STO Martin is a grid-based trading robot for MetaTrader 5 that uses technical indicators to manage entries and recoveries. It employs a Stochastic Oscillator for execution signals and a Moving Average to filter trades according to the prevailing trend. The EA features a martingale lot-scaling system that adds positions
Trading robot · MT4
Zone Recovery Advisor
This MetaTrader 4 expert advisor executes trades based on a combination of Exponential Moving Averages, MACD, and Heiken Ashi indicators.
High risk
GitHub stars1
Forks0
Last update10 years ago27 Jul 2016
LicenceNone stated
Overview
Zone Recovery Advisor features a zone recovery system designed to manage trades that move against the initial position by utilizing offsetting orders. Risk management is handled through configurable take profit levels, trailing stops, and slippage controls. The system allows for adjustment of target pips and recovery zone distances. The repository contains minimal documentation, focusing on the implementation of the core recovery logic and trend-following signals.
- Heiken Ashi and MACD trend filtering
- Integrated zone recovery mechanism
- Adjustable trailing stop and take profit
- Configurable initial lot sizing
Details
Author
izzoh on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Indicator crossover, Hedging, Martingale
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Holds opposite positions at once
EA files
Input parameters
Read from zone_recovery.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MagicNumber | int | 12345 | |
TargetProfitPips | int | 150 | |
CyclePips | int | 10 | |
RecoveryZone | int | 50 | |
size | double | 0.01 | |
Spillage | int | 3 | |
TakeProfit | double | 50 | |
Lots | double | 0.1 | |
TrailingStop | double | 30 | |
MACDOpenLevel | double | 3 | |
MACDCloseLevel | double | 2 | |
MATrendPeriod | double | 26 |
Show all 18 inputs
| Name | Type | Default | Description |
|---|---|---|---|
MagicNumber | int | 12345 | |
Slippage | int | 3 | |
TargetPips | int | 150 | |
CompensationPips | int | 10 | |
RecoveryZonePips | int | 50 | |
InitialSize | double | 0.01 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone izzoh/expert-advisor 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.
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