Expert Advisor Recoil

Buy Recoil Expert Advisor in the store selling algo trading systems

Trade Strat­e­gy:

The Trade Strat­e­gy is based on the fact that a roll­back comes after “a strong” move­ment. Indi­ca­tors are not used, only price is ana­lyzed. Input para­me­ters (eMove­ment, eRe­coil, eTake­Prof­it, eNext­Trade, eRiskMove) are spec­i­fied for 4‑digit quotes. If the Expert Advi­sor oper­ates on pair which has 3- or 5‑digit quotes, the Expert Advi­sor will mul­ti­ply that val­ues by 10 itself.

The Expert Advi­sor places pend­ing orders by aver­ag­ing the price if the move­ment is against us. You can lim­it how many times the vol­ume can be increased. The Expert Advi­sor ana­lyzes input para­me­ters and in case they con­tra­dict each oth­er, the Expert Advi­sor won’t be start­ed show­ing the cor­re­spond­ing mes­sage. Input para­me­ter eIs­Risk defines trade vol­ume of the Expert Advi­sor: 0 — fixed lot, 1–5 lot increas­es depend­ing on free mar­gin size (1–5 per­cents).

Recoil

The Expert Advi­sor show mes­sages in 5 lan­guages (EN-Eng­lish, RU-Russ­ian, DE-Ger­man, FR-French, ES-Span­ish). When trad­ing in the “Order exe­cu­tion by mar­ket” mode, Take Prof­it and Stop Loss are place for open posi­tions. The Expert Advi­sor can per­form deals either with one pair (eIsMulti=false), or with sev­er­al pairs (eIsMulti=true). In lat­ter case the input para­me­ters are loaded from a file.

File for­mat:

[EURCHF]
eCalcPeriod=24
eMovement=250
eRecoil=100
eTakeProfit=50
eNextTrade=50
eLot=0.1
eKolTrade=3
eKoeff=1.7
eSlippage=2
eViewLogs=0
eTimer=60
eIsRisk=5
eIsMod=0
eRefilling=3
eRiskMove=100
eRiskPeriod=20
eCheckMarginInit=1
eMaxOpenPosition=12
[XXXXXX]
eCalcPeriod=XX
........
eMaxOpenPosition=12

The file should be placed in the fold­er \\MQL5\Files\MultiBoot(Recoil.txt).

Recoil

File exam­ple:

[GBPUSD]
eCalcPeriod=24
eMovement=150
eRecoil=50
eTakeProfit=50
eNextTrade=30
eLot=0.1
eKolTrade=4
eKoeff=1.5
eSlippage=2
eViewLogs=1
eIsRisk=2
eIsMod=0
eRefilling=5
eRiskMove=75
eRiskPeriod=22
eCheckMoneyInit=1
eMaxOpenPosition=3
[EURUSD]
eCalcPeriod=108
eMovement=225
eRecoil=70
eTakeProfit=100
eNextTrade=60
eLot=0.2
eKolTrade=1
eKoeff=2
eSlippage=2
eViewLogs=1
eIsRisk=0
eIsMod=0
eRefilling=4
eRiskMove=75
eRiskPeriod=10
eCheckMoneyInit=1
eMaxOpenPosition=3

The Expert Advi­sor has flex­i­ble set­tings, so each trad­er can adjust it to their own work style. A good solu­tion for those who want to get a ready-made Expert Advi­sor for less mon­ey.

Input para­me­ters:

  • eLang — lan­guage of mes­sages (EN, RU, DE, FR, ES);
  • eIs­Mul­ti — false — reg­u­lar mode, true — mul­ti mode;
  • eCal­cPe­ri­od — peri­od for watch move­ment search;
  • eMove­ment — move­ment in points;
  • eRe­coil — roll­back in points;
  • eTake­Prof­it — prof­it in points;
  • eNext­Trade — num­ber of points before the next deal;
  • eLot — ini­tial lot;
  • eMag­ic — mag­ic num­ber;
  • eKolTradeIn­crease — deal, with which the vol­ume start to increase;
  • eKo­eff — lot increase rate;
  • eSlip­page — slip­page size;
  • eViewLogs — show log: 1 — Yes, 0 — No;
  • eTimer — num­ber of sec­onds for the timer to trig­ger if eIs­Mul­ti = true;
  • eIs­Risk — lot increase depend­ing on the free mar­gin size — (1–10) per­cent (can be frac­tion­al, e.g. 1.5%), 0 — do not increase;
  • eIs­Mod — use mod­i­fi­ca­tion: 1 — Yes, 0 — No (places prof­it accord­ing to frac­tal, which is below our posi­tion; it allows increas­ing the num­ber of prof­itable trades);
  • eRe­fill­ing — num­ber of lot increas­es after the first deal;
  • eRiskMove — big move­ment, after which it is bet­ter not to trade;
  • eRiskPe­ri­od — time to wait (0‑no fil­ter);
  • eCheck­MoneyInit — check whether you have enough mon­ey for a series of deals (at ini­tial­iza­tion of the EA);
  • eMax­Open­Po­si­tion — num­ber of posi­tions opened simul­ta­ne­ous­ly if eIs­Mul­ti = true;
  • eFile — file for load­ing the input para­me­ters if eIs­Mul­ti = true;

The Expert Advi­sor test results:

GBPUSD (“All ticks” mode)

Recoil hav­ing ini­tial deposit of $10000 earned $88739,71 on GBPUSD for the peri­od from 1‑st of Jan­u­ary 2012 to 18-th of Novem­ber, 2012. Prof­it Fac­tor is 39,27. Max­i­mum draw­down of bal­ance is 1,79%. Max­i­mum equi­ty draw­down is 18,88%.

EURUSD (“All ticks” mode)

Recoil hav­ing ini­tial deposit of $10000 earned $44067,32 on EURUSD for the peri­od from 1‑st of Jan­u­ary 2012 to 18-th of Novem­ber, 2012. Prof­it Fac­tor is 7,33. Max­i­mum draw­down of bal­ance is 11,49%. Max­i­mum equi­ty draw­down is 14,22%.

You can get the same infor­ma­tion if you down­load a demo-ver­sion of the Expert Advi­sor and test it.

The Expert Advi­sor default para­me­ters are set for GBPUSD.

Meta­Trad­er 4 ver­sion can be down­loaded from here: Recoil

Recoil 

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