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Smart Start MT4

I. Info - Information about all open trades on the account

II. Recovery

1. Recovery Mode - Select mode for splitting unprofitable trades (more orders = lower risk)

• Conservative - Every negative position gets split into 10 parts
• Moderate - Every negative position gets split into 5 parts
•  Orders - The user can set the # of positions for the negative order to be split into (0-100)

2. RDistance - Distance in points until the next order, if price moved against the original position

3. Fast start - Immediate start - Immediately start the recovery system

4. Start at % - Once negative floating DrawDown gets to a set % - the recovery system will initiate. After setting the desired % value, user has to press the “Running” button to launch the updates parameters

5. Running - Launch the parameters selected in settings 1-4

6. Stop - Stop or cancel the execution. If the recovery mode has not yet started = Stop button will cancel and reset settings 1-4. If the recovery mode already started = Stop button will cancel future order execution AFTER all the current orders have been closed.

7. Close R&L - Close recovery + locking orders

8. Close all - Close all orders

Manual for recovery system

• Select mode (conservative/moderate/orders)
• Select distance between orders (leave default for EURUSD)
• Press “Fast Start” or “Start at %” and then press “Running”
• If you need to change any recovery mode settings AFTER it was already initiated: press “stop”, change the settings, press “running”. If the recovery mode has not yet started trading - new settings will apply immediately. If the recovery mode already started trading - new settings will apply after the first split order is closed/recovered.

Recovery mode explained:

The recovery system remains inactive until drawdown on the account reaches a user defined % value - as specified in the interactive panel. Likewise it will remain inactive until the “Fast Start” button is pressed. Upon the initialization of recovery mode:

•   Deletes all pending orders
• Closes all profitable open positions
• Locks all negative positions
• The system begins to split each of the negative positions separately - in order to minimize deposit load and minimise risk
• The system not only recovers the floating losses, but also yields a small profit at every step of the “order splitting” which results in reduced deposit load, reduced risk AND it does not freeze the account during the recovery period

Thank you very much for providing the set file with the update