Hey fellow traders! Today, let’s dive into the Reco System, an innovative recovery strategy designed for MetaTrader 4. This Expert Advisor (EA) isn’t just limited to MT4; you can seamlessly integrate it into other EAs too!
The Reco System kicks off with a buy order (you can tweak the initial setup if you want). If the price moves up, it automatically closes that order for a profit. But what happens if the price takes a dip? No worries! The EA will open a sell order at a predefined distance from the buy price.
If the market doesn’t hit your overall profit target and begins to rise again, the EA will place another buy order at the sell price plus a distance that’s multiplied by your chosen factor. This cycle continues, allowing you to adapt to market movements.
What’s great about the Reco System is that you can easily adjust the distance, lot size, and overall profit based on how many orders you have open. It gives you the flexibility to tailor your trading strategy to fit your style.
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