• Overview
  • Reviews (1)
  • Comments (6)

Recovery Algorithm

If you want to be successful, it is necessary that you follow these two rules:

  1. You need to understand exactly how the algorithm works. Calculate the exact proportion with your TP, SL, Recovery/Hedge zone and the multiplication factor.
  2. Everything must be mathematically correct so that the algorithm makes you come out in favor even if you make a wrong turn in the market. The only phases of "Market Ranges" are really avoided, as to be able to close trades we need volatility. The risk would be to stay too long ranging phase. These ranging phases are dangerous if you are using a multiplication factor of 1.5x with a TP ratio smaller than 1/3. In a case like this, you better either take this loss intelligently, or limit the number of reverse trades, or simply cut the next stop order so that no more reverse order assets. All this, of course, combined with a smart money management.


EA Description

You open a manual trade of 1 lot with a TP 40 pips and SL 20 pips for example. Then the Recovery algorithm will need a Recovery/Hedge zone of ​​20 pips and for manual trade TP 40 pips, SL 60 pips + spread 2 pips= 62 pips. So the algorithm will automatically place a stop order in the opposite direction of the manual trade, with the same TP 40 pips and SL 62 pips, for that the mathematical proportions are correct.

In addition, it will use an x2 multiplier. With a Smart management you are the winner of this Trade. With a 1.5x factor, you would have a loss of 2 pips. But if you use a 1/3 ratio for your trades, with a multiplier of only 1.5x, this will give with 1 lot: Recovery zone 20 pips, trade manual TP 60 pips. If the TP is hit, it will be 600. But if it goes to the other side and touches the stop order reverse and TP, this will make you a loss of -800; a profit of +900 and thus a net difference of +100. If this description seems unconvincing, but you are interested and want to understand how my algorithm works, I invite you to see my screenshot.

The Recovery Zone is clearly explained. It is in this way that my mathematical Recovery Algorithm works. Best to use on a VPS.


Parameters

  • Only chart symbol - True (the EA will work in the selected currency pair on 1 chart and 1 trade). If false the EA will work on all open trades with the same settings but only one trade per currency pair will be possible. 
  • Max Slippage (in points) - default 3.
  • Alert &Sound on open and close - if true you will have a popup alert with a sound alert.
  • Hedge Distance pips - 30 pips default (this is the recovery zone).
  • Hedge lot multiplication - 1 default (best is 1.5, 2, 2.5 or more with your own risk management).
  • Max reverse enabled - True/false. 
  • Max reverse after manual entry - 5 if true the EA will open max 5 reverse trade after the manual trade and not more. 
  • Manual: take profit in pips - 60 default max pips win.
  • Manual: stop loss in pips – 90 default max lose pips.
  • Reverse: take profit in pips – max pips win 60 default.
  • Reverse: stop loss in pips - 90 default. 
  • Trailing stop enabled - if true the EA will move the stop loss from the manual trade to the current price to lock profits. 
  • Open trading session - must be 0.
  • Close trading session - must be 2359.


Author

Sami Derti is a passionate trader that have studied different trading courses with success and have been a student trader for more than 6 years to finally become a professional trader.

Reviews 1
Carlos Andres Perez Lezama
178
Carlos Andres Perez Lezama 2018.09.04 17:23 
 

An excellent tool that helps you get benefits even if the price goes against you, the idea is to have a good risk management and avoid the times when the market is in range, I recommend using TF 1H.

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⭐   ⭐   ⭐   ⭐   ⭐   Dream Scalper is a scalping EA whose signals are determined on price rollbacks from support / resistance levels, using the principle of probability theory. The main advantage of this algorithm is that the EA finds such signals at which the price will continuously go either to stop loss or to profit by trailing stop. Since the profit is not fixed according to the standard settings, profitable trades are closed at a ratio of 2: 1, 3: 1 in relation to the stop loss. Recommen
399 USD
White Peaks MT4
Evgenii Golovanets
Price: $499 only 7 of 10 copies left at this price Next price $599 WP EA shows best performance with  IC Markets (click to register)   Live Monitoring #1   https://www.mql5.com/ru/signals/814806 Live Monitoring #2  https://www.mql5.com/en/signals/823039 If you want to test Expert Adviser correctly, please test Metatrader 5 version of product, only MT5 version can be tested correctly in multi pairs mode White Peaks Expert Advisor  is a fully automated night scalper EA, based on machine learning 
499 USD
Friday Monday
Konstantin Kulikov
ONLY 10/20 COPIES AVAILABLE AT 280$ NEXT PRICE -> 380$ This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account:   https://www.mql5.com/en/signals/395124   . Therefore, as an alternative or addition to t
280 USD
SFE Bitcoin MT4
Joel Juanpere
The EA use several systems focused on the Bitcoin / USD symbol. The launching price of the EA is 600$ until October 18. After, the price will be 900$ Any doubt or more information, you are invited you to join to the telegram group of the sfe users community. Telegram Community Group:   https://t.me/sfecommunity Signal https://www.mql5.com/en/signals/835278   Live setup The EA is very easy to setup, and can be used with the default parameters. Only parameters related with the GMT of the br
900 USD
GOLD EAgle mt4
Evgenii Aksenov
⭐   ⭐   ⭐   ⭐   ⭐  LAST WEEK PROMO PRICE!!!   🏃   🏃   🏃   This GOLD EAgle is created for the XAUUSD (GOLD). This is a trend strategy that uses the TrendLine PRO indicator and trades on the M1-M15 timeframes The EA has a mobile trading panel for managing auto-trading functions and the ability to open trades manually. All trades opened by the trader in manual mode will be closed with a profit using the DD Reduce Functions settings We can say that the task of the EA is to bring any trade to p
125 USD
Rhino Scalper EA
Evgenii Golovanets
LAUNCH PRICE 299$ 6 of 10 copies left for this price Next price:    $399 Rhino Scalper EA shows best performance with  IC Markets (click to register)   Live signal #1  https://www.mql5.com/ru/signals/843328 Live signal #2  https://www.mql5.com/ru/signals/843361 Rhino Scalper EA  is a fully automated night scalper EA , which implements convenient features to perform portfolio scalping with the ability to widely diversify trading risks. This Forex robot trades one deal at a time, always uses SL t
299 USD
NSP Moses Go NZDCAD
Boris Sklyaruk
Advisor for constant stable income with minimal risks.  The adviser 2 trading strategies. 1 strategy: Trading is based on trend movements, positions are opened based on the strength of the trend and based on the data of two user indicators and trading volumes according to the author’s formula. Series of positions have a common take profit, which is based on the statistics of trend movements of this trading instrument and have a limit on the number and return the swap paid on transacti
250 USD
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Carlos Andres Perez Lezama
178
Carlos Andres Perez Lezama 2018.09.04 17:23 
 

An excellent tool that helps you get benefits even if the price goes against you, the idea is to have a good risk management and avoid the times when the market is in range, I recommend using TF 1H.

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