stop lower than 29 pips (error occured/popup)
(2) No trailing function (we should have this)
(3) If the price move very fast (in speed) especially on M1 TF the buy/sell stop not triggered

(correct me if im wrong)

Can someone help us on this... tq guys
  • #195
  • Aug 25, 2021 8:57pm Aug 25, 2021 8:57pm
check the MaxTrades value . example MaxTrades = 10
  • #196
  • Aug 31, 2021 4:16am Aug 31, 2021 4:16am
If I turn off use recovery take profit, it will still take profit. How can I fix this? Thanks
  • #197
  • Sep 8, 2021 6:32am Sep 8, 2021 6:32am
Guys, I started trading this system on live with small amounts and immediately noticed one strange problem. I precisely check my SL and TP to match long and shorts. so far three times my SL is hit and TP is not. this leaves me with running profitable trade which usually turns back and I have to close it manually with small loss. The pair is AUDCHF.

Any idea why is this happening?
slow and steady
  • #198
  • Sep 9, 2021 2:54am Sep 9, 2021 2:54am
Quoting panaka09
Guys, I started trading this system on live with small amounts and immediately noticed one strange problem. I precisely check my SL and TP to match long and shorts. so far three times my SL is hit and TP is not. this leaves me with running profitable trade which usually turns back and I have to close it manually with small loss. The pair is AUDCHF. Any idea why is this happening?
maybe cuz bid line has to hit the tp for buys and ask line for sell. what is shown on candles is the bid price. curious to know if we can close both entries with bid price reaching a level.
  • #199
  • Oct 3, 2021 10:08pm Oct 3, 2021 10:08pm
Hi there

can someone send the user quide for the OGT Zone recovery EA 1.5 ?

I keep getting the error: EA cannot find the recovery sell stop.... it keeps popping up
  • #200
  • Nov 3, 2021 3:21am Nov 3, 2021 3:21am
Hello, am new with the EA and I would like to ask some questions. Is there a default settings of the EA that can actually run it with no error or is there an optimized settings I can copy? What timeframe do we use with the EA? Which currency pairs best to trade with this EA? Thanks.
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