CAP Zone Recovery EA Pro - Review

CAP Zone Recovery EA Pro was published in December 2016 on the mql5 market. Mohammad Ali is the author and provides regular updates. The last update to version 7.0 was in March 2020.

Table of Contents

CAP Zone Recovery EA Pro Overview

CAP Zone Recovery EA Pro works on the MT4 platform. This EA’s basic idea is that traders can trade in any direction and still guarantee a profit. According to the developer this is due to the built in “back and forward” hedging mechanisms, along with the “Zone Recovery ” algorithm that the robot uses.

If the market moves upwards and reaches your take-profit level, the EA will close out the trade at the fixed profit. If the market moves in the wrong direction the algorithm will start hedging by placing an opposite order with multiple lots size.

If the direction of the trade changes, the process is repeated, creating a trading channel. If the EA reaches the take-profit level after the recovery action is initiated, it will close all trades to capture the combined profit. If the developer is right, the robot will profit in both scenarios.

Service Cost

It costs $30 USD to buy this product, or traders can rent it for $10 a month. The overall price is fairly cheap for a fully-functioning EA, as others are priced in the $100 range. The author also provides free demo accounts, which can effectively be used to test the robot’s profitability before making a commitment.

Cap Zone Recovery EA Pro Features

Available at a low price in the market.
Built-in automatic trading strategy that allows the EA to manage both manual and automatic trading. Comes with over 16+ automatic trading strategies to open your initial trade.
Offers Break Even and Trailing functionality that can work on both initial and hedge trades.
Can be used to trade on CFDs and Indices.
Offers customization capabilities for future use. A unique customization code is assigned that performs relevant customization functions when entered. Options are controlled by an external file.

Cap Zone Recovery EA Pro Settings

I N I T I A L T R A D E S E T T I N G ————————————————————————————————————————

Initial Trade Type Auto Trading
Initial Trade Direction Any Trade (Buy or Sell)
Pending Order Price Type Fix Price
Pending Order Price Value 0
Continuous Initial Trade true
Stop Open Initial Trade false
Reverse Signals (For Auto Trading) false
Max Spreads (For Auto Trading) (0 mean disabled) 0
Remove Hard TP/SL From Initial Trade false
Delete All Pending Order When Initial Trade Active true
Number of Loop Trade (0 mean disabled) 0

Initial Lots Type Fixed Lotsize
Initial Lots 01
XBalance 300
LotsizePerXBalance 01

TakeProfit Type For Initial In Points (Fix Distance)
TakeProfit For Initial (Points/Currency): 50

G R I D T R A D E S E T T I N G ————————————————————————————————————————

Active Grid Off
Number Of Grids Trade: 0- Mean Disabled 3
Grid GAP Type Fix Distance
Grid GAP (Points) 150
Custom Grid GAP (Points) 150;150;200;250
Grid Lots Type Multiple (Grid)
Grid Lots Multiplier 0
Custom Grid Lots 01;0.02;0.03;0.04;0.05;0.06;0.07;0.07;0.08
Don’t Open Grid Trade by EA false

H E D G E T R A D E S E T T I N G ————————————————————————————————————————

Active Hedge On
Hedge Order Type Pending Order
Hedge GAP Type Fix GAP
Fix Hedge GAP (In Points) 300
Custom Fix Hedge GAP (Points) 100;100;200;200;300;300;400;400;400;400

Number Of Candle (H/L) (For DynamicGAP) 6
Max Value In Points (For DynamicGAP) 1000
Minimum Value In Points (For DynamicGAP) 50
Max Hedge Trade 5

ATR Period (For Grid GAP) 14
ATR TF (For Grid GAP) current
ATR Calculation Type (For Grid GAP) None
ATR Calculation Value (For Grid GAP) 2
ATR Maximum GAP 1000
ATR Minimum GAP 50

Lot Type (For Hedge) Multiple
Multiple Lots (For Hedge) 0
Add Lots (For Hedge) 02
Custom Lots (For Hedge) 02;0.03;0.06;0.11;0.18;0.29;0.46;0.71;1.07;1.59;2.33;3.35
Multiple Custom Lots (For Hedge) 00;1.83;1.71;1.63;1.56;1.50;1.45;1.42;1.38;1.36;1.33;1.31;1.29;1.28;1.26;1.25;1.24;1.23;1.22;1.21;1.20;1.19;1.19;1.18;1.17;1.17;1.16;1.16;1.15;1.15;1.14;1.14;1.14;1.13

TakeProfit Type For Hedge In Points (Average)
TakeProfit For Hedge (Points/Currency) 50
TakeProfit Custom For Hedge (Points) 100;90;80;50;40;35;30;20;15;10;5;-10

N O N – H E D G E M O D E ————————————————————————————————————————

Active Non-Hedge Mode Auto
Add Current Lots With New Lots false

L O S S S E T T I N G ————————————————————————————————————————

Loss Taking Policy: What EA Do When [MaxHedgeOrder] Reach Close Trade By Trade
Fix StopLoss (In Points) 100
SetSLForError Place Fix Stoploss If Hedge Pending Order not pl false

B R E A K – E V E N S E T T I N G S ————————————————————————————————————————

Break Even On false
Break Start 100
Break Step 30
Disable BE When Trade In Hedge false

T R A I L I N G – S T O P S E T T I N G S ————————————————————————————————————————

Trailing On false
Trailing Stop 200
Trailing Step 100
Disable TR When Trade In Hedge false

O T H E R S S E T T I N G ————————————————————————————————————————

Profit & Loss Type In Dollar
Max Profit Value 0
Max Loss Value 0
Active Only When Hedge false

>>>>>>>>>> Trade Time <<<<<<<<<<

Stop Time Type Stop Initial Trade
Trade Group #1 true
Group #1 Time 00:00 – 23:40
Trade Group #2 false
Group #2 Time 08:00 – 17:30
Trade Group #3 false
Group #3 Time 16:00 – 24:00
Sunday Trade false
Monday Trade true
Tuesday Trade true
Wednesday Trade true
Thursday Trade true
Friday Trade true
Saturday Trade false
Check Market Close false

>>>>>>>>>> News Stop Filter <<<<<<<<<<

Enable News Filter false
GMT Mode (For News) Manual GMT
Manual GMT offset (For News) 0
Current Chart Currencies to Filter News true
Select Currency to Filter NewsUSD USD,EUR,GBP,CHF,CAD,AUD,NZD,JPY
LowNews false
Pause befor a low news (Min.) 280
Pause after a low news (Min.) 280
MediumNews false
Pause before a medium news (Min.) 280
Pause after a medium news (Min.) 280
HighNews false
Pause before a high news (Min.) 180
Pause after a high news (Min.) 180
CustomNews true
Put News Event (Saparate by semicolon(;) Interest Rate; Press Conference; Nonfarm Payrolls
Pause before a Custom news (Min.) 180
Pause after a Custom news (Min.) 180
Show News Line on Chart true

Conclusion

CAP Zone Recover EA Pro places trades based on the premise that the market will move either up or down, simply because it has to. The developer does use some language that could be misleading, such as “guaranteed”, the “Never Lose Again Strategy”, etc., so we were curious as to whether others claim that these statements are founded.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/20160