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Loss Recovery 3 MT4

3.5

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.


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.
  • To enable News Filter, Visit How to Setup News Filter.



Versions :



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Recensioni 2
aworex
1722
aworex 2022.06.29 05:52 
 

I use this EA for trades in solid trends in higher timeframes, as it can handle all orders with a display of what's going on on your account. A well-written EA with various options.

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Welcome to the world of next-generation investments with our unique trading robot for gold on the MetaTrader platform! Our proprietary developments represent the pinnacle of advanced data analysis computational platforms in the world of trading. One Gold EA is a genuine smart algorithm, operating at a level beyond human traders' reach. Its unique method is based on the principles of a neuroscanner and advanced technologies in neural networks, EA is capable of analyzing historical and current dat
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Lo Thi Mai Loan
5 (2)
Promozione di lancio: SCONTO DEL 30%! Ci sono solo 3 vendite rimaste da acquistare al prezzo attuale. Prezzo successivo: $1033 Ricevi gratuitamente il US30 Scalper EA e il Quantum Algo EA -> contattami dopo l'acquisto Live signal: https://www.mql5.com/en/signals/2220190?source=Site+Profile+Seller Prop Signal:  https://www.mql5.com/en/signals/2223219?source=Site+Signals+Profile+From+Author MT5:  https://www.mql5.com/en/market/product/116010?source=Site+Market+Product+Page Storico delle transazio
TopBottomEA
lizhi fu
4.8 (54)
TopBottomEA's advantage: the first support for small capital work EA, real trading for more than 4 years; this EA based on volatility adaptive mechanism, only one single at a time, each single with a stop-loss, an average of about 4 orders per day, holding a single length of 12 hours or so, with a limit of $ 20 principal challenge backtesting ran through more than 10 years. Every interval of three days to increase the price of $ 100, the price process: 998 --> 1098 --> 1198...... Up to the targ
FXMachine
Alexander Kozachuk
4.75 (12)
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Thi Thu Ha Hoang
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Marco Solito
4.78 (58)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for Scalping Trading on Eurusd . This Expert Advisor is based on the latest generation of algorithm and is highly customizable to suit your trading needs.  If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated algorithm  that allows it to identify and follow market trends .
Bitcoin Scalp Pro
Profalgo Limited
5 (2)
Promo attuale: Solo 1 rimasto a 349$ Prezzo finale: 999$ Assicurati di dare un'occhiata al nostro "   pacchetto combinato Ultimate EA   " nel nostro   blog promozionale   !   NOVITÀ:   ora supporta anche Ethereum! Bitcoin Scalp Pro è un sistema di trading unico sul mercato.  È completamente focalizzato sullo sfruttamento della volatilità del mercato Bitcoin scambiando i breakout dei livelli di supporto e resistenza. L'attenzione dell'EA si trova sulla sicurezza, che si traduce in prelievi e
Supply Demand EA ProBot
Georgios Kalomoiropoulos
Un consulente completamente automatizzato basato sui principi della domanda e dell'offerta . Per la prima volta offriamo consulenti di domanda e offerta completamente automatizzati . Il trading è diventato più semplice e ora hai il pieno controllo sulla tua strategia di trading. Utilizza un comodo pannello di controllo grafico. Ottieni un software di trading algoritmico di altissima qualità con oltre 15.000 righe di codice. Guida alla domanda e all'offerta di EA Probot Il modo migliore per c
HFT Prop EA
Manpreet Singh
4.95 (252)
HFT PROP EA is the High Frequency Trading Expert Advisor (EA/bot) designed to pass proprietary trading firms (prop firms) challenges which use stop orders to enter the trades when market is trending, It is basically designed for US30 just at opening of US30 in New York Session till it remain in its trending nature for 15-30 minutes, and using HFT PROP EA you can pass the challenge within few minutes for prop firms who doesn't have any lot size cap. Special benefit for buyers who share their re
Tiger Trade Pro
Soraya Bahlekeh
5 (7)
Prezzo originale $269 → Sconto del 50% solo $129 Risultati Live :   link in Bio Tiger Trade Pro - La tua chiave per un trading sicuro! Tiger Trade Pro è un EA reale e costantemente redditizio che utilizza il sistema Scalp-Trend e presenta un rischio molto favorevole rispetto ad altri EA simili. Questo EA offre impostazioni semplici e avanzate per adattarsi al tuo stile di trading. Impostazioni personalizzate:  Che tu preferisca la semplicità o i controlli avanzati, Tiger Trade Pro ti copre
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Loss Recovery 2 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. Trading Strategy: Loss Recover2 EA try to close wrong positions without any loss (Recover Wrong Positions), by using Zone Recovery method and without using martingale methods. Anytime price exits from zone, EA will close basket
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Kyra Nickaline Watson-gordon
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Kyra Nickaline Watson-gordon
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Kyra Nickaline Watson-gordon
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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 /
OneClick Auto Close MT5
Kyra Nickaline Watson-gordon
5 (1)
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 /
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Kyra Nickaline Watson-gordon
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Kyra Nickaline Watson-gordon
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Kyra Nickaline Watson-gordon
4.67 (3)
Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) This is Free Version and can be used on Demo accounts only. Use the Full Version for real trading. Specifications :     Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying     Copy from netting to hedge and hedge to netting is supported.     Fast and instant copy     All settings are input visually.     Easy modifying symbol
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Smart Copy Local Free MT4
Kyra Nickaline Watson-gordon
5 (3)
Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) This is Free Version and can be used on Demo accounts only. Use the Full Version for real trading. Specifications :     Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying     Copy from netting to hedge and hedge to netting is supported.     Fast and instant copy     All settings are input visually.     Easy modifying symbol
FREE
Triangular EA MT4
Kyra Nickaline Watson-gordon
1 (1)
Note: MT4 Backtest cannot test EAs that trades with several symbols simultaneously. For backtest use MT5 versions download here . Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. If you are not familiar with arbitrage trading, It is recommended to use our other trading robots . Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to
Triangular EA Limited MT4
Kyra Nickaline Watson-gordon
1 (2)
Note: MT4 Backtest cannot test EAs that trades with several symbols simultaneously. For backtest use MT5 versions download here . Note : Limited version can trade with the volume less than 0.05 lots. Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. If you are not familiar with arbitrage trading, It is recommended to use our other trading robots . Strategy : EA will place trades based o
VPO Profile MT4
Kyra Nickaline Watson-gordon
5 (2)
Definition : VPO is a Volume Price Opportunity. Instead of using bars or candles with an Open, High, Low, and Close price, each "bar" in a Market Profile is represented by horizontal bars against the price It is called Market Profile terminology. In other words volume-price-opportunity (VPO) profiles are histograms of how many volumes were traded at each price within the span of the profile. By using a VPO chart, you are able to analyze the amount of trading activity, based on volume, for eac
TPO Profile MT4
Kyra Nickaline Watson-gordon
5 (1)
Definition : TPO is a Time Price Opportunity. Instead of using bars or candles with an Open, High, Low, and Close price, each "bar" in a Market Profile is represented by horizontal bars against the price It is called Market Profile terminology. In other words time-price-opportunity (TPO) profiles are histograms of how much time was spent at each price within the span of the profile. By using a TPO chart, you are able to analyze the amount of trading activity, based on time, for each price lev
Filtro:
aworex
1722
aworex 2022.06.29 05:52 
 

I use this EA for trades in solid trends in higher timeframes, as it can handle all orders with a display of what's going on on your account. A well-written EA with various options.

Stephen Sartain
252
Stephen Sartain 2022.05.09 04:54 
 

I tried to use it but found it very confusing, not enough setup ( hardly any) information, or even whether one could simply add it to a graph and leave it get on with it .. The majority of traders would like to do just that, it anything a speed 1-10 selection, a comments section for add to trades, things like that, but this is a lot of variables, half of which I have no opinion on, do I want ATR to choose, what is 2000 to wait for, etc, its totally not able to be trusted by me and I would rather close the trades then faf around, with a risk of everything getting worse - NOT because the bot is no good - but I don't understand all the blooming settings, half of which should be internal settings and not seen by anyone other than the programmer, as only the programmer would really need to fiddle with those. Hide about 80% of your DO NOT CHANGE options and provide a lot more information of what it all means please .. Sorry to complain, but I cannot risk an account with $1000s in it for a few $100 I may have lost, unless I can simply plop that thing down on a graph and have it do its thing. Kind Regards, Steve.

Kyra Nickaline Watson-gordon
47812
Risposta dello sviluppatore Kyra Nickaline Watson-gordon 2022.05.09 07:14
The EA is designed user friendly, Easy-to-Use features and all techniques are known for all traders.
You must customize the settings based on your strategy and your knowledge. This is a robot and not a Magic. Robots will work based on your commands (your settings).
I am the developer of this product and my responsibility is to support all clients. If you have a doubt, you can ask me to help you.
Rispondi alla recensione
Versione 2.0 2024.05.28
Added new selection mode : "Multiple Positions With Defined Tickets"
News resource changed to ForexFactory
Versione 1.6 2023.02.14
Added option Enable/Disable FIFO closing rules
Faster Closing of orders.
Versione 1.5 2022.04.22
Added options for notifications and popup alerts
Added more options to close chart feature
Versione 1.4 2022.02.19
- Added Start Recovery option based on Loss Amount
- Update due to change of news address from http to https
Change the address of webrequest on terminal settings to https://ec.forexprostools.com/
Versione 1.3 2021.11.03
Added Max Spread Control.
Versione 1.2 2021.09.18
Added
- commissions and swaps for profit calculation (optional).
- Colored arrows shows on real trading chart to demonstrate entry and exit points
Versione 1.1 2021.03.27
- Added Distance Based on ATR.
- Added Close Charts Option on Recovery Start.