Managed Re Entry After Stop
A stop-out is not always proof the underlying idea was wrong; sometimes the stop was simply tighter than the noise on the way to being right. This scans closed trade history for tickets matching a magic number that closed on their own stop-loss - not a manual close, not a take-profit - and, if the original direction still checks out against a plain moving- average trend filter, sends one reduced-size re-entry at the same stop and target distance (in points) as the original trade. The tool does not know the real strategy's entry logic - nothing in MQL4 exposes that to a separate program - so the "condition still holds" check is a documented generic proxy: is price still on the correct side of a configurable moving average. This is stated plainly rather than pretending to reconstruct the original signal exactly. The one-shot behaviour is the entire point, and it is enforced two ways. Every original stop-out ticket's number is recorded in a GlobalVariable the moment it has been evaluated, so it is never processed twice, even across an EA restart. And the re-entry order itself is tagged in its own order comment; if that re-entry later stops out too, the tag is recognised and the chain is stood down rather than re-entered again. Without both guards this degenerates into an unbounded martingale chase disguised as a single "second chance". Notes and limitations - The "original condition still holds" check is a generic trend-agreement proxy, not a reconstruction of whatever actually opened the original trade. On a choppy symbol this can approve or refuse a re-entry for reasons unrelated to the real original signal. - Only one re-entry is ever attempted per original stop-out, and a re-entry's own stop-out is never re-entered again, by design. - Trades that closed via manual intervention, take-profit, or any other reason besides touching their own recorded stop-loss are not treated as stop-outs and are never re-entered. - If AutoTrading is off at the moment a re-entry qualifies, the decision is deferred and retried on the next scan rather than abandoned outright - once trading resumes, a qualifying re-entry still fires as long as it has not aged past whatever trend condition it depends on.
Expert advisor · MT5 · v1.0 · Free
About Managed Re Entry After Stop
Managed Re Entry After Stop is an expert advisor (trading robot) for MetaTrader 5 based on Moving Average. It increases the lot size after a losing trade (martingale). It has 8 settings, such as Magic filter, Reentry risk multiplier and Trend filter ma period. MQL source code included.
Files in the download: ManagedReentryAfterStop.ex5, ManagedReentryAfterStop.mq5, ManagedReentryAfterStop.txt.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Magic filter | 12345 | Magic number of trades to watch and re-enter for |
| Reentry risk multiplier | 0.5 | Re-entry lot size as a fraction of the stopped-out trade's lot size |
| Trend filter ma period | 50 | Period of the simple MA used as the "original condition still holds" proxy |
| Trend filter ma method | MODE_SMA | Method for the trend filter MA |
| Reentry cooldown sec | 30 | Minimum seconds after the stop-out before the re-entry is sent |
| Scan interval sec | 15 | Seconds between history scans for newly closed tickets |
| Max retries | 5 | Attempts per order send before giving up |
| Retry wait ms | 500 | Pause between attempts, milliseconds |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Experts.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Trend · Martingale · Moving Average · MT5 Expert Advisor · MQL5 Source Code