Over the years I’ve developed and worked on many different MT4 baesed products. During that time I have mastered MQL4/5 programming language and became a better trader. In most cases I’ve shared everything for free with the FOREX comunity. Just google for “coensio” or go to MT4 code base and you will find me there
= Coensio’s Recovery EA (Beta) =
Hedging comes with a high (martingale like) risk of losing your capital!
This trading system uses a smart back-and-forth hedging mechanism, that is continuously opening new positions according to the recent market movements. Each time a new position is opened, system tries to estimate a new Lot size, which is required to breakeven or to profit at the original TakeProfit, but ALSO at the original StopLoss level. This results in a group of open positions that eventually will always turn into a profit, when the market will go in either direction up or down. All trades are automatically closed when the overall profit reaches the pre-defined ForceTakeProfit level or pre-defined TakeProfit or StopLoss level. PipProfitOffset setting ensures that all new recovery trades are targeting slightly lower TakeProfit levels (w.r.t. the first open position). This results in slightly larger Lot sizes, than Lot sizes required to reach a breakeven condition. This additional offset allows to compensate for small losses, that are caused by spreads, slippages, swaps and commissions. See a trade recovery example below:
The system is profitable as long there is sufficient level of FreeMargin to be able to open new trade positions. To illustrate the possibilities of this recovery system the EA is programmed to trade using semi-random market entries. Each time the previous trade is closed, EA opens immediately a new trade in the direction that is dictated by the previous candle. Below the result of last 7 years of random trading (EURUSD, TF=H4, Leverage:1:500, 99% tick data modelling quality).
This system not only survived last 7 years of RANDOM trading, but also made some profit! Of course it is not the intention to trade randomly, the random test presented above is just shown as proof, that this trading technique (when setup properly), is able to recover in any market condition. To find out more about this unique trading system read the manual and get free version of the MT4 EA: