Recruitment of participants SPFX Recovery Zone EA (Source Code MQ5)

SPFX Recovery Zone EA (Source Code MQ5)



Minimum Deposit: The SPFX Recovery Zone EA can be used with a minimum deposit of $500.
Timeframes: The EA is optimized for two different timeframes:
1-minute (M1)
5-minute (M5)
Currency Pairs: While the EA works well with various currency pairs, it is recommended to avoid XAUUSD (Gold) for this strategy.

The SPFX Recovery Zone EA follows a dynamic strategy that combines hedging techniques without relying on currency pair correlations or triangular arbitrage. Let’s break down the strategy:

Zone Recovery Approach:
The EA operates in both manual and automatic modes, allowing traders flexibility in their execution.
It uses an averaging technique based on a targeted take profit line.
Traders can tailor the behavior of the EA to their risk preferences, choosing whether to continue trading after a profit or stop immediately after a loss.

Entry Signals:
Buy (Long):
Triggered when the following conditions are met:
The price reaches a predefined recovery zone below the initial entry point.
The EA opens a buy position, anticipating a price reversal.
Sell (Short):
Triggered when the following conditions are met:
The price reaches a predefined recovery zone above the initial entry point.
The EA opens a sell position, expecting a price reversal.

Source Code MQ5