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Loss Recovery 1 MT4

4.6

Loss Recovery 1 is an Expert Advisor for recovering losses of positions that were opened in the wrong direction (that were opened by another EA or manually). This EA recovers your loss and closes your position without using dangerous martingale/Averaging methods. This EA places some positions in opposite directions and some positions in direction of wrong position and manages these positions with mathematical methods until recovering total loss of the position.


Using EA :


  • EA Action:
    • Single Position With Specified Ticket (Order ID) : EA recovers only in-loss position with ticket specified in "In-Loss Position Ticket" field
    • All Positions On Account : EA recovers all positions with loss greater than "Distance to Start" field
    • All Positions On Current Chart : EA recovers all positions with symbols equal to attached chart and loss greater than " Distance to Start" field.
    • All Positions With Magic Number : EA recovers all positions with defined magic and loss greater than " Distance to Start" field
  • In-Loss Position Ticket (Order ID) [If Action=Single] : Ticket of existing wrong position specified in "In-Loss Position Magic" field
  • In-Loss Position Magic : Magic Number of Positions you want to recover
  • When to Start Recovery? Points (Fixed), Points (ATR), Percent of Balance, Loss Amount
  • Fixed Distance to Start: Distance in Points to start managing and recovering loss
  • Distance to Start [ATR Multiplier] : Distance Based on ATR Value
  • Loss to Start: Loss on position to start recovering loss
  • Distance of Positions Mode : Points / ATR Multiplier
  • Distance of Positions [Points]: Distance in Points to open next level positions
  • Distance of Positions [ATR Multiplier]: Distance in Points to open next level positions
  • Volume Percent for In-Dir Positions: Volume Percent of Positions in same direction of wrong position
  • Volume Percent for Opp-Dir Positions: Volume Percent of Positions in opposite direction of wrong position
  • TP : Total Take Profit of Basket of Trades. Enter 0 if you want to only recover losses without profit (Break-Even) .
  • Close Other Charts : Closes all Open Charts When Recovery Start (except current chart)



Recommended Values :

    Conservative Mode (Recover Loss Slowly with Low Risk) Fast Mode (Recover Loss as soon as possible)   Recommended Mode
(for EURUSD,AUDCAD,...)  
Recommended Mode
(for GBPJPY,GBPUSD,...)  
Distance to Start
2000 Points
1000 Points
500 Points
1000 Points
Distance of Positions
2000 Points
1000 Points
1000  Points
2000 Points
Volume Percent for In-Dir Positions
50
30
50
50
Volume Percent for Opp-Dir Positions
50
10
50
50



Testing EA :

For testing the EA you must enter position information in the wrong direction. The EA opens a position at time and volume and direction you entered and then starts managing DD. Make sure that after the position opens, the market moves in the wrong direction.

  • EA Action: Set to "Testing Mode"
  • TESTER Wrong Position Time:
    • The time for inserting the wrong position in the format: hh:mm as example: 15:35
    • Positions will be opened in market price at the time you specified on the start date of your testing period.
  • TESTER Wrong Position Direction: BUY or SELL
  • TESTER Wrong Position Volume: Volume of the wrong position (lots)
  • Test EA with large deposit and large volume.
  • You can optimize EA by changing parameters : Distance to Start, Loss to Start, Distance of Positions, Volume Percent for In-Dir Positions, Volume Percent for Opp-Dir Positions.



Recommendations :


     Works best for positions with large volumes. (>0.2 lots).

     You can continue your trading on your account. The EA manages your wrong position and own-opened positions until recovering loss.

     It is recommended to disable any trading operations by other EAs on recovery started positions.

     Make sure you selected "All History" on your terminal "Account History" panel.



Versions :



We are ready to help you for using the EA, Please don't hesitate to contact us.
Visit our other useful utilities, Indicators and experts here.



Reviews 5
aworex
1251
aworex 2022.06.29 05:48 
 

A good product for large-sized / long-term positions. A must-have for serious traders

Serge
681
Serge 2022.05.30 09:21 
 

Good, solid product. Works as explained. Great addition to my trading. Thank you very much Kyra.

Alejandro Velazquez
68
Alejandro Velazquez 2021.08.09 07:23 
 

Muy buen producto. Bien diseñado, definitivamente es indispensable para operar con mayor seguridad. Excelente y sigan mejorando.

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EA has a live track record Live performance  (very high risk account) 6 copies  out of 10   left  at $899 Next price --> $999 Price will be kept high to lower the number of users for this system! News Catcher Pro is a mean-reversion strategy that uses intraday seasonal volatility patterns caused by high-impact news events. It enters the market at a certain time shortly before a high-impact news event occurs . It does not trade frequently! Supported currency pairs: GBPUSD, EURUSD, EURGBP
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Filter:
aworex
1251
aworex 2022.06.29 05:48 
 

A good product for large-sized / long-term positions. A must-have for serious traders

Serge
681
Serge 2022.05.30 09:21 
 

Good, solid product. Works as explained. Great addition to my trading. Thank you very much Kyra.

Michael Beek
625
Michael Beek 2022.03.13 12:57 
 

I previously had a Recover EA, which constantly caused a high drawdown. This often went with the complete loss. Now I've rented LR 1, and got rid of that high drawdown within two weeks. Of course, this also depends on the market. But the working method of the LR1 EA, as far as I can judge this after 2 weeks, gives hope for the future.

Alejandro Velazquez
68
Alejandro Velazquez 2021.08.09 07:23 
 

Muy buen producto. Bien diseñado, definitivamente es indispensable para operar con mayor seguridad. Excelente y sigan mejorando.

mnafraz
55
mnafraz 2021.05.19 16:36 
 

Good product but I believe price is a bit on the higher side. Recovery must start at 20% DD as DD doubles during the process. 0.01 lot sizes dont do well minimum 0.1 advisable. TP line is a must to avoid negative closure of trades. Overall nice product to manage unexpected moves.

Reply to review
Version 2.1 2022.04.22
Added options for notifications and popup alerts
Added more options to close chart feature
Optimized performance of recovering lower volumes of orders
Version 2.0 2022.02.19
- Added Max Spread Filter
- Added Start Recovery option based on Loss Amount
- Added options to setup TP
Version 1.3 2021.09.18
Added
- commissions and swaps for profit calculation (optional).
- Allow to run on Multiple charts with different magic numbers
- Colored arrows shows on real trading chart to demonstrate entry and exit points
Version 1.2 2021.03.26
Error codes changed to Error Clear Texts.
Version 1.1 2021.03.02
Added :
- ATR Option to Determine Distances
- Automatically Close Charts on Start of Recovery.