AW Recovery EA
- Experten
- Alexander Nechaev
- Version: 2.40
- Aktualisiert: 6 Mai 2021
- Aktivierungen: 15
The Expert Advisor is a system designed to restore unprofitable positions.
Simple setup, delayed launch in case of drawdown, locking, disabling other Expert Advisors, averaging with trend filtering and partial closing of a losing position are built into one instrument.
The system of automatic calculations will allow you to prepare settings in a few clicks. The use of closing losses in parts allows you to reduce losses with a smaller load of the deposit, which ensures safer work with losses, in contrast to grid strategies that close orders only in whole groups.
Advisor Instructions -> HERE / MT5 version -> HERE
Advantages:
- Suitable for processing both a small number of orders and large grids of unprofitable orders
- Simple configuration system with powerful functionality
- It can be used to recover losses from individual EAs, and automatically start recovery when a certain loss is reached
- Restoring a losing position in parts for a smaller deposit load
- Advanced trend filtering algorithm
- Powerful combination of locking and partial closing of losses
- Large number of built-in protective functions
How to trade with an advisor:
Step 1: Adjust pitch and volumes
Adjust the volume of the first averaging orderSet up step for averaging orders
Customize the relationship between averaging and closing and their volumes
Step 2: configure additional features
Select the period for the trend filter (If applicable)Select a multiplier for averaging orders
Select Take Profit to close parts of a losing position with a specified profit
Step 3: Disable other advisors
Disable other EAs working with these ordersOr let AW Recovery turn off these advisors yourself
Or work without locking
Important information! Test your drawdown before launching, you can do this using the "Visualization" mode in the strategy tester. The EA will open orders only if there is an open unprofitable position for recovery.
When starting the strategy tester, the EA will open a random order for subsequent recovery.
Input settings:
- Type of the launch - Variable defining the type of launch of the advisor
- Drawdown in money to start - The amount of drawdown in money after which the advisor will start recovery
- First ticket for recovery (0-not used) - The ticket of the order that will be processed in the first place
- Work with selected MagicNumber - Restore orders of the selected magic number
- Magic for recovery (if used) - Magic number for a losing position
- Disable another EAs at launch - Module for disabling other advisors
- Use locking - Enable automatic locking
- Allowed types of average orders - Allowed types of averaging orders that the EA will open
- Trend filtering for average orders - This variable adjusts the advisor's trend filters
- Volume of average order - Size of averaging orders
- Multiplier to volume - multiplier for restoring orders
- Step for average - Step between averaging orders. Variable that regulates the minimum step between restoring orders
- Multiplier to step - Multiplier for the step of restoring orders.
- Part to close from a loss-making position - The part of the loss that will be closed from orders of each type when the position is partially closed.
- TakeProfit in money for partial close - TP in money for the current group of orders. The profit from restoring orders is used, as well as the loss, which is part of the "Part to close from a loss-making position" lots from each type of order from a losing position
- Maximum slippage in points - The maximum allowable slippage in points for opening and closing orders
- Maximum volume of average order - The maximum volume for one averaging order
- Maximum number of average orders - The maximum allowable number of averaging orders of the same type
- MagicNumber of average orders (Should be unique) - The main identifier for the averaging orders of the EA
- Font size - the size of the font on the panel
Technical support
Use the helpdesk for questions or support. Write to our AW Trading team at support@aw-trading.com
Kontakt
This is a beautiful EA. I think everyone fears blowing accounts, and this EA is a very good strategy *if started soon enough* to recover a bad batch of trades. I have just started using this recently and intend to post a second review once I have seen its actual performance on live. I can tell you per my backtesting and work so far it is marvelous. I would recommend this to anyone who does not want to blow an account and uses martingale or otherwise does not rely on stop loss.
There are a few things I wish the EA did differently. Perhaps there is a reason it is like this and maybe it would not make any improvements to change them, but my recommendations are as follows.
First. On starting I wish the EA would close any profitable trades PLUS any losing trades that were small enough to be covered by the profits of the winning trade. For instance if you have trades that are +30, +7, -1, -5- 10 -20 -30 -50 -60 I wish it would close the +30, +7, -1, -5- 10 -20 trades straight away so it only had to hedge the -30 -50 -60. I know it works the way it is, but it seems like this would be logical.
Second it may be beneficial to add an option for "Drawdown in money to start" to work in percentage. For instance start at 25% drawdown.
Last and I think this is fairly minor, but if it had the option to set the "Part to close from a loss-making position" to a percentage of average losing trade I think that would simplify things. If we went this route I would change "volume of average order" to a multiplier of the part to close. This would work dynamically so that as the trades are closed out the average size of those trades will change. So if the average size of your losing trades was .25 you could set the part to close to a multiplier of .2 so it would close .05 of a trade. Then the volume of the average order would also be based on a multiplier such as 2 which would open a .1 lot averaging trade to close 20% of the average sized trade. As the positions closed and the average size of them changes the multipliers would continue to update this.
That is just my thoughts, it is marvelous the way it is now, I do not want to take away from that. This EA is a game changer for me and I am very thankful to have found it. These recommendations would make it work more logically for the way I think, but it may not seem logical to other folks.
Update. After using Recovery for several weeks I am still very impressed with it. I would still like to see the EA close profitable trades before hedging. One thing I encourage everyone who uses this EA to do is to read the developers documentation several times. It took me quite a bit to really understand how the Averaging orders work, if you are uncertain start small. Very small. In all I will say I ended up using a larger distance than the documentation would indicate, but larger lot sizes. Do realize you will create additional drawdown with averaging orders, so do not wait until it is almost account blown to activate recovery, you need a healthy amount of equity to work through the recovery process.
I don't say this lightly, but seriously if you use martingale EAs you will eventually need this EA or one like it. It is a very good product.