Auto Recovery Manager MT5
- Experts
- Ianina Nadirova
- Version: 1.30
- Updated: 24 March 2023
- Activations: 10
Auto Recovery Manager is a system for tracking and recovering drawdown from other Expert Advisors. If another EA generates the specified drawdown, ARM will turn it off, lock the position and start the process of restoring the position using a partial close. The EA uses smart averaging, locking and partial closing in its trading.
It has an automatic dynamic tuning system. This means that the trader needs to choose the levels of risk to be used, and the EA will adjust the variables on its own. To calculate the variables, the EA uses data on the free margin of the deposit, as well as on the market volatility at the moment. When part of the drawdown is restored, the EA will continue to update the input settings data so that the activity matches the current volatility and deposit opportunities for opening positions. It is also possible to adjust all the values yourself without using auto-tuning.
Instruction - https://www.mql5.com/en/blogs/post/749927
Advantages:
- ARM can set variables itself, you only need to select the desired risk level
- Can restore individual Expert Advisors or orders opened manually
- Can be used to automate tracking, averaging and closing manually opened orders as a tracking system
- Able to turn off other advisers and work in drawdown standby mode
- Has no unnecessary settings and is easy to run with a huge automated functionality
How to run an adviser:
If ARM will be launched to accompany another EA - place them on the same terminal or VPS. If you will launch the Expert Advisor during a drawdown, test the risk modes in advance, before connecting ARM in standby mode.
Before starting, add an adviser to the chart - it will calculate the settings. Next, these settings need to be launched in the strategy tester, see how the adviser works in the selected settings, in order to, if necessary, make a final risk adjustment before launching.
Important nuances:
- If you use locking, it is better to disable other advisers.
- Before launching ARM, it is better to read my recommendations and test the EA. ARM adjusts the risks itself - data on the current settings is displayed on the Expert Advisor panel.
- For testing with automatic tuning, it is better to use the H1 timeframe. ARM uses volatility indicators from the H1 timeframe to automatically calculate the step.
Testing:
For testing, run the tester in the "Visualization" mode.
Open orders using the ARM panel for the EA to restore them.
To test the drawdown, set its value in the input variables and open orders using the panel, when the drawdown reaches the specified one, ARM will start recovery.
Test different risk modes before running in real work.
It is advisable to start using a demo account in order to understand all the nuances of the product.
If you have any questions about the settings - do not hesitate to write to me, I will definitely tell you.
I love this EA and has become a firm favourite, however be warned if you want it to work in different ways then it simply wont. Eg turn off buy and sell! NOPE it will keep on trading. Play with ARM magic numbers & delete comment. ARM wont recognise it's own deals and you'll get wiped out on commission as it WILL open close open close until you see what's happening. Sounds like I'm putting it down. Nope I still love it, just be warned it has some issues.
Nothing is perfect, but it is beautiful X
Well worth the asking price, Happy :)
Update! I think it continues to make deals once the cycle has started. If not then it wont. To change or reset cycle I'm assuming start fresh window with new parameters & magic number.