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Loss Recovery Trading Robot

This is an Expert Adviser use for manual trading as a background EA or combine with external EA to open orders. Loss Recovery Trading is one of your options to handle the lose positions instead of using stop loss by setting a zone recovery area and target to exit the turn rounds sequence.


How It Work?

If the market goes against your first positions direction at the specific of losing points, the EA will open an opposite direction position with calculated larger lot size and also keep the first position. If the market hit the target (up trend or down trend) the EA will close all positions of that symbol. If the market does not hit the target price, the EA will open other turns in the sequence. So, using this EA as a background you will have one way in and two ways out (up or down is does not matter).


Advantage

  • Max loss recovery for 5 symbols
  • Manual open trade
  • Hidden and Show Stop Loss and Take Profit (SLTP)
  • Break even function include
  • Trailing stop function include
  • Smart Input Safe Mode
  • Easy setup


Parameters

  • EA Mode: select the mode for input use
  • Max Number Of Different Symbols For Trading: the maximum symbols to manage by this EA
  • Open Orders By: select the mode for open orders, properly is manual
  • Hidden/Show Stop Loss and Take Profit: select the mode of show/hidden stop loss and take profit (SLTP) price or no STLTP
  • Comment Display Mode: select the comment view mode on the chart
  • Max Similar Symbols: the maximum similar currency symbol to be trade, properly is 1
  • Use Auto Close Open Similar Symbols: if use this function, the EA will automatically detect the similar symbols in the open positions to close
  • Lot Size Calculate Mode: select the lot size calculation mode: auto lot size or fixed lot size
  • Fixed Lot Size: the value of fixed lot size to open trades
  • Min Account Balance To Start Auto Lot Size: the minimum account balance to start auto lot size function
  • Auto Lot Size Ratio Per Balance of $10.000 (<=0.5): the ratio of lot size to calculate lot size for trade base on the account balance, properly from 0.01 - 0.1
  • Stop Loss (in points): stop loss in point
  • Take Profit (in points): take profit in point
  • Loss Handle Strategy: select the mode to handle lose trades: stop loss and trailing or loss recovery (recommended)
  • Zone Recovery Area Size (in point): the size of Zone Recovery to open the opposite trend positions
  • Target Profit (in point): the target to close all positions
  • Max Turn Rounds (<=50): the maximum turns of loss recovery, properly is less than 15
  • Use Reverse Loss Recovery Function: if the maximum turn is hit the EA will close the last position instead of opening more turns
  • Anti-Trend Turn (2,4,6,...) Keeping Lot Size (%): the percent of the first lot size you want the EA to open when Loss Recovery Function works, properly 10%
  • Follow-Trend Turn 3 Keeping Lot Size (%): the percent of keeping the first lot size you want the EA to open when Loss Recovery Function works for turn no.3, properly 10%
  • Follow-Trend Turn 5 Keeping Lot Size (%): the percent of keeping the first lot size you want the EA to open when Loss Recovery Function works for turn no.3, properly 100%
  • Follow-Trend Turn 7 Keeping Lot Size (%): the percent of keeping the first lot size you want the EA to open when Loss Recovery Function works for turn no.3, properly 100%
  • Follow-Trend Turn (9,11,13,...,49) Keeping Lot Size (%): the percent of keeping the first lot size you want the EA to open when Loss Recovery Function works for turn no.3, properly 20%
  • Use Trailing Stop: select the mode of using trailing stop
  • Min Profit To Start Trailing Stop (in point): the minimum earning point to activate the trailing function
  • Trailing Points: the trailing point (the distance to the current price)
  • Trailing Step (in point): the trailing step
  • Use Break Even: select the mode of using breakeven function
  • Break Even Type: select to break even type, break even stop or break even trailing
  • Close Break Even By: select the unit to calculate break even, percentage or amount
  • Min Break Even Profit (>0) (in amount): the amount to activate break even function
  • Break Even Distance (in amount): the distance from the min profit to the pullback price to close all


Recommendation

  • Low spread broker
  • Swap is need to concern

Happy Trading!

Tony D. Pham,

Reviews 1
yong2015
97
yong2015 2017.06.20 09:51 
 

Good utility and easy to use when attached to only one currency pairs, you can control all pairs being traded. However, you shall understand more about the setting whether it can fit with your trade strategy or EA. The author is very patient to explain and give generous support.

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Is a Multi-purpose tool for analyzing Elliott Waves for MetaTrader 4 trading platform. You can: Single-click to count wave according pattern and degree. Single-click for generation Andrews Pitchfork. Single-click for generation target Fibonacci levels (depending price and time) uniquely configured for each wave type. Single-click for generation Fibonacci wave channels uniquely configured for each wave type. Followings are main features. 1. You can use one chart for all currencies You can use t
249 USD
Personal Assistant Tool
Omar Alkassar
If you wish to draw Support and Resistance lines, view: daily market opening, classical pivot levels, Fibonacci pivot levels, trend lines, Fibonacci levels, the remaining time to candle closing, and current spread. If you seek to place your orders with the exact lot that meets your desired stop loss risk. If you wish to do all this and more with just one click, then this is the perfect tool to use. This tool will allow you to feel more relaxed when deciding to open orders, as well as predicting
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OneClick Analysis
Omar Alkassar
This tool that enables you to use analysis tools easily and with just a click. Draw Support and Resistance levels, Fibonacci levels, Shapes, Channels, Trend lines and all other objects. Just click the button, move the mouse and that's it. You can use demo version from here: https://www.mql5.com/en/market/product/30548 You can use MetaTrader 5 version from here: https://www.mql5.com/en/market/product/15003 Followings are main features You can use one chart for all symbols : You can use the same
149 USD
GTC Panel
Artyom Simonenko
Trading information panel for fast trading on the Forex, CFD and Futures markets! Application features You can instantly send buy or sell market orders with specified volumes and also close positions with a single click. Language support: Russian, English 5 types of Trailing Stop ( Manual, Volatility, Fractals, Parabolic, BarExtrimum) 3 types of lot calculation ( Manual, percentage of deposit, percentage of the Stop Loss level) Preliminary data on the potential profit (or loss) Automatic adjustm
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MyMT4Book
Rimantas Petrauskas
MyMT4Book provides instant MetaTrader 4 account analysis by Magic Number, Trade Comment or Symbol. MyMT4Book was built to analyze MetaTrader accounts and do it in seconds. With MyMT4Book you can get trade statistics fast and right on your MetaTrader 4 chart window. To test the indicator download FREE DEMO version here: https://www.mql5.com/en/market/product/14802 The main idea of the indicator is to monitor and choose winning strategies when you use many strategies on the same MetaTrader 4 accou
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Partial Close Expert
Omar Alkassar
The most simple and easy to use Partial Close Expert. The main idea of this Expert is to apply partial close to your positions. Expert will automatically find your open market positions and apply partial close according to your settings. Attach Partial Close Expert, Press "p" on your keyboard , change the settings and you are ready to go. You can use demo version from here: https://www.mql5.com/en/market/product/30481 You can use MetaTrader 5 version from here: https://www.mql5.com/en/market/pro
199 USD
MT4 Strategy Builder
Jacobus Van Schoor
MT4 Strategy Builder (‘StratBuilder’) is a grid-trading order management utility, offering traders the functionality to develop their own unique strategies, without having to program MQL code! NEW to STRATBUILDER? - automate your trading within minutes, by applying our semi-automated sample strategy  to trade 9 symbols concurrently. Parameter values ( developed for a 5-digit broker ) to apply the semi-automated sample strategy to 9 symbols (AUDUSD, BTCUSD, Crude oil, EURUSD, GBPUSD, Gold, S&P500
340 USD
Trade Copier Agent
Omar Alkassar
Trade Copier Agent is designed to copy trades between multi MetaTrader 4 accounts/terminals. With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay. Followings are highlight features Switch between Provider or Receiver within one tool. Each account can act as both Provider and Receiver, so accounts can copy to each other in 2 ways transmission. This is like a trade sharing network
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Unlimited Binary Options Copier Remote
Vu Trung Kien
Unlimited Binary Options Copier Remote is a powerful tool to copy binary options trades remotely between multiple accounts at different locations over internet. This is an ideal solution for signal provider, who want to share his binary options trades with the others globally on his own rules. One provider can copy trades to unlimited receivers and one receiver can get trade from unlimited providers as well. The provider can set the subscription expiry for each receiver, so that receiver will no
299 USD
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Loss Recovery Trading Robot Demo
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This is an Expert Adviser use for manual trading as a background EA or combine with external EA to open orders. Loss Recovery Trading is one of your options to handle the lose positions instead of using stop loss by setting a zone recovery area and target to exit the turn rounds sequence. How It Work? If the market goes against your first positions direction at the specific of losing points, the EA will open an opposite direction position with calculated larger lot size and also keep the first
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Strength and Weakness Trading System Demo
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This is a full automated Multi-Currency Trading System based on price action analysis, algorithm and logic functions to find out what the STRONGEST currency is and what the WEAKEST currency is, then pairing and focus on that symbol pair to trade. It is combined with Breakout Trading Strategy and Loss Recovery Trading Function instead of Stop Loss. This Expert Adviser can also give traders the overview about the whole currency market in specific time frame series and traders can make their own de
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yong2015
97
yong2015 2017.06.20 09:51 
 

Good utility and easy to use when attached to only one currency pairs, you can control all pairs being traded. However, you shall understand more about the setting whether it can fit with your trade strategy or EA. The author is very patient to explain and give generous support.

Reply to review
Version 1.1 2016.07.27
- Updated preset
- Updated Reverse Loss Recovery Function: Close positions one by one until out of the sequence.