Trade Rescue MT5
- Utilities
- Version: 1.9
- Activations: 10
Trade Rescue MT5 is a trading utility that takes unprofitable positions to breakeven or to a set small profit. The deals to be saved are selected with a single click in the list directly on the panel; for unattended operation, there are automatic modes — all positions or transactions of a specific adviser by magic number. The utility does not trade on its own signals — its task is only to save existing positions.
THE PRINCIPLE OF OPERATION
The utility combines the accompanied chart symbol positions into two baskets — BUY and SELL — and manages each one separately. Two rescue mechanisms are available, they can be used separately or together.
— Averaging. When the drawdown of the basket reaches the adaptive step, the utility opens an additional deal in the same direction. The volume is calculated automatically from the risk budget, and each top-up brings the total breakeven price closer to the market, so a smaller rollback is enough to reach zero.
— Partial closure. If there is a profitable trade among the trades being followed, the utility closes it along with the calculated part of the most unprofitable position so that the total result of the pair is not lower than zero. An unprofitable position is reduced in portions without increasing the total volume.
— The step of rescue transactions is calculated automatically based on the current volatility of the instrument. There is no need to set up any thresholds in the points — the same settings work the same way on currency pairs, gold and indices.
— When the Basket close profit goal is reached, all accompanied basket positions are closed, including the transaction that returned to zero on its own.
— The break-even calculation takes into account the swap and the commission estimate. The commission rate is taken from real entry transactions; both sides are included in the calculation — entry and exit. The estimate is conservative: the closure will not occur before the cost-adjusted result reaches the goal.
— The status of the utility (operating mode, list of selected transactions, topping-up counters, panel position) is saved and fully restored after restarting the terminal or loss of communication.
— Risk budget: you set the amount of balance that you are ready to use in the rescue. The volume of each rescue transaction is calculated so that even when moving one more step against the basket, the floating loss does not exceed the budget. When the budget is exhausted, no new rescue deals are opened, and a warning is displayed on the panel.
WHICH POSITIONS ARE ACCOMPANIED BY
The Positions to manage parameter sets the coverage:
— Manual select (panel) is the default mode. The panel displays a list of all trades on the chart symbol; clicking on the line adds the trade to the rescue list, and clicking again removes it. The trader decides for himself which trades to withdraw from the drawdown, and freely continues to trade the rest.
— All positions — all positions of the chart symbol, including trades of other Expert Advisors.
— By magic number — only transactions with a specified magic number (Magic number parameter); a typical scenario is to insure a specific adviser on a VPS.
The utility always accompanies its rescue transactions. Only the graph symbol on which the utility stands is processed; for multiple symbols, open multiple graphs.
INFORMATION PANEL
— Status (ACTIVE, PAUSED, EMERGENCY STOP), rescue mode, and position coverage.
— The status of the BUY and SELL baskets: the number of positions, the volume, the current result, including costs, and the estimated breakeven price.
— Total floating result, the use of a risk budget and a topping-up counter.
— TRADES section: a list of symbol trades — ticket, direction, lot, current result. The lines selected for the rescue are highlighted; the transactions of the utility itself are marked separately. The list scrolls and collapses with one button.
— START RESCUE / PAUSE RESCUE and CLOSE ALL buttons.
— The "x" button in the header removes the utility from the graph along with all its data.
— Dotted break-even lines on the chart: blue for the BUY basket, red for the SELL basket.
— The panel is dragged with the mouse behind the title, while the graph remains in place.
INPUT PARAMETERS
— Rescue mode — rescue mode: Averaging only, Partial close only, Averaging + Partial close.
— Positions to manage — which positions to accompany: Manual select (panel), All positions, By magic number.
— Magic number (for "By magic number") — magic number for the coverage mode of the same name.
— Basket close profit (money, 0 = breakeven) — the goal of closing the basket in the deposit currency; 0 — strictly at breakeven.
— Rescue budget (% of balance) — the percentage of the balance that the utility can use in the rescue.
The step and volume of rescue transactions are not included in the input parameters: The step adjusts to the volatility of the instrument automatically, and the volumes are calculated from the risk budget. The current step and budget usage are displayed on the panel.
CHECKING IN THE TESTER
In the strategy tester, the utility opens demo trades with a minimum lot and shows the full rescue cycle: drawdown, topping up, closing the basket at the breakeven line. Demo trades are not opened on the real chart; after the first launch, the utility is in pause mode until the trader clicks START RESCUE.
recommendations
— Account type: hedging. On netting accounts, only averaging works, partial closing of pairs is not applicable.
— Tools and timeframe: any; timeframe does not affect logic; one chart — one symbol.
— Margin margin: averaging increases volume, keep a free margin with a margin and do not overestimate the risk budget.
— For continuous operation, a VPS is recommended; for Manual select mode, selected transactions are accompanied without a trader at the terminal.
IMPORTANT ABOUT THE RISKS
Averaging increases the total volume, and with prolonged movement against the basket, the floating loss grows faster. The utility reduces the exit price to zero, but it does not eliminate market risk and does not guarantee the salvation of any position. Choose a risk budget based on the deposit: it limits the opening of new rescue deals, but the price gap can increase the floating loss beyond the budget. Past results do not determine future results.
FREQUENTLY ASKED QUESTIONS
Will the utility close my profitable deal without asking?
Only if the transaction is included in the selected coverage. In Manual select mode, the utility only applies to trades that you yourself have added to the rescue list with a click — trade the rest as you like. In the All positions and By magic number modes, the entire basket is closed when the goal is reached, including transactions that went to zero on their own.
Does the utility work with other Expert Advisors on the same account?
Yes. Specify the magic number of the required Advisor or select its trades manually from the list on the panel.
Is the output guaranteed to be zero?
No. If the movement against the basket continues, and the risk budget is exhausted, the basket will remain at a loss until the price returns.
What happens when the connection is disconnected or the terminal is restarted?
The utility will restore its state and continue maintenance from the same location.: The list of selected transactions, operating mode, and counters are read from the saved state, and open positions are determined anew based on account data.
Is it possible to accompany multiple characters?
Yes, install the utility on the graph of each symbol.
Does the utility open trades based on its own signals?
No. All utility transactions are only rescue additions to existing positions (and demo transactions in the tester).
support
Ask questions about the utility in the "Discussion" tab — I will answer promptly.
