Recovery Manager Panel MT5
- Utilities
- Version: 1.0
- Activations: 5
Recovery Manager Panel MT5 is a manual order management panel for traders who want to manage open positions directly from the chart in a clearer and more organized way.
This tool is not a signal robot. It does not predict market direction, generate entry signals, or trade automatically based on market forecasts. Instead, it helps traders work with positions that are already open. You can calculate possible recovery lot sizes, view estimated target levels on the chart, and use available floating profit to help offset losing positions when the required conditions are met.
The panel is designed for MT5 hedging accounts and works with positions on the current chart symbol. Depending on your input settings, it can manage manual trades, EA trades with a selected magic number, or both.
Recovery Manager Panel MT5 is useful for traders who manage several positions manually and want a more practical way to plan recovery actions, handle partial lots, and decide when floating profit can be used to reduce or close a losing position.
Main Features
✓ Manual Recovery Management Panel
Manage selected positions directly from the chart using a simple visual control panel.
✓ Profit Offset Function
Use floating profit from one position to offset and close a losing position when the combined result reaches your defined condition.
✓ Pair Recovery Mode
Select two positions on the same side and let the panel monitor their combined profit until the target profit is reached.
✓ Partial Lot Management
Enter a custom lot size for each selected position, so you can manage only part of a position when needed.
✓ Lot Line Calculation
Use the yellow Lot Line to estimate the recovery lot required to reach the target profit level.
✓ TP Line Visualization
Display an estimated target price line where the selected pair may reach the desired profit.
✓ Max Loss Line
Use the magenta Max Loss Line to estimate possible loss before placing a recovery order.
✓ Risk Control by Balance Percentage
Set the maximum accepted loss as a percentage of account balance before a recovery order is allowed.
✓ Magic Number Filter
Choose whether the panel manages trades opened by this tool, manual trades, EA trades with a selected magic number, or a combination based on your settings.
✓ Current Symbol Management
Set the tool to manage only positions from the current chart symbol.
✓ Strategy Tester Demo Buttons
Use the tester demo buttons to open sample Buy/Sell orders and move the Lot Line or Max Loss Line in MT5 Strategy Tester Visual Mode.
Risk Notice
Recovery Manager Panel MT5 is a trade management utility only. It does not guarantee profit, prevent losses, or replace proper risk management.
- Attach Recovery Manager Panel MT5 to a chart.
- Open or already have positions on the current symbol.
- Select a ticket from the panel.
- Choose whether to use Offset, Pair Recovery, Lot Line, or TP Line.
- Use the visual lines and panel values to plan the recovery process.
- Let the panel monitor the selected positions and close them when the defined conditions are met.
The tool uses broker contract settings for profit calculation through MT5’s built-in profit calculation logic, making the estimation more suitable for different symbols such as forex pairs, gold, indices, and other CFDs, depending on your broker’s specifications.
Important Notes- This product is designed for MT5 hedging accounts only.
- It is a manual trade management utility, not a fully automatic trading strategy.
- It does not provide entry signals.
- It does not guarantee recovery, profit, or loss avoidance.
- Recovery trading can be risky and may increase exposure if used without proper risk control.
- Always test the product in the Strategy Tester and on a demo account before using it with real funds.
Recovery Manager Panel MT5 is suitable for:
✓ Manual traders
✓ Grid or multi-position traders
✓ Traders managing floating losses
✓ Traders who need partial lot control
✓ Traders who want visual recovery planning
✓ Traders who want profit offset management
✓ Traders who prefer manual control instead of fully automated signal robots
Profit target to close selected pair
The target profit amount used for pair recovery or recovery calculation.
Maximum lot for manual recovery order
Limits the lot size that can be opened by the recovery function.
Maximum accepted loss as balance percent
Prevents opening a recovery order if the estimated max loss exceeds the allowed percentage of balance.
Magic Number
The magic number used by orders opened from this tool.
Manage Manual Trades
Allows the panel to manage manual trades with magic number 0.
Manage Only Current Symbol
Limits management to positions from the current chart symbol.
Minimum losing order amount to offset
Defines the minimum losing position amount required for the offset function.
Target Lot
Allows offset management only for a specific lot size. Set to 0 to allow all lot sizes.
Tester Demo Mode
Shows additional test buttons in the Strategy Tester Visual Mode.
The demo version can be tested in the MT5 Strategy Tester.
For the best testing experience, please use Visual Mode. The included tester demo buttons allow you to open test Buy/Sell positions, close test positions, and move the Lot Line or Max Loss Line during testing.
After purchase or rental, the full version can be attached to demo and live charts, subject to your MT5 account type and broker conditions.
