Reco System - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
It is a recovery system implemented in EA. But you can copy it to any other EA.
The system makes a buy (the first order, but you can set another rule for it) and if the price goes up, the order is closed.
If the price falls, the EA opens a sell position at a distance from the bid price. If the price does not take away the overall profit and rises, the EA opens a buy position at the ask price + distance*multiplier, and so on.
Distance, lot size, and profit all have multiplier settings.
The user can increase or decrease the distance, lot size and total profit depending on the quantity of the opened order.
Attachment download
📎 reco.mq4 (7.68 KB)
Source: MQL5 #15447
Reco System - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resource Usage and Screening Suggestions
Reco System - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 resources belong to MT4 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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