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TSO Order Recovery MT5

TSO Order Recovery is an expert advisor that provides a known and tested method of covering losses from open positions through hedging.

  • It uses all the tools of the TSO Signal Builder EA - almost infinite entry/exit strategies
  • Add negative management to any strategy (manual or automated) to eliminate losing trades
  • No pending orders are placed
  • Any account size - a minimum of $1,000 is recommended
  • Works on any currency pair
  • Allows for a lot of customization (a default strategy is included for demonstration purposes)


Strategy

The Order Recovery system detects a losing trade and opens an opposite position of larger lot size at a fixed distance from the original trade creating a zone within which the loss is confined. This creates two scenarios:

  1. If the price reaches the target, the second position will cover the losses of the initial trade or even profit. All positions are then closed with a net profit.
  2. If the price reaches the level of the initial trade an additional position is opened so that there are more lots in total in the original position’s direction, so that the new position together with the initial one will cover the losses of the opposite position and even profit if the price reaches the opposite target. All positions are then closed with a net profit.

This process continues and new positions are opened each time the price reverses direction and passes from the edges of the zone, until one of the targets is reached.

For Detailed explanations of all the features of the expert advisor check the Quick Start Guide.

If for any reason the EA is shut down unexpectedly it can be restarted as long as the Expert Properties have not been changed. Then it will continue normally, taking into account the previous orders it created. This feature has been added only to cover for unexpected circumstances. This expert advisor can result in open trades that can last from hours to weeks and it requires to be open throughout that period. It is possible to run from a PC if it can be constantly open and online but using a VPS is highly recommended.


Keep us updated to keep you updated

Give us your feedback in the comments section to improve this EA.


Inputs specific to the Order Recovery system

(check the Quick Start Guide for detailed explanations)
  1. ENABLE Order Recovery
  2. Order Recovery Zone Distance: Distance in pips between the initial and reverse order in pips. It applies for all subsequent orders.
  3. Order Recovery Target Distance: The target pips from the edge of the zone at which the net loss of all open positions is 0. A smaller distance implies a faster exit but is more aggressive as it requires a larger lot size and vice versa.
  4. ENABLE Custom Lots: If this option is disabled, the lot size of the orders opened from the Order Recovery system is based on the selected zone and target distances. If this option is enabled the lots will be determined through the equation 𝑋𝑛=𝑎∗𝑋𝑛−1𝑏+𝑐.
  5. 𝑎,b,c: Affect the lot size similar to the dynamic lot size for the initial orders. Used only if Custom Lots are enabled.
  6. ENABLE Safety: If the market does not make a relatively strong price movement, the order recovery mechanism could create multiple open positions, potentially leading to loss of the whole account balance available. This mechanism targets at reducing potential losses.
    • Close All Positions: All open positions will be closed and the current order recovery cycle will end once a pre-set open loss has been reached.
    • Reduce Positions: Once a pre-set open loss has been reached, the system will stop opening new positions at the zone edges but the last position will be closed once the opposite edge is reached.
    • Disable
  7. Open Loss Units:
    • Percentage: Measure the open loss in the following input as a percentage of the current balance.
    • Money: Measure the open loss in the following input as money.
  8. Open Loss to Enable Safety: The open loss in percentage of current balance or money (based on above input) at which the Safety mechanism is enabled.
  9. Custom Indicator Settings: Custom automated strategies can be added as entry signals through indicators. The losing orders are then managed through the Loss Managment system
  10. ENABLE Manual Panel: A panel for manual trades appears.
  11. ENABLE Comments:
    • Account balance
    • Current profit
    • Current lots
    • Max lots
    • Max drawdown %
    • Spread
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Now price is   1284 , Last 1 copy for this price .  Next Price will be   1525 * Last month performance  The Most valuable thing for YOLO is :   VIP Service   ,   Accurate daily prediction   and   trend change alert   . Will make the all information directly connect into my database to the coming version to protect the copyright and sharing .  So our VIP message and logic will be protected , only whom purchased on MQL can be used the service .  if you want to improve your manual trading skills
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Money Mind BTC
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Antonio Simon Del Vecchio
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PAVEL UDOVICHENKO
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Darwin Evolution MT5
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Guillaume Duportal
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Profalgo Limited
MORE THAN 3 YEARS OF TRADE RESULTS ALREADY   ->  https://www.mql5.com/en/signals/413850 CURRENTLY AT +70% DISCOUNT OF FINAL PRICE! ONLY 1 COPIES LEFT AT 390$!! NEW: Buy Advanced Scalper, and get 1 EA for free! (for 2 trade accounts) Final price -> 990$ !! READ SETUP GUIDE BEFORE RUNNING THE EA !!    ->  https://www.mql5.com/en/blogs/post/705899 Advanced Scalper is a professional trading robot that has been in development for many years. It uses very advanced exit-algorithms and has a bu
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Index Provider
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The Comeback Kid Manager EA
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Carousel Triple Correlation MT5
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Wild Side MT5
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Checkpoint mt5
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I am glad to welcome you on the page of my product - I am its author Vasily Strukov. Midnight is the closing time of the daily candle; it is the time of equilibrium between sellers and buyers. It was at this time that the adviser opens two orders in opposite directions. It is also possible to open the user at a specified time, or trade non-stop in the "enter right now" mode. The Advisor need Hedge type account. IMPORTANT! Contact me immediately after the purchase to get instructions and a bonus
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Mr Martin MT5
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Vasiliy Kolesov
Mr Martin MT5   EA Mr.Martin   MT5  is a fully automated Expert Advisor that is designed for quiet, investment trading over a long period of time.  The Expert Advisor uses in its strategy the principles of averaging unprofitable positions, but due to the unique input system, several filters, and the deposit protection system, expressed in the   SL_percent_balans   parameter, is completely safe for your deposit. T he default settings are optimized to work on EURUSD M1  GMT+2  and can be used i
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VR Smart Grid MT5
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SIEA Max
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Gold Dragon mt5
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Evgenii Aksenov
Monitoring real deals:  G old Dragon EA      Gold Dragon+ Gold EAgle Buying this Expert Advisor you get personal gift! Details in the DM Price will be kept high to lower the number of users for this system! Gold Dragon MT4  created for  Gold (XAUUSD) H1  trading. By measuring the power of the trend of Daily candles Expert Advisor trades only according to the trend You will need at least one month to objectively assess it in full. The robot may not open transactions for several days waiting fo
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Version 3.2 2018.10.02
- minor improvements
Version 3.1 2018.09.26
- optimization of code
Version 2.86 2018.03.21
- Added time shift to all indicators possible.

- Minor improvements in order execution.
Version 2.67 2018.03.09
- Fixed a runtime error that occurred when using the MACD indicator.
- Minor bug fixes.
Version 2.51 2017.11.23
- Minor bug fixes
Version 2.50 2017.11.07
- Improved panel for manual trading