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Thread: previous high low recovery zone EA

  1. #1
    Junior Member
    Join Date
    Sep 2013
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    3

    Default previous high low recovery zone EA

    Hello dear forumers,

    I'm a new member in this platform and want some help to code a methedology in forex trading using the recovery zone trading concept, I wonder how to code an expert advisor based on simple trading rules with this concept, I would like to adopt an EA that work by opening pending orders in specific areas (yesterday high and yesterday low) for example and operats as follows

    case 1 : the EA will place the pending orders at the opening of today's trading (0 hour ) without expiration dates.Buy stop at the high, stop loss at the low and the take profit at x pips from buystop/sellstop.

    case 2 : if the price hits the one of the stops, the EA will place another pending order in the same area (high and low) with double lot.


    case 3: if the price hits one of the take profit, end of the cycle, the EA will close the remaining pending order and wait until a new setup appear means until the new high and low.

    I had many EAs based on this methodology and cannot find that suit my need, please help me coding this EA, thank you in advance.

  2. #2
    Junior Member
    Join Date
    Sep 2013
    Posts
    3

    Default

    Quote Originally Posted by tahiri View Post
    Hello dear forumers,

    I'm a new member in this platform and want some help to code a methedology in forex trading using the recovery zone trading concept, I wonder how to code an expert advisor based on simple trading rules with this concept, I would like to adopt an EA that work by opening pending orders in specific areas (yesterday high and yesterday low) for example and operats as follows

    case 1 : the EA will place the pending orders at the opening of today's trading (0 hour ) without expiration dates.Buy stop at the high, stop loss at the low and the take profit at x pips from buystop/sellstop.

    case 2 : if the price hits the one of the stops, the EA will place another pending order in the same area (high and low) with double lot.


    case 3: if the price hits one of the take profit, end of the cycle, the EA will close the remaining pending order and wait until a new setup appear means until the new high and low.

    I had many EAs based on this methodology and cannot find that suit my need, please help me coding this EA, thank you in advance.
    finaley, I build my own trading system using the recovery zone methodology, this system is very risky but if you know how to define the recovery zone, it will make you consistent profit, I will share you the system sooner.

    Semi automated trading system
    Last edited by tahiri; 01-07-2020 at 07:58.

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