Zone Recovery Area Metatrader 4 Forex Robot

The Zone Recovery Area Metatrader 4 Forex robot is an algorithmic currency trading software that utilizes the zone recovery hedging strategy in taking market entries while also managing such positions.

The logic behind this expert advisor is the use of an advanced hedging system that entails the opening of a position in the opposite direction with a slightly bigger lot size when the market goes against the previously entered trade.

The algorithm that backs the Zone Recovery Area forex robot can continue this back and forth hedging strategy (thereby opening new counter positions) for 6 iterations until the price gets to a level that can yield profit or break even.

Free Download

Download the “ZONE RECOVERY AREA.mq4” MT4 robot

Strategy Tester Report

Find below the Zone Recovery Area forex robot strategy tester report for the EUR/USD forex pair on the daily chart.

Overall Performance

The EA made a total profit of $1913.05 from a total of 147 trades. The largest winning trade generated $631.89 in profits, while the largest losing trade generated a loss of-$401.87.

Statistics:

Bars in test: 2536 ticks modelled

Initial deposit: $50000.00

Total net profit: $10692.70

Total trades: 147

Largest profit trade: $631.89

Largest loss trade: -$401.87

Consecutive wins: 2

Consecutive losses: 1

Download

Download the “ZONE RECOVERY AREA.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: Take Profit(in pips), Zone_Recovery_Area(in pips), str5, Fast moving average(in pips), str6, Slow moving average(in pips), MAGICNUMBER

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Zone Recovery

Installation

Copy and paste the ZONE RECOVERY AREA.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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