Person Information
MeetAlgo Zone Restoration Panel EA MT5 is a specialised model of our flagship product, Zone Restoration EA PRO. Whereas each EAs are constructed upon the highly effective Zone Restoration Algorithm, this model introduces a significant enhancement: the power to handle a number of guide trades individually on the identical image.
Key Definitions
The next is a listing of key definitions whose parameters are important when utilizing the Restoration Algorithm. You will need to perceive these key definitions as a result of they’re used all through this guide. To grasp the guide completely, you want to perceive the terminology first.
Preliminary Commerce: The primary commerce being initiated. Relying on the result of this commerce (Shedding or Worthwhile) it will likely be decided if the restoration algorithm shall be initiated.
Grid Commerce: Whether it is enabled and your preliminary commerce goes in loss, then the EA at first opens a number of grids to get well your loss; but when it fails, then EA prompts the restoration technique.
Preliminary Mode: Till EA opens restoration commerce, it’s known as preliminary mode.
Hedge Commerce: Restoration commerce and Hedge commerce are the identical. Hedge definition is when you’ve a BUY commerce and EA opens a SELL commerce that decision hedge.
Hedge Mode: When your first restoration commerce energetic then it’s known as restoration mode.
Cycle: Cycle imply all commerce Preliminary commerce + grid commerce + restoration commerce means one cycle.
🧩 Panel Settings – Enter Descriptions
- MultiMagicNumber (default: “2222;1111;5555”): This enter means that you can outline a listing of Magic Numbers that can seem within the panel’s Magic Quantity dropdown. You’ll be able to choose any of those Magic Numbers when inserting a commerce utilizing the panel. This helps you handle totally different methods or commerce units independently. A number of values ought to be separated by a semicolon ; — for instance: 2222;1111;5555 .
- ActiveMultiPair (default: Off): This selection allows or disables multi-pair buying and selling inside the panel. When set to On , the panel will can help you choose from a listing of various buying and selling pairs (outlined within the Pairs enter) and place trades on them — all from a single chart. When set to Off , the panel will solely work with the image the place the EA is connected.
- Pairs (default: “EURUSD;GBPUSD;AUDUSD;USDCAD;USDCHF;EURGBP”): A semicolon-separated listing of symbols (forex pairs or devices) that the panel can be utilized to commerce when ActiveMultiPair is turned on. These symbols will seem in a dropdown contained in the panel. Be certain that the symbols can be found in your market watch. Instance format: EURUSD;GBPUSD;AUDUSD .
- X_PanelPosition / Y_PanelPosition (default: 10 / 20): These inputs management the on-screen place of the panel. X_PanelPosition determines the horizontal offset, and Y_PanelPosition units the vertical offset from the top-left nook of the chart window. You’ll be able to alter these values to forestall the panel from overlapping chart content material or indicators.
- TradeComment (default: “MeetAlgo_ZonePanel”): The EA will apply this remark to each commerce it opens through the panel. You should use this to establish or filter trades later primarily based on the remark. It is helpful for monitoring panel trades in your commerce historical past or for exterior instruments that depend on commerce feedback.
- RecoveryReconizeNumber (default: 2244): It is a distinctive identifier utilized by the EA to acknowledge and handle trades that have been opened via the panel. The EA provides this quantity as a prefix or a part of the Magic Quantity when inserting trades. It’s used internally to make sure that solely trades initiated by the EA are managed with the restoration logic. Be certain that to assign a singular quantity if you happen to use a number of copies of the EA on totally different charts or accounts.
How To Commerce
No difficult guidelines, EA Simply observe 4 easy steps!
Step 1: Setup Preliminary Commerce Sort
Setup your preliminary commerce sort. how your first commerce shall be open.
Step 2: Lively/Disable Grid Setup (Optionally available)
In case your allow grid then your preliminary commerce in Loss then EA attempt to make revenue by grid buying and selling. However nonetheless your commerce in loss then EA energetic “Zone Restoration Technique”.
Step 3: Configure your Restoration Commerce Setting
In case your preliminary commerce + grid commerce aren’t make revenue, then EA energetic “Zone Restoration Technique” flip your shedding commerce into revenue
Step 4: Non-Hedge Mode (Optionally available)
You’ll be able to energetic Non-Hedge mode or not. In Non-Hedge mode has some profit.
Step 5: Configure Loss Taking Coverage
In case your preliminary commerce + grid commerce aren’t make revenue, and likewise your “Zone Restoration Technique” fail to make revenue, then EA energetic Loss Buying and selling Coverage.
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Writer
Mohammad Ali, technical analyst and speculator, software program engineer and founding father of MEETALGO LLC.
