PZ Stop And Reverse EA MT4

This EA recovers losing trades using a sequential and controlled martingale: it places consecutive trades with increasing lot sizes until the initial trade is recovered, plus a small profit. It offers a complete hassle-free trading framework, from managing initial trades to recovery. Please note that the EA implements a martingale, which means that it takes balance losses that are recovered later.

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Features

• Easy to use and supervise
  
• Trade easily using chart buttons
  
• Controlled and pre-calculated risk exposure
• Implements many automated entry strategies
• It is able to trade using custom indicators
• All orders are placed with a stop-loss
• Trades micro accounts from $1,000
• Filter trading by forex sessions
• NFA/FIFO compliant

How to get started

1. Load the EA to any chart and timeframe
2. Edit the settings until the risk is acceptable
3. Start a trade using the chart buttons or...
4. Enable an entry strategy from inputs
5. Let the EA handle the trade and book a profit
6. Repeat!

Usage Tips

• Load the EA and trade using the buy or sell buttons
• Never force a buy and sell at the same time. Take one initial trade per symbol
• If the buy/sell buttons are not displayed, it means the EA is busy
• The EA can trade many symbols independently at the same time
• But be careful: never, ever, load the EA twice on the same symbol
• There is no need to set a different Magic Number to trade different symbols
• Trade from a VPS or leave your trading computer turned on 24/5
• Try to never unload the EA to assure the atomicity of the martingale
• You can change the martingale behavior on the fly at any time
• If possible, trade from a fixed spread account
  

The purpose of this EA is not to be profitable by itself, but to avoid preventable losses within the limits of the account free margin.

Technical Information

• The automated entries of the EA are evaluated at bar closing
• The EA uses pending orders, connection lag should not be an issue
  
• The EA won't trade live if there is risk of a margin call with current settings
• However, the EA will trade in the tester with any settings, regardless of risk
• The EA trades a manual lot size: the tester won't reflect compounding profits
• The session filters are implemented in GMT time and only apply to automated entries
• The EA will have just one open trade at any given time, and one pending order
  
  

Input Parameters

• Lotsize: Lot size of the initial trade.
• Break-even: Profit in pips at which the EA moves the stop-loss above/below the open price for the first trade.
  
• Break-even Behavior: Upon breakeven, the SL can be moved to the open price, or secure part of the profits.
  
• Trailing Stop: Trailing stop expressed as % of current trade profit.
  
• Trailing Step: Minimum increase in pips for the trailing stop.
  
• Take Profit: Take-profit for the first trade.
  
• Entry Strategy: The EA implements a some automated entry strategies to facilitate backtesting. Options are: CCI, ADX, RSI, Bollinger Bands, AC, AO, Alligator, MACD, PSAR, RVI, Stochastic, Heiken Ashi, Turtle Trading, Breakouts, Buy Constantly and Sell Constantly.
• Trades: Max amount of trades to place during the recovery process.
  
• Zone: Distance in pips between the current order and the next order in the martingale.
  
• Trade Asian Session: Enable auto-trading during asian session.
  
• Trade European Session: Enable auto-trading during europe session.
• Trade American Session: Enable auto-trading during american session.
• Magic Number: The EA uses the magic number to identify its trades.
  
• Custom Comment: Enter your custom comment for all trades here.
  
  

Support and questions

Use the helpdesk for questions or timely support. Write an email to: help [at] pointzero-trading.com.

Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.