MeetAlgo Zone Recovery EA manages a losing trade with a “back-and-forth” hedging method known as the Zone Recovery algorithm. Instead of closing the trade at a Stop Loss, the EA opens opposite trades with larger lot sizes inside a fixed price zone and tries to close the whole group of trades at a combined profit.
How it works. You open a trade, manually or with one of the built-in entry strategies, and set a Take Profit. If price moves against you by the Recovery Gap, the EA opens an opposite trade with a larger lot size. If price turns again, the same step repeats. The result is a “trading channel” with an upper and a lower Take Profit level and a series of buy and sell trades inside it. When either Take Profit level is reached, all open trades of the cycle close together.
Example: you buy 0.01 lots with RecoveryGAP = 200 points and TakeProfit = 300 points. Instead of a Stop Loss, the EA places a pending sell stop order 200 points below your entry. Two scenarios are possible:
- Scenario 1: Price rises and hits your Take Profit before reaching the recovery level. The trade closes in profit.
- Scenario 2: Price falls to the recovery level. An opposite trade with a larger lot size opens, a new combined Take Profit is set for all trades, and the cycle continues until one Take Profit level is hit or your Loss Taking Policy closes the cycle.
Key Features
- Easy to set up and supervise.
- Build in Automatic trading strategy. EA can manage your manual but also you can set full automatic. EA come with more then 16+ automatic trading strategy to open your initial trade.
- Break Event and Trailing. Break event or Trailing can be work both initial trade and hedge trade.
- Can be work on CDF, INDEX or Brazilian stock marketÂ
- Customization capabilities for future. A unique customization code will be assigned that will perform the relevant customization functions once the code is entered. Options will be controlled by an external file.
Advantages:
- Recovery cycle inside a defined price zone with one combined Take Profit
- Initial trade with TP, Trailing Stop and Break Even functionality
- Hedging mechanism instead of Stop Loss
- Multiple lot sizing (more intelligent than simple martingale system)
- Intelligent lot sizing
How To Trade
No complicated rules, EA Just follow 5 simple steps!
- Step 1: Setup Initial Trade Type – Setup your initial trade type. how your first trade will be open.
- Step 2: Active/Disable Grid Setup – If your enable grid then your initial trade in Loss then EA try to make profit by grid trading. But still your trade in loss then EA active “Zone Recovery Strategy”, It is optional.
- Step 3: Configure your Recovery Trade Setting – If your initial trade + grid trade are not make profit, then EA activates the “Zone Recovery Strategy”, which tries to close the losing trade group at a combined profit
- Step 4: Non-Hedge ModeÂ
- Step 5: Configure Loss Taking Policy – If your initial trade + grid trade are not make profit, and also your “Zone Recovery Strategy” fail to make profit, then EA active Loss Trading Policy
Pay attention to:
- Select broker with best commissions and slippage
- Avoid ranging markets! Look for trending markets!
- Avoid off-hours or lower volatility sessions
- Choose initial lot sizing carefully! Avoid running out of free margin after some market turns!
