Loss Recovery 3 MT5

2

Loss Recovery 3 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 on Break Even or with determined profit.


Trading Strategy:

Loss Recover3 EA try to Recover Wrong Positions, by using Averaging method. There are various features on the EA to control risk of the strategy.


Using EA :

The EA is very simple and without complicated input parameters. There are main parameters must be set:

  • EA Action:
    • Single Position With Specified Ticket (Order ID) : EA recover only in-loss position with ticket specified in "In-Loss Position Ticket" field.
    • Multiple Positions With Defined Tickets (Order ID) : EA recover multiple in-loss position with ticket specified in "In-Loss Positions Tickets" 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 Positions Tickets (Comma Separated) [If Action=Multiple] : List of desired tickets separated by comma.
  • In-Loss Position Magic : Magic Number of Positions you want to recover.
  • Consider Swaps Also : For profit calculation
  • Consider Commissions Also : For profit calculation
  • Show Panel : Option to Enable/Disable Live Reporting Panel on Chart.
  • Close Charts on Start of Recovery: Will close all other charts on recovery start to avoid placing/managing orders by other EAs.
  • When to Start Recovery? Three Options : Fixed Points or ATR Points (Start recovery when specified DD in Points occur) / % of Balance / Amount of Loss
  • Distance Mode : Options Available : Constant Points, Distance Based on ATR, Add On Each Step, Multiply On Each Step, Defined Sequences
  • Volume Mode : Options Available : Constant, Add, Multiply, Sequences
  • TP Mode : Options Available : Points, Account Currency, % of Balance
  • SL Mode : Options Available : Disable, Points, Account Currency, % of Balance
  • Maximum Number of Orders : Limit Number of Orders on Each Basket.
  • Maximum Volume of Each of Order : Limit Volume of Each Order When it is Multiplied or Added Frequently.
  • Maximum Volume of Sum of Orders : Limit Total Volume of Orders on Basket. If Reach, EA will not Open New Orders.
  • Minimum Time Distance Between Orders (Minutes) : To Avoid Frequent Orders Opening on Large Market Movements.
  • Time Filter : To define a Time Range for Trading.
  • RSI Filter : Filter Orders Opening Based on RSI Indicator.
  • Candle Trend Filter : Filter Orders Opening Based on Previous Candle Bearish/Bullish Trend and Minimum Size of Candle.
  • News Filter : Ability to Avoid Trading Before/After - Low/Medium/High Impact Events. The EA uses MQL5.com Calendar as the resource of events.


Testing EA


For testing the EA you must enter position information in the wrong direction. The EA open a position at time and volume and direction you entered and then starts managing order. 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
    • Position will be opened in market price at time you specified on start date of your testing period.
  • TESTER Wrong Position Direction: BUY or SELL
  • TESTER Wrong Position Volume: Volume of the wrong position (lots)
  • You can optimize EA by changing parameters


Recommendations and Using Conditions :

  • Any Time Frame can be used.
  • 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.
  • The EA uses MQL5.com Calendar automatically . So it is not needed to add a link on the WebRequest list.



Versions :



We are ready to help you for using the EA, Please don't hesitate to contact us.
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SixtyNine EA – A Gold Expert Advisor for MetaTrader 5, featuring 6 integrated strategy layers, predefined Stop Loss on every trade, and a clean trading structure without Martingale, Recovery systems, or Grid trading. Public Live Signal: $500 Start, Fixed 0.02 Lot, 500%+ Growth, 20 Weeks Live The public live signal is the central proof point of SixtyNine EA . The account started with a $500 balance , used a fixed 0.02 lot size per trade , and has been active for more than 20 weeks of live tradin
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Quantum Bitcoin EA : There is no such thing as impossible, it's only a matter of figuring out how to do it! Step into the future of Bitcoin trading with Quantum Bitcoin EA , the latest masterpiece from one of the top MQL5 sellers. Designed for traders who demand performance, precision, and stability, Quantum Bitcoin redefines what's possible in the volatile world of cryptocurrency. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup i
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Prop Firm Ready! Chiroptera is a non-martingale, non-grid, multi-currency Expert Advisor that operates in the quiet hours of the night. It uses single-placed trades (of all 28 pairs!) with tactically placed Take Profits and Stop Losses, that are continuously adjusted to maximize gains and minimize losses. It keeps track of past and upcoming news reports to ensure impacts are minimized and carefully measures real-time volatility to prevent impacts due to unpredictable geo-political disturbances c
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Smarter Control. Refined Precision. Welcome to Quantum Athena X — the next generation of the focused GOLD trading system that builds upon the precision, efficiency, and disciplined execution of Quantum Athena. Quantum Athena X is built on the same streamlined core engine and the same 6 carefully selected strategies as Quantum Athena. Each strategy has been individually refined and optimized for current GOLD market conditions, while the new powerful Custom Mode allows traders to choose exactly
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A utility to close all orders with one simple click at once. Various options are available to filter or select orders : Type of orders : Buy / Sell / Buy Limit / Sell Limit / Buy Stop / Sell Stop Symbol Selection : All / Chart Symbol / Custom Symbols. You can enter custom symbols separated by comma. (for example you can enter EURUSD,GBPUSD,AUDJPY) Order Open Type : Manual Opened / Opened by EA Magic Number : You can enter more than one magic number separated by comma. (for example you can enter
OneClick Auto Close MT4
Kyra Nickaline Watson-gordon
A utility to close all orders automatically when conditions meet. Various options are available to filter or select orders : Conditions : Closing conditions. 3 different conditions can be defined. EA will close orders anytime one or more defined conditions meet. Conditions can be defined based on account properties or selected orders properties. Also a fixed time to close orders is available. Type of orders : Buy / Sell / Buy Limit / Sell Limit / Buy Stop / Sell Stop Symbol Selection : All / Ch
Customized Copy MT4
Kyra Nickaline Watson-gordon
Customized Copy is a Multi-Terminal visual trade copying utility that supports Metatrader4 and Metatrader5 for Trade Copying.  You can activate EA on 10 different PCs/VPS. On each PC/VPS can install on Unlimited Terminals. Specifications :     Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying (support over 50 accounts at same time)     All settings are input visually.     Visual display and modify of copy map and network     Each copy path can be used with different settings
Market Profile iMT4
Kyra Nickaline Watson-gordon
Definition : A Market Profile is an intra-day charting technique (price vertical, time/activity horizontal). Market Profile is best understood as a way to see order in the markets. Market Profile was a way for traders to get a better understanding of what was going on, without having to be on the trading floor. The current indicator is developed based on Easy-to-Use architecture including a wide range of visual settings. Major Features of Indicator : Various Views of Market Profile The indicat
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Kyra Nickaline Watson-gordon
5 (1)
Definition : Market View is a dashboard (scanner) to view price graphs of all symbols and all timeframes at a glance. The utility is designed user friendly and added a wide range of customization options. Main features of Market View : Visual settings window on the chart Customizable list of symbols and timeframes Different shapes : Real Candles, Schematic Candles, Arrows Customizable number of candles Changeable size of dashboard (scanner) Highlight timeframes with gaps on candles Open approp
Fidelity MT4
Kyra Nickaline Watson-gordon
3 (5)
Description : Fidelity EA is an Expert Advisor for trading on all Forex pairs and all timeframe. EA is powered with specific trend detection algorithms. The algorithm is fully smart and automatic. So the use and setup of EA is very simple and there is no need to have deep knowledge about the market. Growing the EA : The EA will be updated and supported always. New features will be added later for free. If you need a specific feature to be added to the EA, please write your idea on the comment
Risk Monitor MT4
Kyra Nickaline Watson-gordon
Definition : Risk Monitor is an expert for Analyzing, monitoring, controlling account risks. Strategy :     Analyze Each Currency Volume and Direction on Account and Sort Them     Find and Suggest Best Three Symbols in Opposite Direction (Hedging Positions) for Controlling Risk.     Analyze User-Defined Position and preview effect before placing /Closing Features of EA :     Graphical Interface     Show Risk Graph for each currency     Smart Analyze and suggest best hedging positions    
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Jacare_ASAS
271
Jacare_ASAS 2021.12.09 00:57 
 

If the EA works well, no problem. However, if you face any issue with the EA, don't expect a good support from author, he will give up the support very easily.

Moh Lutfi Handayani Mba
653
Moh Lutfi Handayani Mba 2021.09.05 13:29 
 

Hi Kyra I already purchase the EA of Lost Recovery 3 MT5. Please guide me to setup the parameter, to recovery my lost on Nasdaq 100 Sept. Thanks Lutfi

Kyra Nickaline Watson-gordon
57061
Reply from developer Kyra Nickaline Watson-gordon 2021.09.07 10:41
Your answer is on PV.
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