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