Smart Basket Recovery EA: Free MT5 Expert Advisor

Overview

Smart Basket Recovery EA initiates a series of orders at fixed intervals and manages them as a collective basket. The system utilizes dollar-based targets for profit-taking and loss prevention, including a maximum total loss limit and a recovery trigger. When the recovery state is active, the EA adds positions to mitigate drawdowns. It is designed for XAUUSD and includes features for spread filtering and execution delays. The README is missing.

Multi-state grid and recovery logic

Dollar-based basket profit and loss management

Configurable recovery lot and grid step settings

Spread filter and execution timing controls

Automated basket identification via magic number

Details

Author

nguyenvnhieu290302-gif on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Grid, Hedging

Markets

Gold

Timeframes

Any timeframe

Risk profile

Opens a grid of orders: exposure builds up in a trend
Holds opposite positions at once
Trades without a fixed stop loss

EA files

Source

github.com/nguyenvnhieu290302-gif/trading-landing

Input parameters

Read from SmartBasketRecoveryEA_v3_Optimized.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`LotSize`	`double`	`0.10`
`GridStep`	`double`	`0.50`
`InitialOrdersPerSide`	`int`	`5`
`TargetProfitPerOrder`	`double`	`5.0`	USD profit target per order
`TotalBasketProfit`	`double`	`20.0`	Total basket profit target (USD)
`MaxTotalLoss`	`double`	`-10.0`	Max total loss before close all (USD)
`RecoveryTrigger`	`double`	`-5.0`	Trigger recovery at this loss (USD)
`ReversalDistance`	`double`	`0.50`
`RecoveryLot`	`double`	`0.10`
`RecoveryGridStep`	`double`	`0.50`
`MaxRecoveryOrders`	`int`	`20`
`MaxSpreadPoints`	`int`	`500`

Show all 15 inputs

Name	Type	Default
`NewBasketDelaySeconds`	`int`	`3`
`MagicNumber`	`ulong`	`3692026`
`EnableLogging`	`bool`	`true`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone nguyenvnhieu290302-gif/trading-landing from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.

3Copy the filesCopy the .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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