Recoverify Advanced Zone Recovery

Recoverify is a professional trading utility for MetaTrader 5 designed to manage trading positions using a mathematical zone recovery mechanism. The system focuses on recovering losing trades by establishing a recovery zone and using a structured hedging approach to reach a collective take profit level.

The application is suitable for traders who prefer a systematic approach to position management, whether through manual entries or automated signals.

Core Features

  • Zone Recovery Engine: A mathematical approach to managing positions within a defined price range.
  • Automatic Take Profit: Calculates a break-even or profit point for a series of recovery trades.
  • ATR Dynamic Sizing: Automatically adjusts the recovery zone size based on current market volatility.
  • Stealth Mode: Keeps take profit and stop loss levels hidden from the broker server.
  • Breakeven Shield: Protects initial profits by moving the stop loss to breakeven once a target is reached.
  • Multi-Timeframe RSI Filter: An integrated automated entry mode using RSI signals across multiple timeframes.
  • Circuit Breakers: Includes margin protection and hedge limits to manage account equity.

Operation Modes

The system offers two primary methods of operation:

  1. Manual Mode: Traders can initiate the recovery cycle manually using the on-chart dashboard buttons.
  2. Automated Mode: The system uses a multi-timeframe RSI strategy to identify potential entry points automatically.

Input Parameters

Recovery Zone Engine

  • Recovery Zone Size: The distance in points between recovery orders.
  • Take Profit: The target profit in points for the initial trade.
  • Stop Loss: An optional hard stop loss in points.
  • Trailing Stop: Points for trailing the profit of the basket.
  • Max Trades: The maximum number of recovery trades allowed.
  • Use Recovery TP: Enable a separate profit target for recovery cycles.

Breakeven Protection

  • Use Breakeven Shield: Enables the automatic move to breakeven.
  • Breakeven Trigger: Profit in points required to trigger the shield.
  • Breakeven Profit: The amount of profit to lock in.

Volatility Settings (ATR)

  • Use ATR: Enable dynamic zone and profit sizing.
  • ATR Period: The number of bars used for ATR calculation.
  • ATR Zone Fraction: Multiplier applied to ATR for the recovery zone.
  • ATR TP Fraction: Multiplier applied to ATR for take profit levels.

Money Management

  • Risk Percent: Lot size calculated as a percentage of account equity.
  • Initial Lot Size: The fixed lot size for the first trade if risk percent is zero.
  • Lot Multiplier: The factor used to increase lot sizes in the recovery sequence.
  • Lot Additions: A fixed value added to each subsequent lot size.

Custom Lot Progression

  • Tier 1 to 10 Lot Size: Optional manual lot sizes for each step of the recovery cycle.

Time and Safety Filters

  • Trade Timer: Limits trading to specific hours of the day.
  • Max Spread: Prevents entries if the market spread is too high.
  • Max Daily Drawdown: Closes all trades if a daily loss percentage is reached.
  • Stealth Mode: Enables hidden price targets.

Support

For any questions or technical support, please use the Comments section on this page or contact me directly via the MQL5 internal messaging system. To ensure a prompt response, provide a detailed description of your query and relevant chart screenshots if applicable.

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5 (11)
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