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Kyra Nickaline Watson-gordon  
Kyra Nickaline Watson-gordon #:

Thanks for your suggestion.

I am working more than 10 years on recovery methods. Your explained strategy is not effective. I already tested this method.

.
Kyra Nickaline Watson-gordon  
abusadek #:

Hi Kyra

New question, In the instance of a reversal, does the Extend Zone Hight (in points) need to be less than the TP of the original EA in order for LR2 to erase its TP?  For example the default distance set is 10pips in LR2, however if the original EA has a TP of say 7pips does the extend distance need to be less, for example 6pips?


Hi,

This depends on other parameters such as volume settings, start distance, Recovery TP settings, Swaps, ....

The EA removes the existing TP/SL of the losing trade immediately after recovery starts. So the TP/SL of original trade is not a problem.

abusadek  
Kyra Nickaline Watson-gordon #:

Hi,

This depends on other parameters such as volume settings, start distance, Recovery TP settings, Swaps, ....

The EA removes the existing TP/SL of the losing trade immediately after recovery starts. So the TP/SL of original trade is not a problem.

Would this be the case if the EA hides the TP and SL?

Kyra Nickaline Watson-gordon  
abusadek #:

Would this be the case if the EA hides the TP and SL?

The control of other EAs on the opened position must be stopped. The EA is powered by closing other charts option. So you can enable to close and stop other EAs when recovery starts.

Correcttrader FONT  

Hi,

Could you explain the update please?

Thanks.

'Updated for Smarter Actions'

Kyra Nickaline Watson-gordon  
Correcttrader FONT #:

Hi,

Could you explain the update please?

Thanks.

'Updated for Smarter Actions'

This is on some specific situations reported by users. Not for all actions.
Axhmd Almxhmwdy  
Product is absolute rubbish. Good thing I only rented it. Although it's settings are easy - somewhat - the developer confuses alot of experienced algo traders by using the word balance.. Is it account balance or is it account equity? Trial and error is necessary here. Furthermore the main big big problem with this ea is it will stack trades in hopes of recovery but guess what happens next? You now have trades that are larger in lot size that are killing your account even more... The ea does nothing to circumvent this...there isn't even an option for max trades it opens. It can open a million... And now you have running trades in loss... You literally just kissed your account goodbye. Extremely badly thought out and hasn't even been updated in a long time. The developer is also very difficult to deal with... A simple question and he literally almost curses you with his bad attitude.
Kyra Nickaline Watson-gordon  
Axhmd Almxhmwdy #:
Product is absolute rubbish. Good thing I only rented it. Although it's settings are easy - somewhat - the developer confuses alot of experienced algo traders by using the word balance.. Is it account balance or is it account equity? Trial and error is necessary here. Furthermore the main big big problem with this ea is it will stack trades in hopes of recovery but guess what happens next? You now have trades that are larger in lot size that are killing your account even more... The ea does nothing to circumvent this...there isn't even an option for max trades it opens. It can open a million... And now you have running trades in loss... You literally just kissed your account goodbye. Extremely badly thought out and hasn't even been updated in a long time. The developer is also very difficult to deal with... A simple question and he literally almost curses you with his bad attitude.
This was a very funny comment. He criticized the recovery zone method. A method that has been used by professional traders for many years. I tried very hard in private chat to teach him how to set the robot correctly, but he insisted on his ignorance. For example, he set the zone height to $8 for gold. A number that every beginner trader knows can destroy an account in a matter of seconds.
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