Multi-Zone Recovery RSI with Trail Stop

Overview

The Multi-Zone RSI Trail is an Expert Advisor for MetaTrader 5, designed to execute a multi-zone recovery strategy triggered by RSI signals with optional trailing stops. Ideal for traders seeking advanced risk management, it opens independent recovery baskets based on RSI (14) overbought/oversold conditions, hedging losses within 200-point zones and targeting 400-point profits. Its strength lies in its ability to manage multiple recovery zones simultaneously and flexible trailing stop, offering a sophisticated tool for dynamic trading.

Features

This Expert Advisor delivers a robust 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. Multi-Zone Recovery: Each signal creates a new recovery basket with 0.01-lot trades, defining a 200-point zone; places opposite trades (lot size doubled by 2.0) at zone boundaries, targeting 400-point profit zones. Trailing Stop: Optionally applies a 50-point trailing stop (min profit: 50 points) to initial positions. Position Management: Tracks multiple baskets via an array, closes positions at target zones or trailing stops, and resets baskets individually. Visual & Robust: Logs zone calculations and trade actions, validates RSI data, and releases indicators on deinitialization.

Benefits

The Multi-Zone RSI Trail automates complex recovery trading, allowing multiple hedged strategies to run concurrently for diversified risk. Its RSI-driven entries align with momentum, while trailing stops and zone targets optimize profits, making it ideal for experienced traders. The independent basket management enhances flexibility, and the lightweight design ensures smooth performance. Supported by Allan Munene Mutiiria, this Expert Advisor offers a powerful, scalable solution for zone 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, overbought: 70, oversold: 30)
• Inputs: Lot size (0.01), zone size (200 points), target size (400 points), lot multiplier (2.0), trailing stop (50 points), min profit (50 points), trailing stop enabled (false)
• Trade Settings: 0.01 lots (doubled in recovery), 200-point zone, 400-point targets, 50-point trailing stop
• Functionality: RSI-triggered multi-zone recovery, independent baskets, trailing stop, position closure at targets
• Execution: New-bar signal check, tick-based zone/trailing management
• Output: Trade execution, debug logs (zones, trades, trailing stops)