Automating Trading Strategies in MQL5 (Part 3): The Zone Recovery RSI System for Dynamic Trade Management
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, 01-10-2025 at 07:04 AM (98 Views)
more...In the previous article (Part 2 of the series), we demonstrated how to transform the Kumo Breakout Strategy into a fully functional Expert Advisor (EA) using MetaQuotes Language 5 (MQL5). In this article (Part 3), we focus on the Zone Recovery RSI System, an advanced strategy designed to manage trades and recover from losses dynamically. This system combines the Relative Strength Index (RSI) to trigger entry signals with a Zone Recovery mechanism that places counter-trades when the market moves against the initial position. The goal is to mitigate drawdowns and improve overall profitability by adapting to market conditions.