How to implement this modified zone recovery algorithm?
-
I just came across the zone recovery algorithm. Seems like gambling, however, I would want to fine-tune it a bit TO MY OWN STYLE and backtest it before coming to conclusions.
So can anyone tell me how to write an EA that does the following:
I have to input the fx pair name, the buy lot, the TP, the SL, and the time of the trade daily.
Example:
I input/select EURUSD, 1 lot buy order, TP:25 pips, SL:-20 pips, and at 5 PM GMT
daily. The EA puts this trade on the market. If however my SL is hit then the EA
would open a 2 lot SELL order and the same TP and SL as my original buy trade.Now unlike the regular zone recovery algorithm that keeps opening new trades, If my SL is hit, this time there would be no new trades. So maximum of two trades per day on the EA.
-
@jaypapa123 Do you have any initial project to begin with?
-
Hi @JayPapa123 ! To do all this, the first thing is to create variables and / or constants so that you can enter that data from outside and then create the fxDreema structure of the algorithm or EA that you want to obtain, as the @l-andorrà hangs the project link and we can help you more.