At the same time, the EA will open another pending order, at the same level with the first one and of the same kind, but with again a higher lot size. Some traders like to call this advanced zone recovery the area between the opposite trades shortly ALR EA. Eventually the price will break in either up or down direction and the basket will close when the profit reaches MinProfit - this is in dollars.
You have the option to set the MaxOrders to limit the total number of opened trades and also to instruct the EA to close all of the trades ForceCloseAtMaxOrders regardless of the profit can be negative. Check the picture below to understand how hedging works in forex trading.
The recovery zone is defined by the trader, as well as the numbers of hedging trades allowed Enter your Client Email - fill this with your email IF you are using a paid version of this EA on a LIVE account RecoveryZone - the number of pips from the opened trade where you want the hedge order to be placed; technically it is the height of the recovery zone TakeProfit has 2 functions: Normal take profit for the opened trades, if CloseTradesAtTakeProfit is set to true and the real profit is bigger than MinProfit The ratio between this and the RecoveryZone can be used to calculate the next recovery trade order lotsize UseHedgeMultiplier must be set to false.
Set it to 0 if you want to close all trades at a cumulative break-even; however, please mind that between closing the first trade and the last one, the price might move and the profit after close might be slightly higher or lower than the MinProfit CloseLosersAndSetBreakEven - close the losing trades and place the stop-loss of the winning trades at a distance defined by the trader see below DoNothing - self explanatory TrailingStop for CloseLosersAndSetBreakEven pips - if 2 is triggered above , this will be the trailing-stop for the remaining winners opened trades TrailingStep for CloseLosersAndSetBreakEven pips - if 2 is triggered above , this will be the trailing-step for the remaining winners opened trades.
By RobotFX No comments:.
Save my name, email, and website in this browser for the next time I comment. Forex Academy.
Shepherd Harmonic Pattern Indicator Review. Trade Copier Global Review.
Run Intelligence Trend Indicator Review. Please enter your comment!
Please enter your name here. You have entered an incorrect email address!
Zone Recovery Trading System EA Hey Guys, I am super happy to release today the OGT Zone Recovery EA v The Zone Recovery trading. Zone Recovery Area Metatrader 4 Forex Robot. The Zone Recovery Area Metatrader 4 Forex robot is an algorithmic currency trading software that utilizes the.
Popular Articles. Academy is a free news and research website, offering educational information to those who are interested in Forex trading.