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REGISTER PARTICIPANTS Expert Pz Stop And Reverse Ea Mt4 Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 6, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #pzstopandreverseeamt4

    pz-stop-and-reverse-ea-mt4-logo-200x200-1763.png

    This EA recovers losing trades using a sequential and controlled martingale: it places consecutive trades with increasing lot sizes until
    the initial trade is recovered, plus a small profit. It offers a complete hassle-free trading framework, from managing initial trades to
    recovery. Please note that the EA implements a martingale, which means that it takes balance losses that are recovered later.

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    Products< ]

    Features

    • Easy to use and supervise
    • Trade easily using chart buttons
    • Controlled and pre-calculated risk exposure
    • Implements many automated entry strategies
    • It is able to trade using custom indicators
    • All orders are placed with a stop-loss
    • Trades micro accounts from $1,000
    • Filter trading by forex sessions
    • NFA/FIFO compliant
    How to get started

    • Load the EA to any chart and timeframe
    • Edit the settings until the risk is acceptable
    • Start a trade using the chart buttons or...
    • Enable an entry strategy from inputs
    • Let the EA handle the trade and book a profit
    • Repeat!
    The recovery will fail in a minority of cases. If it fails, it incurrs into a calculated loss.

    Usage Tips

    • Load the EA and trade using the buy or sell buttons
    • Never force a buy and sell at the same time. Take one initial trade per symbol
    • If the buy/sell buttons are not displayed, it means the EA is busy
    • The EA can trade many symbols independently at the same time
    • But be careful: never, ever, load the EA twice on the same symbol
    • There is no need to set a different Magic Number to trade different symbols
    • Trade from a VPS or leave your trading computer turned on 24/5
    • Try to never unload the EA to assure the atomicity of the martingale
    • You can change the martingale behavior on the fly at any time
    • If possible, trade from a fixed spread account
    The purpose of this EA is not to be profitable by itself, but to avoid preventable losses within the limits of the account free margin.

    Technical Information

    • The automated entries of the EA are evaluated at bar closing
    • The EA uses pending orders, connection lag should not be an issue
    • The EA won't trade live if there is risk of a margin call with current settings
    • However, the EA will trade in the tester with any settings, regardless of risk
    • The EA trades a manual lot size: the tester won't reflect compounding profits
    • The session filters are implemented in GMT time and only apply to automated entries
    • The EA will have just one open trade at any given time, and one pending order
    Input Parameters

    • Lotsize: Lot size of the initial trade.
    • Break-even: Profit in pips at which the EA moves the stop-loss above/below the open price for the first trade.
    • Break-even Behavior: Upon breakeven, the SL can be moved to the open price, or secure part of the profits.
    • Trailing Stop: Trailing stop expressed as % of current trade profit.
    • Trailing Step: Minimum increase in pips for the trailing stop.
    • Take Profit: Take-profit for the first trade.
    • Entry Strategy: The EA implements a some automated entry strategies to facilitate backtesting. Options are: CCI,
      ADX, RSI, Bollinger Bands, AC, AO, Alligator, MACD, PSAR, RVI, Stochastic, Heiken Ashi, Turtle Trading, Breakouts, Buy Constantly
      and Sell Constantly.
    • Trades: Max amount of trades to place during the recovery process.
    • Zone: Distance in pips between the current order and the next order in the martingale.
    • Trade Asian Session: Enable auto-trading during asian session.
    • Trade European Session: Enable auto-trading during europe session.
    • Trade American Session: Enable auto-trading during american session.
    • Magic Number: The EA uses the magic number to identify its trades.
    • Custom Comment: Enter your custom comment for all trades here.
    Support and questions

    Use the helpdesk for questions or timely support. Write an email to: help [at] pointzero-trading.com.

    AuthorArturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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