Recovery Manager Pro MT5

I am so disappointed I bought this EA. Recovery uses a Martingale and if you trading something very volatile like XAUUSD, you will crash your account if the market goes against the Martingale. Luckily, I tried this EA on a Demo trading XAUUSD and was shocked that letting this EA takeover at a 5% drawdown resulting in my account crashing!

I purchased this Recovery EA about a week ago and have been putting it to the test. It has recovered several losing trades. It is very easy to use as most of the settings and functions are automatic. All of the hard work has been done for you. There are just a few settings that you should consider configuring that are relevant to the volatility of what you are trading, your account size, and at what percentage of drawdown you want the EA to take over trades and start the recovery process. But even these settings are not difficult to figure out and could probably be left at default and it would still succeed, that is how robust this thing is. If you message her, the author will give you the indicator that the EA uses to find it's direction. I suggest that you have the indicator on the chart with the EA so that you can see what the EA sees and understand why it's doing what it does. I would highly recommend this EA if you want a guardian watching over your account at all times! When the other EA's that you are using fail, or you mess up trading manually, this Recovery EA gives you a second chance and is very effective.

Its ok. Can be better but author doesn't seem to want to improve the EA. Improvements I suggested:

- Backtesting can be improved a lot by adding backtest settings to the EA (Backtest Yes/No, Lot Size for backtest, Time of placing backtest order). This way people can quickly find the best performing settings for their symbols through a complete optimization instead of manually opening backtest orders through a panel and hoping to find the best settings for the ea.. Very time consuming..

- The EA is now only managing one side (either a BUY or SELL) for the recovery positions. I think it would better to listen to the indicator and let it open a BUY when it signals and there are already SELL positions and vice versa. Or at least add a setting in the EA for people to choose what they want.

- The drawdown calculation in % is wrong. In my case it's 10% off if I use my available equity against my balance. Probably because it doesn't take the credit amount into count.

I have tried the EA for recovering trades on XAUUSD M1. This is one of the best EAs for trade recovery. Many thanks to the Author.

I've been using dises EA for several months. I am very satisfied with the function and setting options. EA has already successfully saved multiple positions (closed/turned everithing in profit). If you have this EA, you have a feeling of certain safety that if something goes in wrong direction with mnual or other EAs trading, you have a rescue anchor. Of course, each trader individually choose most personally suitable way of trading in general and settings for working EAs (incl. Recovery Manager). EA Recovery Manager works very stable (no errors or interruptions of funktions/work notices). Developer always answers all questions detailed and quickly. Many thanks to Developer for such a qualitative and helpful product.

After trying the EA for recovering losing trades, I can confirm that this is the ultimate EA for trade recovery. No matter which EA you use for automated trading, if it reaches the preset loss percentage, this EA will automatically recover the trades until they can all be closed. If you want to see its results, you can check my Myfxbook, where I use it alongside Network Double to trade BTCUSD and XAUUSD. https://www.myfxbook.com/portfolio/naynum/11444447

I had bad experiences with this EA, in different accounts, last account that use was to recover $200 and i lost $6.5K, i cant say that is bad, but need to be use it carefully.

My favorite EA in the store. Used it many times to get me out of bad bot trades. Simple to use. Recovers small losses quickly, large losses take some time which is understandable given the hard task recovery has to do.

Have been using for several months - Probably the most valuable EA in my toolbox :) - With sensible application EA has recovered a very high percentage of undesirable positions. Ianina is also active on improving EA. Highly recommended.

Recovered a 60% drawdown to zero with having small profits. I suggest having an automatic restore settings (restores other EAs) as it will remove all other EAs if reaches the set drawdown to gain full automation. Also to fix panel while backtesting. Overall performance as per advertise!!! Very recommended product.

successfully recovered 5 losing trades. excellent product

using since long time , excellent product . Please add start on amount by $