Nyao Scalper is an automated scalping robot for MetaTrader 5 that utilizes a multi-factor weighted scoring system to identify trade opportunities. It evaluates trend alignment through EMA crossovers, momentum via RSI, and price action through wick rejection and candle body analysis. The EA manages risk with adaptive AT
Trading robot · MT4 · MT5
Forex Recovery Zone
This expert advisor for MetaTrader 4 and 5 implements a hedging recovery strategy to handle losing positions.
High risk
GitHub stars2
Forks1
Last update3 years ago15 Nov 2022
LicenceGPL-3.0
Overview
When an initial trade moves against the user, the robot enters a recovery zone, placing counter-orders with scaled lot sizes to achieve a collective exit at a profit or break-even point. The EA includes risk controls such as a maximum trade count, a predefined size multiplier array, and a time-based filter to restrict activity to specific market hours. It supports common forex pairs and features optional trailing stops and conservative stop loss settings.
- Hedging recovery zone logic
- Predefined lot size scaling array
- Time-filtered trading window
- Multi-symbol support for major forex pairs
- Optional trailing stop functionality
Details
Author
fsabiu on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)
Strategy
Hedging, Martingale
Markets
Forex
Timeframes
M15-H1
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Holds opposite positions at once
Input parameters
Read from RecoveryZone_everytick.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
size_multipler | double | 1 | Size multiplier |
slippage | int | 2 | |
max_trade_orders | int | 8 | |
tp_pips | int | 60 | |
reco_pips | int | 20 | |
period | int | 5 | Period (min) |
start_hour | int | 6 | |
end_hour | int | 16 | |
stop_if_loss | bool | false | |
conservative_stop | bool | false | Conservative SL |
trailing_stop | bool | false |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone fsabiu/Trading-ForexRecoveryZone from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.
- 3Copy the filesCopy the .mq4 / .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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