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Loss recovery EA that can close many opened trades
Oct 20, 2015 at 07:30
5,254 Views
17 Replies
forex_trader_25447
Member Since Dec 21, 2010
127 posts
Oct 20, 2015 at 17:43
I have something similar. This is SCRIPT.
It calculate the Break Even price for BUY and SELL separately and simultaneously,
and show these prices with lines.
If Modify is TRUE, and current Bid/Ask price is Above/Below shown levels for Buy/Sell,
to all orders is set StopLoss (total result from all orders must be positive).
If Modify is FALSE , only lines are drawn , no modifications.
If price continue in your direction,
You have to start script again to get better StopLoss.
... keep in mind : program work only once , when started;
... It is NOT working , while done !!!
It calculate the Break Even price for BUY and SELL separately and simultaneously,
and show these prices with lines.
If Modify is TRUE, and current Bid/Ask price is Above/Below shown levels for Buy/Sell,
to all orders is set StopLoss (total result from all orders must be positive).
If Modify is FALSE , only lines are drawn , no modifications.
If price continue in your direction,
You have to start script again to get better StopLoss.
... keep in mind : program work only once , when started;
... It is NOT working , while done !!!
forex_trader_249603
Member Since May 13, 2015
81 posts
Oct 21, 2015 at 09:51
Yes, their is such an EA.
For demonstration purposes, lets assume you buy 0.01 lots of EURUSD at 1.12500. If the trade goes into negative right away, the recovery mechanism kicks in.
A sell order of 0.02 lots will be placed at 1.12000, aming to exit both trades at 1.11500 plus your take-profit.
A protective buy stop order of 0.03 lots will be placed at 1.12500, aming to exit at 1.13000 plus your take-profit.
If the buy order is executed, a sell stop order of 0.05 lots will be placed again at 1.12000 aiming to exit all trades at 1.11500 plus your take-profit.
This process will repeat with increasing but NOT exponential lotsizes until an exit point is found or until the maximum amount of trades is placed. If the EA has placed the maximum amount of trades, it will start to accept partial losses until the deal is closed.
For demonstration purposes, lets assume you buy 0.01 lots of EURUSD at 1.12500. If the trade goes into negative right away, the recovery mechanism kicks in.
A sell order of 0.02 lots will be placed at 1.12000, aming to exit both trades at 1.11500 plus your take-profit.
A protective buy stop order of 0.03 lots will be placed at 1.12500, aming to exit at 1.13000 plus your take-profit.
If the buy order is executed, a sell stop order of 0.05 lots will be placed again at 1.12000 aiming to exit all trades at 1.11500 plus your take-profit.
This process will repeat with increasing but NOT exponential lotsizes until an exit point is found or until the maximum amount of trades is placed. If the EA has placed the maximum amount of trades, it will start to accept partial losses until the deal is closed.
forex_trader_249603
Member Since May 13, 2015
81 posts
Oct 21, 2015 at 12:59
AH! Sorry, I thought you were looking for a loss recovery EA...
EA's which close trades in profits can be found on the MQL community or have a look at forexfactory. This definitely exist for many years.
EA's which close trades in profits can be found on the MQL community or have a look at forexfactory. This definitely exist for many years.
Member Since Nov 21, 2011
1601 posts
Oct 21, 2015 at 16:06
HalleyFX posted:
Yes, their is such an EA.
For demonstration purposes, lets assume you buy 0.01 lots of EURUSD at 1.12500. If the trade goes into negative right away, the recovery mechanism kicks in.
A sell order of 0.02 lots will be placed at 1.12000, aming to exit both trades at 1.11500 plus your take-profit.
A protective buy stop order of 0.03 lots will be placed at 1.12500, aming to exit at 1.13000 plus your take-profit.
If the buy order is executed, a sell stop order of 0.05 lots will be placed again at 1.12000 aiming to exit all trades at 1.11500 plus your take-profit.
This process will repeat with increasing but NOT exponential lotsizes until an exit point is found or until the maximum amount of trades is placed. If the EA has placed the maximum amount of trades, it will start to accept partial losses until the deal is closed.
Interesting way of trading...
Member Since Oct 26, 2015
32 posts
Oct 29, 2015 at 11:01
I can recommend a programmer for you I met from Twitter if you like.
Take Challenges Head On
Member Since Feb 22, 2011
4573 posts
Oct 29, 2015 at 11:46
Sunnyday posted:
Let say I have 10+ loosing trades opened in one chart, and I want to close them all in profit.
Are there any recovery EA that can close many trades?
Closing them one by one or all at once doesn't matter.
Do yo uneed to close all positions when the overall sum is profit
OR do you need to close all positions when each of them is profitable?
Oct 30, 2015 at 04:25
togr posted:Sunnyday posted:
Let say I have 10+ loosing trades opened in one chart, and I want to close them all in profit.
Are there any recovery EA that can close many trades?
Closing them one by one or all at once doesn't matter.
Do yo uneed to close all positions when the overall sum is profit
OR do you need to close all positions when each of them is profitable?
sum is profit is okey, because I use grid ea and want to close before the weekend.
Member Since Feb 22, 2011
4573 posts
Oct 30, 2015 at 06:54
Search for equity sentry ea
Oct 30, 2015 at 08:29
togr posted:
Search for equity sentry ea
this one? https://www.ea-coder.com/equity-sentry-free-mt4-ea/
Sorry but where does it says it can close out loosing trades in profit?
Member Since Feb 22, 2011
4573 posts
Oct 30, 2015 at 10:07
Equity money profit, set it to requested amount, be it 1 cent
Member Since Jul 01, 2011
41 posts
Oct 30, 2015 at 10:26
http://www.pointzero-trading.com/Products/view/PZSafetyNetEA
Costs 300USD. I believe it starts hedging the losing trade with martingale, trying to come out as a winner. Will only work if the original position is not too big in lotsize. Use at own risk...as with all martingale. Personally I would not use it.
Costs 300USD. I believe it starts hedging the losing trade with martingale, trying to come out as a winner. Will only work if the original position is not too big in lotsize. Use at own risk...as with all martingale. Personally I would not use it.
forex_trader_249603
Member Since May 13, 2015
81 posts
Nov 01, 2015 at 07:07
https://www.mql5.com/en/market/product/7562
Loss Recovery Trader
This robot attempts to recover losing trades.
Place a trade and once it moves in unfavorable direction, the Zone Recovery algorithm is initiated.
An alternating series of Buy and Sell trades at two specific places will be taking place, with two Exit Points above and beyond for each of the two trades.
Once either of the two exit point are met, all trades are closed with a combined profit or approximately breakeven.
$199, this EA has very good reviews
Loss Recovery Trader
This robot attempts to recover losing trades.
Place a trade and once it moves in unfavorable direction, the Zone Recovery algorithm is initiated.
An alternating series of Buy and Sell trades at two specific places will be taking place, with two Exit Points above and beyond for each of the two trades.
Once either of the two exit point are met, all trades are closed with a combined profit or approximately breakeven.
$199, this EA has very good reviews
forex_trader_249603
Member Since May 13, 2015
81 posts
Nov 01, 2015 at 07:15
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