GPS Forex Robot trades major pairs with a reversal based strategy and a recovery mode. Here is how that works in code and where to get source to study it.
The strategy in code terms
A reversal EA looks for points where price is likely to turn, then enters against the recent move. A recovery mode adds logic to manage trades that go the wrong way. The risky part in code is always the recovery block, so that is what you want to read first.
What to study in the source
- The reversal signal (indicator or price condition).
- How the recovery mode sizes and manages extra trades.
- Any maximum exposure cap.
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Our free source code library and premium source codes include editable MQL4/MQL5 EAs you can open and study in MetaEditor. Start with our guides.