• Overview
  • Reviews (17)
  • Comments (196)
  • What's new

Loss Recovery Trader Premium

Premium version of the Loss Recovery Trader EA with a significant number of additions.


Additional Features

1) Open trades using Trend Extreme Strategy
  • entry_trend_score: Enter a value between 0 to 100. This value determines how strong the Trend score should be at least in order for a trade to be placed.
  • entry_extreme_score: Enter a value between -100 to 0. This value determines how strong the Extreme score should be at least in order for a trade to be placed. Negative value is to be placed.
  • Seek confirmation (true/false): Setting this to 'true' will imply the EA will look for two consecutive candles to the trend direction prior to opening the trade.
  • counter_trend_trades: Setting this to 'true' implies sell trade will open when a symbol is overbought and buy trade when a symbol is oversold irrespective of the Trend Score.
  • minpipmove: Minimum pip move in one direction the symbol needs to make in order for trades to initiate.
  • trend_timframe: Select, which timeframe the Trend Score will be calculated at.
  • extreme_timframe: Select, which timeframe the Extreme Score will be calculated at.
  • confirmation_candles_timframe: Select, which timeframe the seek confirmation candles will be calculated at.
  • rerun_minutes: This is how often in minutes the Expert Advisor will recalculate the Trend/Extreme scores.

2) Open trades using Double Trader Strategy

  • MagicBuy: Magic number to be used for buy trades.
  • MagicSell: Magic number to be used for sell trades.

Use a separate magic number for the above two and also to be different from the other magic number used by the EA.

  • Second_Trade_TP: Once the first trade has been closed, you can have the second trade close with a different take profit (smaller) as you want to avoid recovery and your first trade already closed at a profit.
  • Use_Extreme_Filter: Optional feature to prevent the initialization of this placing trades using this strategy when the market is found to be in extreme conditions (oversold/overbought).
  • Extreme_Limit: Enter as a value from 0 to 100 how extreme (oversold/overbought) the market should be to prevent new trades.
  • DTrader_extreme_timframe: Timeframe, under which the Extreme score is calculated.

3) Multi currency risk management

These limits once breached will prevent opening new first trades when using the EA in several pairs.

  • Max Pairs: Maximum different symbols to have active trades.
  • Max Trades For Single Currency: Max number of active trades in a single symbol.
  • Max Exposure For Single Currency: Max number of net lots active in a single symbol.
  • Max Floating Loss: Biggest negative floating loss (enter value in negative).

4) Two-stage recovery region

Change the recovery zone region used after a given number of trades. The purpose of this is to force a recovery to finish by reducing the region or increase the region to decrease the lots risk in the event recovery was not achieved yet.

  • Change_trade_no: Number of trades, after which the recovery region is changed.
  • newRecoveryZoneRangePips: New recovery zone range that gets applied.
  • newRecoveryZoneExitPips: New recovery zone exit pips that get applied.

5) Amount-based profit trailing during recovery

A trailing stop based on floating profits is applied. It can be used to avoid having a recovery that is in profit reversing against you and opening more trades.

  • profit_trailing_trade_start: Number of trades, after which the trailing profit can be used.
  • profit_trailing_amount_start: Once this profit amount is reached, the trailing option gets triggered.
  • profit_trailing_amount_step: Once the max profit amount made drops by that much, trades will close.

6) Advanced backtest statistics and reporting

  • Generates reports and displays advanced backtest statistics showing performance and the trade distribution. Use the trade distribution to optimize reducing the expected number of trades rather than just return and drawdown.

7) Customization capabilities for future

A unique customization code will be assigned that will perform the relevant customization functions once the code is entered. Options will be controlled by an external file.

zooz888
883
2017.11.08 19:07 
 

Great tool to recover losing trades and to increase the profit potential.

You can build and customize your own strategies and EA's that work in conjunction

with the LRT and let it take care of the rest.

Excellent service and great response time, Five Stars.

Jenny Gay Dimafiles
134
2017.09.27 12:01 
 

I have been demo-testing this for 7 days and I already have 30%+ profit. The product is AWESOME and the support from Mike is SUPERB! He is really very accommodating.

a_sane3
183
2017.09.25 16:05 
 

best ea ever very gooooood support

Markus Goss
454
2017.08.03 17:25 
 

User didn't leave any comment to the rating

Manuka Pradeep De Silva
141
2017.07.22 21:25 
 

First I would like to say I’m a newbie to the forex. This is the first EA I am using. But I have back tested several EAs. I have been using LRT for 2months now. It gave 70% profit each month. (But in the last week of first month I had lost my profit of that month!! Will explain at the end). So I’m writing this BIG review to express my gratitude!

This EA is basically uses a modified hedging technique which also includes martingale (grid) technique as an option. I use double trader method for the initial trade. I don’t like grid since it takes few days to close the trades which in turn increases the swap and also if grid fails it will enter in to zone recovery in which needs larger lots which in turn increases the risk for the capital.

Most important setting is the recovery zone range and exit pips. It depends on the pair you used, broker (spread), risk reward ratio and initial trade to capital ratio. You have infinite no of combinations of values from those you have to find the best. The only answer is back testing….

Then comes the best max no of recovery cycle setting. Theoretically using more &more cycles may looks safer. But it won’t since with each recovery cycle the lot value gradually increases and put more and more burden on the capital.

After that you can increase the profit further by finding the best value for the trail the exit point setting. You can also increase the profit exponentially with time by enabling auto lot option.

Initial trade and second trade trailing and other settings didn’t give much benefit for me in back testing.

You have to identify the limits of your EAs. You should understand that with the use of each recovery cycle, the ability of the LRT will decline. I have lost money due to that reason. I had being in the latter part of the LRT when a big news came and it couldn’t overcome. So my advice is, please try to recover trades before any big news. You can do it by identifying the average time to recover a trade and avoiding new trades if the time gap to the news is less than that.

You can fresh start LRT few minutes before news without much worry since it has full potential in the beginning.

Finally I would say there are no perfect EAs. When EA is failing you should have the ability to identify it and take necessary actions. This manual override need your forex basics and experience.

Customer support also exceptional.

Price is very much fair. You can earn it within few days!!

Thanks to Michalis now I have a stable good second income and I highly recommend it. Good luck everyone!!

Monkey_303
129
2017.07.05 18:44 
 

Use it wisely and have patience. Test it, draw your conclusions, and test it again.

syokora
98
2017.06.26 08:35 
 

※ It is not for beginners.bad logics.

Although I purchased and asked a question, it is only operation explanation that is sent by PM.

It did not explain the optimum time and setting for balance and leverage as a seller.

I think that it must be a person accustomed to hedge Ea to some extent.

https://gyazo.com/ffc408d53459f8252415e0a7ec4b2fc5

↑my demo account crash.(3000$)Seller signal settings.

※2017/06/07~2017/06/23

You'd better think about buying.

Bradley Bosworth
250
2017.06.21 14:58 
 

I have read a lot into hedging, and have tried doing it manually to no avail. But finally came across this EA last night, read over it for a few hours, purchased, and implemented it my next trade.

Unfortunately, it had to kick in to save my very first trade using the EA. But it did exactly what it said it does, Saved my butt! Still need to figure out the settings a bit better, as I was able to exit break even manually but the TP was still a ways away (I'm not following the default settings due to my trading system, which is awesome that you can critique it however you please!)

yong2015
119
2017.06.14 05:16 
 

Excellent service from Michalis: he swiftly responded to my request and very helpful to fix my problem in using this EA. The EA functions well but need to understand its settings which may be complicated for new user.

Matthew Todorovski
4188
2017.05.22 20:18 
 

User didn't leave any comment to the rating

kinglam
127
2017.05.21 04:45 
 

Michalis has been very patient in answering my questions and guiding me on how the product works, and even willing to make change to the code to make small customization for me. The product has a lot of features, so it would be good for one to spend some time to read the manual and play with it in live demo account to see how it works before apply it to the live real account. Abubakar was also very kind to share what works, and give me more confidence on how to better use the product. I am currently experimenting the double trader and the trend extreme strategy to open trades, then, enable multiple levels of grid to close them if the first trade didn't hit initial tp. The tool have a lot of potentials if used properly.

vinni350
105
2017.04.05 20:31 
 

I have to agree 100% with the other comments...Michalis provides excellent service and an excellent product...I am new to Forex trading and the use of any type of EA...I practiced with the EA for a couple of weeks and Michalis helped by setting up the EA for my live trading. Nobody seems to talk of the profits that are made with the EAs, but I can tell you that this EA turned a profit of $12,000 this week...Highly Recommend this EA..Try it out..without it I would still be at profit zero....thanks Michalis

Cloaked_Wixard
88
2017.04.05 17:28 
 

Excellent service that you will always feel somebody backing up you until you familiar with the ea. Needless to say an ea with great potential for consistent profit unlike the other ea such as grid and scalping. This ea offer you great risk management and adjustable desired monthly return if you hardworking enough to try the setting. Remember, great sword provided to a swordsman does not mean he will win the battle, it depend on the swordsman how to utilize the great sword. In this case this ea is definitely a great sword. Premium version is a must if you want to be god level swordsman

adambieschke
21
2017.04.03 04:01 
 

The EA does exactly what it says, sure, it's up to the user to determine which strategy and how much risk to take on, but that's also what makes the EA so great. And on top of that, Michalis is absolutely outstanding when it comes to answering questions one may have about the EA. I'm very thankful to Michalis and all of the help he provided me with getting started and I highly recommend LRT to anyone who is looking to improve their trading!

Chavorey
388
2017.03.09 18:29 
 

Very great Ea. It´s better than the normal version of Lossrecovery. I like too much the ExtremeTrend strategy. Michalis always answers my questions. If you put a wrong trade position, this Ea encharge to solve that. Very profitable. As i said before, in the other review, you have to be patient and let the Ea close the orders to see the profits. Thanks Michalis for your EA and for your support.

Abubakar Qazi
480
2017.02.27 04:35 
 

My best investment in any software so far. If used properly, this can easily generate 40-100% return per month. Key is to have right settings and sensible picking of lot size as per your account balance. I've tried this with 3 different brokers and found success with all. Only sad thing is that I purchased it for $450 last year while the seller has dropped the price now to $295 :( but no worries as results have paid for the software already. Seller is good to respond on personal emails adding customization for the user.

burthey68
42
2016.12.13 23:49 
 

Excellent EA! I havent taken a loss yet! I'm glad I chose this EA.

Version 11.3 - 2016.09.22
-Potential bug fixes