Recovery Zone Trading System: Free MT4 Expert Advisor

Overview

Recovery Zone Trading System offers a wide array of entry signals, including RSI, MACD, Bollinger Bands, and mean-reversion models. When initial trades move into a loss, the system employs an averaging recovery strategy with lot multiplication to attempt a collective exit at a profit. Risk management features include fixed or risk-based lot sizing, break-even settings, trailing stops, and a configurable maximum number of trades to prevent excessive exposure.

Over 20 selectable technical entry strategies

Averaging recovery mechanism with lot scaling

Integrated break-even and trailing stop functions

Advanced lot sizing including Kelly Criterion and Optimal F

Adjustable maximum trade limits for risk control

Details

Author

jqmcrvlh on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Multi-strategy, Mean reversion, Indicator crossover, Martingale

Markets

Any symbol

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast

EA files

JADC-MULTITEST-v1-BETA.mq4

Source

github.com/jqmcrvlh/Recovery-Zone---Trading-System-

Input parameters

Read from JADC-MULTITEST-v1-BETA.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Input_DataOrders`	`string`	`======= ORDER MANAGEMENT =======`
`SelectTrade`	`Trade_Volume`	`Fixed_Lot`	Select Type of Trade
`InitialLotSize`	`double`	`0.01`	Initial Lot Size (Only for "FIXED LOT" selected)
`RiskPercent`	`double`	`2.00`	% Risk Account - Lot Size (Only for "% OF RISK" selected)
`MagicNumber`	`int`	`19710818`	Magic Number
`Slippage`	`int`	`100`	Slippage Max (Points).
`Input_Strategy`	`string`	`======= SELECT TRADING STRATEGY =======`
`DirectionTrade`	`EA_Direction`	`Buy_Sell`	Select Direction of Orders
`EA_Mode`	`EA_Setting`	`SPECIALONE1`	Select Trading System
`MovFactor`	`MAFactor`	`A`	Select the factor (Works only in Moving Average Systems - MA)
`BreakEven`	`TrueFalse`	`YES`	Use Break Even
`TraillingStop`	`TrueFalse`	`YES`	Use Break Even + Trailling Stop

Show all 40 inputs

Name	Type	Default	Description
`KickToBreak`	`UtilitySelectPips`	`Zone15`	Pips to Start Break Even
`KickToTrailStop`	`UtilitySelectPips`	`Zone15`	Pips to Start Trailling
`Input_TakeProfit`	`string`	`======= ZONE PROFIT SETTINGS =======`
`TakeProfit`	`UtilitySelectPips`	`Zone20`	Take Profit
`SelectTypeLoss`	`Type_Loss`	`Fixed_PiP`	Select Kind of Loss
`StpLoss`	`UtilitySelectPips`	`Zone20`	Only for "FIXED PIPs"
`VolPeriods`	`PeriodVolat`	`PeriodVolat20`	Only for "ATR" of "SD"
`Input_ZoneRecover`	`string`	`======= AVERAGING RECOVERY SETTINGS =======`
`UseAveraging`	`TrueFalse`	`YES`	Use Averaging Strategy
`FactorIcrement`	`TrueFalse`	`NO`	Use Factor to Increment Recovery Zone Size
`RecoveryTakeProfit`	`UtilitySelectPips`	`Zone10`	Recovery Take Profit.
`RecoveryZoneSize`	`UtilitySelectPips`	`Zone50`	Recovery Zone Size(+ Stop Loss)
`LotMultiplier`	`LotsMultiplic`	`Increment20`	Multiplier for Lots
`MaxTrades`	`MaxNumTrades`	`Trades10`	Max Number of Trades (Unlimited Is a High Risk Option)
`SetMaxLoss`	`TrueFalse`	`NO`	Max Loss after Max Trades reached?
`MaxLoss`	`double`	`0`	Max Loss after Max Trades (0 for unlimted) in deposit currency.
`Input_Time`	`string`	`======= SELECT TIME OPTIONS =======`
`TradeADay`	`TrueFalse`	`NO`	Trade Once A Day?
`UseLocalTime`	`TrueFalse`	`NO`	Use Local Time?
`UseTimer`	`TrueFalse`	`NO`	Use a Trade Timer?
`StartHour`	`int`	`0`	Start Hour - Trade Timer
`StartMinute`	`int`	`0`	Start Minute - Trade Timer
`EndHour`	`int`	`0`	End Hour - Trade Timer
`EndMinute`	`int`	`0`	End Minute - Trade Timer
`Input_Visual`	`string`	`======= SELECT VISUAL OPTIONS =======`
`profitLineColor`	`color`	`clrBlueViolet`	Profit
`breakEventLineColor`	`color`	`clrBrown`	Break Even
`Input_General`	`string`	`======= SELECT EA GENERAL OPTIONS =======`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone jqmcrvlh/Recovery-Zone---Trading-System- from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.

3Copy the filesCopy the .mq4 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.

Similar expert advisors

Mansour Bot

by MShokry

This MetaTrader 4 expert advisor executes automated trades on the forex market by combining signals from various technical indicators. The logic incorporates Average Directional Index analysis across multiple timeframes, alongside Ichimoku and Stochastic oscillators. Users can configure lot sizing, take profit, and sto

MT4 Trading robot Indicator crossoverMulti-strategyMartingale High risk

Updated 7 years ago None stated GitHub

Monkey Attack Gold Pivot EA

by Monkeyattack

This MetaTrader 4 expert advisor focuses on Gold trading using institutional pivot point levels and fractal-based support and resistance zones. The robot filters entries through a combination of RSI, MACD, and moving average alignment, supplemented by a trade quality scoring system. It includes comprehensive risk contr

MT4 Trading robot Mean reversionIndicator crossoverMartingale High risk

Updated 1 year ago None stated GitHub

North East Way

by Yogurt-Peng

This MetaTrader 4 robot implements a multi-currency mean-reversion strategy, targeting price returns to the average on correlated forex pairs. It manages trades using a grid system with a significant martingale multiplier to scale lot sizes. The expert advisor allows for simultaneous trading on multiple symbols to dive

MT4 Trading robot Mean reversionGridMartingale High risk

Updated 1 year ago None stated GitHub

Edelweiss EA

by Attornado

Edelweiss EA is an educational trading robot for MetaTrader 4 that utilizes a multi-indicator framework to generate buy and sell signals. It combines exponential moving averages, stochastic oscillators, the awesome oscillator, ADX, and Bollinger Bands to identify market entries. Trade management includes dynamic ATR-ba

MT4 Trading robot Indicator crossoverMean reversionTrend following

Updated 11 months ago MIT GitHub

Puer Tigris

by PuerTigris

Puer Tigris is a MetaTrader 4 expert advisor that implements multiple entry strategies, primarily focusing on Bollinger Bands mean reversion. It features a martingale lot scaling system where position sizes are multiplied after a trade is closed, with a configurable limit on the number of recovery levels. The robot use

MT4 Trading robot MartingaleMean reversionIndicator crossover High risk

Updated 4 months ago None stated GitHub

Axuusd Gold Advisor

by damozycodes

This expert advisor is designed specifically for trading gold on the MetaTrader 4 platform. It employs a hybrid strategy approach, allowing users to toggle between trend following using moving average crossovers, mean reversion via RSI and Stochastic divergence, and breakout patterns. Trade management includes automate

MT4 Trading robot Trend followingMean reversionBreakout High risk

Updated 8 months ago None stated GitHub