Perceptron AI Recoverybot

A multi-pair grid Expert Advisor for MetaTrader 4 featuring SuperTrend and perceptron entries, pair-lock hedge recovery, basket trailing, news filtering and Withdraw Mode.

Overview

Perceptron RecoveryBot is a multi-pair trading system capable of managing up to 26 forex pairs, with a default limit of 10 simultaneously active pairs.

It combines trend-following and pullback entries with independent grid management for each pair. When a pair reaches a predefined drawdown level, the EA activates a hedge lock and gradually recovers the loss using profits generated by other pairs.

A chart control panel provides monitoring and manual control of the main functions.

1. Multi-pair trading

• Supports up to 26 configurable symbols: AUDNZD, AUDCAD, NZDCAD, USDCHF, EURGBP, CADCHF, EURCHF, EURUSD, EURAUD, GBPAUD, AUDUSD, EURCAD, GBPUSD, USDCAD, NZDUSD, AUDCHF, NZDCHF, EURNZD, GBPCAD, GBPCHF, GBPNZD, USDJPY, EURJPY, AUDJPY, GBPJPY and CADJPY.

• Maximum simultaneous pairs: 10 by default, adjustable.

• Custom symbol lists separated by commas.

• Optional hedging permission.

• Buy-only or Sell-only trading modes.

2. Entry engine – 3 selectable modes

Mode 1 – SuperTrend + Pullback (default)

• SuperTrend on M15.

• ATR period: 7.

• Multiplier: 2.

• RSI pullback entry confirmation.

Mode 2 – Trend + M5 Pullback + Perceptron

• EMA 21/55 trend detection on M15.

• Pullback confirmation on M5.

• ADX and ATR filters.

• Perceptron with weights for trend, pullback, momentum and ADX, plus a bias.

• Minimum probability threshold required before opening a trade.

Mode 3 – Original RSI + Channel

• Classic mean-reversion strategy.

• Bollinger Bands and RSI.

Additional controls:

• Configurable trading hours using broker time.

• Holiday trading block.

3. Grid and take profit

• Initial entry followed by grid levels every 35 pips by default.

• Smart Distance functionality.

• Lot multipliers:

  • Second trade: ×1.

  • Third to fifth trades: ×2.

  • Sixth trade onward: ×1.5.

• Maximum 9 trades per grid.

• Optional starting grid level.

• Initial trade TP: 15 pips.

• Weighted take profit for the complete grid.

• Optional break-even after a selected level.

• Hidden TP/SL and Smart TP options.

Basket trailing:

• Activation: 10 pips beyond the average basket price.

• Trailing distance: 7 pips.

• Adjustment step: 2 pips.

4. Pair-lock hedge recovery

The recovery system operates independently for each pair.

Activation

• Default trigger: floating drawdown of 3% of account balance per pair.

• Adjustable trigger, with 0 disabling the function.

• Automatically opens a hedge to lock the affected pair and prevent further directional exposure from increasing its floating loss.

Recovery using profits from other pairs

• 70% of each winning trade from other pairs is allocated to recovery.

• The remaining 30% is retained as net profit.

• Recovery is performed gradually in 0.01-lot steps, reducing equivalent volumes on both the original grid and hedge sides.

Recovery limits

• Maximum 3 simultaneously locked pairs.

• When multiple pairs reach the trigger, priority can be given to the pairs with the largest drawdown.

• Optional orphan recovery for manual trades and positions opened by other EAs.

The recovery mechanism requires profitable activity from other pairs. Therefore, it is disabled by default in single-symbol Strategy Tester scenarios.

5. Withdraw Mode

Withdraw Mode prioritizes realizing available profits and reducing account exposure.

When activated:

• Stops opening new grids.

• Closes each basket when its net profit reaches the configured minimum (0.50 in account currency by default).

• Continues until no positions remain open and there is no floating drawdown.

• Can be enabled at startup or activated through the chart panel.

An additional recovery control prevents new pairs from entering recovery when only a few pairs remain active (4 by default) and there are no outstanding recovery obligations.

6. Risk management

Lot sizing options

• Fixed lot.

• Dynamic lot based on balance or equity.

• Deposit-load-based sizing.

• Four risk presets:

These figures are design targets, not guaranteed returns.

Drawdown protection

• Maximum floating drawdown in percentage and/or account currency.

• Monitoring based on the EA's strategy or the entire account.

• Configurable response:

  • Close positions and stop for 24 hours.

  • Close positions and stop until terminal restart.

  • Block only new grids.

Additional protections

• Maximum lot size.

• Maximum spread.

• Minimum free margin.

• Automatic order splitting.

• Slippage limit.

News filter

• Blocks new grids 10 minutes before and after high-impact news affecting the currencies of each pair.

• Live trading functionality.

• Requires the news URL to be added to MT4's allowed WebRequest list.

7. Recommended setup

8. Getting started

1. Attach the EA to a single chart and enable AutoTrading.

2. Configure the news URL under Tools > Options > Expert Advisors > Allow WebRequest.

3. Start with a demo account and the Low risk preset.

4. Configure the symbol list, trading limits and recovery settings.

5. Evaluate performance and drawdown before considering live trading.

9. Main features of v3.14

• Multi-pair trading with up to 26 configurable forex symbols.

• Three selectable entry engines, including SuperTrend and perceptron.

• Independent grid management for each pair.

• Hedge-lock recovery funded by profits from other pairs.

• Withdraw Mode with chart-panel activation.

• Weighted basket TP and basket trailing.

• High-impact news filter.

• Comprehensive risk management and chart control panel.

Important risk disclosure

Forex trading involves a high risk of financial loss. Grid and hedge-recovery strategies can accumulate significant floating drawdown, especially during strong and prolonged market trends.

Recovery depends on other pairs generating sufficient profits. Trading multiple pairs also increases margin requirements and correlated-market exposure.

Neither backtests nor historical performance guarantee future results. Always test on a demo account before live deployment and use only capital you can afford to lose.