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REGISTER PARTICIPANTS Expert Recoilmt4 Mt4

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

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  1. James Goldman

    James Goldman Moderator
    Staff Member Organizer

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    #recoilmt4

    recoilmt4-logo-200x200-9077.png

    Trade Strategy:

    The Trade Strategy is based on the fact that a rollback comes after
    "a strong" movement. Indicators are not used, only price is analyzed.
    Input parameters (eMovement, eRecoil, eTakeProfit, eNextTrade,
    eRiskMove) are specified for 4-digit quotes. If the Expert Advisor
    operates on pair which has 3- or 5-digit quotes, the Expert Advisor will
    multiply that values by 10 itself.

    The Expert Advisor places pending orders by averaging the price if
    the movement is against us. You can limit how many times the volume can
    be increased. The Expert Advisor analyzes input parameters and in case
    they contradict each other, the Expert Advisor won't be started showing
    the corresponding message. Input parameter eIsRisk defines trade volume
    of the Expert Advisor: 0 - fixed lot, 1-5 lot increases depending on
    free margin size (1-5 percents).

    The Expert Advisor show messages in 2 languages (EN-English, RU-Russian). The Expert Advisor has flexible settings, what allows every trader adjusting it to its own trade style. A good solution for those, who needs a ready-made EA for a reasonable price.

    Input parameters:

    • eLang - language of messages (EN, RU);
    • eCalcPeriod - period for watch movement search;
    • eMovement - movement in points;
    • eRecoil - rollback in points;
    • eTakeProfit - profit in points;
    • eNextTrade - number of points before the next deal;
    • eLot - initial lot;
    • eMagic - magic number;
    • eKolTradeIncrease - deal, with which the volume start to increase;
    • eKoeff - lot increase rate;
    • eSlippage - slippage size;
    • eViewLogs - show log: 1 - Yes, 0 - No;
    • eTimer - number of seconds for the timer to trigger if eIsMulti = true;
    • eIsRisk - lot increase depending on the free margin size - (1-10) percent (can be fractional, e.g. 1.5%), 0 - do not increase;
    • eIsMod - use modification: 1 - Yes, 0 - No (places profit
      according to fractal, which is below our position; it allows increasing
      the number of profitable trades);
    • eRefilling - number of lot increases after the first deal;
    • eRiskMove - big movement, after which it is better not to trade;
    • eRiskPeriod - time to wait (0-no filter).
    You can download MetaTrader version here: <a target="_blank" You are not allowed to view links. Register or Login

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