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AW Recovery EA MT5

4.31
AW Recovery EA is a system designed to restore unprofitable positions. The author's algorithm locks a losing position, splits it into many separate parts, and closes each of them separately. Easy setup, delayed launch in case of drawdown, locking, disabling other Expert Advisors, averaging with trend filtering and partial closing of a losing position are built into one tool.

It is the use of closing losses in parts that allows you to reduce losses with a smaller deposit load, which ensures safer work with losses, unlike grid strategies that close orders only in whole groups.

How orders are restored:
  1. The EA closes other windows of the selected instrument to turn off unprofitable EAs (optional).
  2. The EA resets TakeProfit and StopLoss levels for all processed orders and deletes pending orders with corresponding identifiers.
  3. The EA closes all processed profitable orders in order to use their profit to cover part of unprofitable orders and reduce the total position volume (optional).
  4. The EA blocks a losing position by opening a locking order.
  5. Then, by opening restoring orders, it starts to reduce the loss by partially closing unprofitable orders.
  6. In case of partial closing, the algorithm restores, first of all, the orders that are located the least successfully, or the unprofitable orders that are closest to profitability. Each of the unprofitable orders is divided into many parts, each of which the adviser closes separately. Restoring orders are opened with a small volume, so as not to greatly increase the load on the deposit.

A complete list of EA input settings with comments, instructions for setting up and testing, and other important information can be found at this link -> https://www.mql5.com/en/blogs/post/749585

AW Recovery EA for MetaTrader 4 can be found at this link -> https://www.mql5.com/en/market/product/49453

When you start the strategy tester, the adviser opens one demo position, then for testing you need to use the buttons to open orders on the adviser panel.

    How to trade with an advisor:

    Step 1: Adjust the pitch and volumes

    Adjust the volume of the first averaging order
    Adjust the step for averaging orders
    Adjust the ratio between averaging and closing and their volumes

      Step 2: Set up additional features

      Select period for trend filter(If used)
      Choose a multiplier for averaging orders
      Select Take Profit to close parts of a losing position with a specified profit

        Step 3: Disable Other Expert Advisors

        Disable other Expert Advisors working with these orders
        Or let AW Recovery disable these Expert Advisors
        Or work without locking

        Advantages:
        • Suitable for processing both a small number of orders and large grids of unprofitable orders.
        • Flexible in settings and can be used both for recovering losses and as a full-fledged trading panel.
        • A large number of built-in protective functions.
        • Can be used to recover losses from individual Expert Advisors, and automatically start recovery when a certain loss is reached.
        • Flexible system for processing unprofitable orders and their partial closure
        • The TP processor can process both the entire group of restoring orders, as well as the first and last restoring orders to close parts of the loss.

        Important information! Test your drawdown before launching, you can do this using the "Visualization" mode in the strategy tester. The EA will open orders only if there is an open losing position to recover.

        Support

        Use the helpdesk for questions or support. Write to AW Trading team -> support@aw-trading.com


        Reviews 17
        Stefan Wagner
        137
        Stefan Wagner 2022.06.12 23:43 
         

        This is my fourth EA from Alexander. I am very pleased with the backtest results and his products. Alexander is very helpful and answered always very fast. thanks a lot. There are not many Recovery EAs who can slice losses in peaces to recover it. Very good technic.

        Phoutsamay Tonmany
        304
        Phoutsamay Tonmany 2022.03.23 04:32 
         

        Great product! :)

        Erwin B
        139
        Erwin B 2022.03.21 15:08 
         

        Awesome EA. saved my live account as well!! great job on this one. highly recommend it to everyone as well.

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        Filter:
        Stefan Wagner
        137
        Stefan Wagner 2022.06.12 23:43 
         

        This is my fourth EA from Alexander. I am very pleased with the backtest results and his products. Alexander is very helpful and answered always very fast. thanks a lot. There are not many Recovery EAs who can slice losses in peaces to recover it. Very good technic.

        chpol8 POL
        560
        chpol8 POL 2022.04.23 16:47 
         

        User didn't leave any comment to the rating

        Oleh Sharpan
        356
        Oleh Sharpan 2022.04.17 21:12 
         

        User didn't leave any comment to the rating

        fobot
        143
        fobot 2022.03.29 10:58 
         

        There seems to be a bug with this EA. If you restart the terminal the EA forgets all its exiting trades and starts again, even when the Magic Number is the same. I restarted my terminal by mistake and the EA closed part of my well positioned locking trade, because it previously had other badly positioned Recovery Average trades open, which was not desirable. EA's should be able to restart gracefully as there are various reasons you may choose to restart your terminal or stop and start the EA. Due to this large bug I can only give this a 2 star rating. I will update my review if this is fixed and after I have tested the recovery entry points more in the live market. It gets the extra star because the entry logic in the back testing I have done seems quite good compared to other recovery tools I have tested. It looses 3 stars because it goes not recovery gracefully when you stop and start it for any reason, which is a design flaw.

        Commenting to the reply here: No I did not change the magic number - I can send you the logs if you want - and no I did not change the settings. I simply closed the terminal and then opened it immediately. As it opened the EA activated and closed part of the profitable locking trade as it was the only trade that had a profit. The Recovery Average trades that the EA had opened where all at a loss, but they remained open. In short, instead of continuing from where it left off, by looking at the Magic Numbers, it as you said, just closed a winning trade to get the system into a locked state. The bug is that it counted its own Recovery Average trades in the lock calculation and then ended up closing part of its own lock. I am not sure anyone would expect or want this, as it means that you can never restart the system while it is recovering because it will always restart the entire process. I am happy to talk more in a private chat if you are willing to understand and resolve this bug.

        Alexander Nechaev
        61701
        Reply from developer Alexander Nechaev 2022.03.29 11:18
        Hello, If you launched the adviser, then it will start its work. Our product handles positions in the same way, regardless of whether the EA has just been launched or has been running for some period of time. You wrote that you accidentally launched it - in case you launched the product, it will start working and start it from setting the locking position. The closures that you described are possible if you changed something in positions or settings. I note that from the side of our product there are no bugs that occur during reboot. Speaking to the point, the adviser cannot close a locking order to close averaging orders. Most likely you changed the magic number for average orders to restore them. In this case, the adviser sent part of the profit from the locking position to close part of the unprofitable elements. This action occurs when the product is launched only. From what you wrote, I can see that the EA was brought out of the lock state either by adding averaging orders to the recovery basket(inputs changed), or there was interference with the work of the EA, that is, you either manually closed something or used a different algorithm for this. We do not recommend interfering with the work of our algorithm, so as not to create a conflict between the algorithms. But in your case, I assume that you have changed the magic for averaging orders. If position already in lock - adviser will not close part of it at enable.
        Phoutsamay Tonmany
        304
        Phoutsamay Tonmany 2022.03.23 04:32 
         

        Great product! :)

        Erwin B
        139
        Erwin B 2022.03.21 15:08 
         

        Awesome EA. saved my live account as well!! great job on this one. highly recommend it to everyone as well.

        105491
        22
        105491 2022.02.17 11:09 
         

        It does not work for me and in silent mode why and the solution

        Ting-Hui Wu
        174
        Ting-Hui Wu 2022.01.26 00:31 
         

        Excellent EA, save my live accounts, recommend it to everyone~

        Nilson Nigro
        21
        Nilson Nigro 2021.08.13 05:19 
         

        Alex, good morning... how are you?

        I'm having difficulties understanding the functioning and make the correct setup of the EA. Do you have any video on Youtube explaining how to setup the EA? If OK, could you please send me the link?

        The AW is not opening orders here… I believe I started them with the wrong setup.

        If I turn off these EAs that are working now and start another EA with another Magic Number will this new EA consider the orders of the old one that is at a loss to recover?

        If I put “only buys” and leave the trend filter “true” will the EA only open buy orders when the trend filter allows?

        I await your return.

        Thanks

        Alexander Nechaev
        61701
        Reply from developer Alexander Nechaev 2021.08.13 19:46
        Hello, I answered you in the product discussion and in personal correspondence. I hope my answer will help you.
        Marcel Machado Gumiero
        399
        Marcel Machado Gumiero 2021.04.09 15:09 
         

        Don't buy; it does not live up to what you backtest; it depends on another EA for you to pair to create functioning... horrible!

        Alexander Nechaev
        61701
        Reply from developer Alexander Nechaev 2021.04.09 15:51
        Hello,
        Our product does not depend on any other advisor. That is, all the restoration of a losing position is carried out using our product. I suppose that most likely there was some misunderstanding about how the advisor works. I wrote to you through the PM a request for an explanation of what exactly seemed to you incorrectly or poorly working. Please answer me, I will help you set up the advisor and also explain how the advisor works. Best Regards
        vitalih
        143
        vitalih 2021.03.24 10:09 
         

        good job

        Den Den
        83
        Den Den 2021.03.10 20:07 
         

        EA works well to recover my crazy trades.

        MARTIN AFAMEFUNA HILARY OBIANODO
        823
        MARTIN AFAMEFUNA HILARY OBIANODO 2020.12.30 11:22 
         

        Great Author, Great EA..

        Kadek Oka Mahendra
        307
        Kadek Oka Mahendra 2020.09.13 13:47 
         

        https://www.mql5.com/en/signals/828511 this my signal with add on ea. "add on EA : always open 1 side buy and sell if there is no trade" the rest is done by AW Recovery EA MT5 lets see the performance good luck . . . .

        Adem Veapi
        459
        Adem Veapi 2020.08.24 11:51 
         

        tested with demo account in the past 2 weeks. to this day i get very good results.

        RDI
        1482
        RDI 2020.06.06 16:40 
         

        User didn't leave any comment to the rating

        Yong Ket Hoong
        406
        Yong Ket Hoong 2020.05.29 08:06 
         

        Managed to save my lossing order from 40% drawdown till fully recovery within 3 days.

        Not bad I would say, just need to spend sometime to study the parameters to suit individual need.

        Due to the averaging method, any start up with more than 50% drawdown will take more margin eventually, so start plan it even before you reach that level.

        Reply to review
        Version 3.20 2022.06.26
        - Added a variable to regulate the TP for the entire basket of orders
        Version 3.10 2022.06.22
        Graphics update:
        - Updated the appearance of the advisor panels.
        - Update the appearance of levels for averaging orders
        - Updating the appearance of closing a part of a position

        Update of the functionality of the advisor panels:
        - Added the ability to use profit from the main position to reduce its volume. The functionality of reducing the total volume of a locked position is available in the main panel of the Expert Advisor.
        - Added button to close the entire position
        - Added a button to close the current group of orders being processed, and information about the orders of the current group is displayed in a separate block.

        Update of input settings and EA functionality:
        - Now the input settings are divided into thematic sections, which will make the product setup more understandable
        - Added the ability to send notifications by e-mail, to a mobile phone, as well as in the form of alerts
        - Added the ability to change the size of the adviser panels
        - Added light color scheme for advisor panels
        - Added TP for the entire basket of orders
        - Added the possibility of two-way operation of averaging orders
        - Added the ability to adjust the amplitude and timeframe of the AW Trend Predictor trend filter
        - Added Bulls Bears Candles trend filter - candle reversal filter
        - Added start with a drawdown as a percentage of the deposit
        - Added the ability to work on multiple MagicNumbers at the same time. Now they can be entered as a list separated by commas ",".
        - Added the ability to choose from which orders the adviser should start recovery, from the easiest to close or from positions that are in the most difficult position.
        - Added the ability to open averaging orders using the Expert Advisor panel. This setting is located in the "Protection Settings" section, "Open Average orders via Panel" setting

        We also added a few less serious changes, added a couple of small functions, and also made a general code optimization so that the EA consumes less computer resources.
        Version 2.30 2021.05.04
        - Added the ability to select the first position for recovery
        Version 2.10 2020.12.04
        - General code optimization
        - Added the ability to restore a separate MagicNumber
        Version 2.0 2020.11.06
        - Added Spread Limit for opening orders
        Version 1.60 2020.07.30
        - Update of the Only Sell and Only Buy operating modes
        Version 1.50 2020.07.27
        Fixed a bug in the "Only Close" mode
        Version 1.40 2020.07.25
        - Fixed a bug with changing volumes of some input variables
        Version 1.30 2020.06.15
        - Fixed typo in text labels of volumes of averaging orders
        Version 1.20 2020.06.07
        - Added the ability to work on a separate MagicNumber. In the variable "MagicNumbers for recovery", if necessary, you can enter the list of Magic numbers for recovery, separated by commas ",". If no values are entered in the variable, the EA will work with all orders of the symbol.
        Version 1.10 2020.05.28
        - Fixed error updating data on spread and drawdown in the EA panel