Zone Recovery RSI MT5 EA

Overview

The Zone Recovery RSI is an Expert Advisor for MetaTrader 5, designed to implement a zone recovery trading strategy triggered by RSI signals. Ideal for traders seeking to manage losses through hedged positions, it opens initial trades based on RSI (14) overbought/oversold conditions and recovers losses by placing opposite trades within defined price zones. Its strength lies in its sophisticated zone management and optional trailing stop, offering a powerful tool for risk-controlled trading.

Features

This Expert Advisor delivers a dynamic trading system. RSI Signals: Triggers a buy when RSI (14, PRICE_CLOSE) crosses below 30, or a sell when it crosses above 70, checked on new bars. Zone Recovery Strategy: Opens 0.1-lot trades (buy at Ask, sell at Bid) in a 30-point zone, placing opposite trades (multiplied by 2.0) if price hits zone boundaries (e.g., 30 points below for buys), targeting 60-point profit zones. Trade Management: Closes all positions when target zones are reached, resets strategy, and supports one position at a time initially. Trailing Stop: Optionally applies a 30-point trailing stop to the first position (min profit: 30 points). Robust Execution: Includes error handling for RSI buffer and trade operations, logs zone calculations, and releases indicators on deinitialization.

Benefits

The Zone Recovery RSI automates a disciplined recovery strategy, turning potential losses into profits by strategically hedging within zones. Its RSI-based entry ensures trades align with momentum shifts, while the trailing stop and zone targets enhance risk management, making it ideal for traders comfortable with hedging. The lightweight design ensures smooth performance. Supported by Allan Munene Mutiiria, this Expert Advisor offers a sophisticated, user-friendly solution for recovery trading.

Specifications

• Type: Digital software (Expert Advisor for MetaTrader 5)
• Platform: MetaTrader 5
• Language: MQL5
• Version: 1.00
• Developer: Allan Munene Mutiiria - https://t.me/Forex_Algo_Trader
• Link: https://youtube.com/@ForexAlgo-Trader
• Requirements: Active MetaTrader 5 platform, forex symbols
• Indicator: RSI (14, PRICE_CLOSE)
• Inputs: Initial lot size (0.1), zone size (30 points), target size (60 points), lot multiplier (2.0), apply trailing stop (true)
• Trade Settings: 0.1 lots (multiplied by 2.0 in recovery), 30-point zone, 60-point target, 30-point trailing stop
• Functionality: RSI-triggered zone recovery, hedged trades, trailing stop, position closure at targets
• Execution: New-bar signal check, tick-based zone management
• Output: Trade execution, debug logs (signals, zones, closures)