ok thanks.

kindly check your PM.

Hi Mike

I have been doing some tests and sometimes the recovery algorith take 2 o more weeks to end the trade in some profint o break even

I am wondering if you can add in the new update version that is coming up the followin features:

1. true or false: take profits the first trade in u$s instead of pips (or both) por example U$S 150.00

2. True or false : posibility to end all the recovery trades in a exact U$S amount (like U$S 50,00) and then all recovery trades closes automatically

Also you mention that the new version will have the posibility to enter the first trade whit other Ea...So will be perfect if you can combine thses features as well

Thank you

Hi FX Cabin,

I saw you are planning to come up with the next release and the change you promised within the next two weeks.

But anyway after I bought your EA I wanted to test it but it does not open the initial trade although the price was hit (AUDNZD sell at 1.0415, BiD reached 1.1418 a couple of time see red arrow on the attached charge). I attached a chart with all the setting for the EA. Can you check please, what went wrong?

Many thanks, Blackriver

Hello,

Im trying to attach the expert advisor to the chart after buying it.

But it doesn´t work. What´s wrong?

I've already looked in the tools options.

Kind regards. 

Hi, please send me a private message with

-more details regarding what exactly is the problem (it doesn't work does not help understand the issue)

-screenshots of (the parameters you are using,journal tab, experts tab, chart with EA)

Thank you

Hi Mike

Do you have any idea when you will release the new version?

Thank you

Regards 

I am on it buddy.

Hopefully will get it done by Monday and then have to wait metaquotes to review it.

Thank you

Updates

Hi guys.

I was unable to work during the weekend as the market is closed (silly me) and was not able to test how the EA reacts to an existing trade.

Nevertheless I have added the function to manage existing trade (either from EA or Manual trade)

I have then tried to figure out a way (formula) to determine lot size for when the user determines an exact amount in money for recovering trades. I have figured out this formula and I am now working on writing the code that achieves that.

Thank you

Mike

Dear all

I have now updated the EA and submitted it for review. I am waiting for Metaquotes to approve it.

Some of the main new features.

-Ability for trades to opened by an external EA , or manual trades to be recovered by the Loss Recovery EA
-Second Chance mode that puts more weight in the initial trade giving it more chance to avoid falling into recovery zone
-Ability to trail the exit points increasing the potential trades without increasing risk

-Ability to determine the profits after recovery as a fixed amount.

In addition to this I have created a detailed manual ,with frequently asked questions as well as an excel calculator for estimating what your future lot size may be, and how the profits are likely to be after recovery.  If you are interested in seeing these tools then send me a private message , skype (fylaxtas), email (m.phylactou@gmail.com) and I will send them to you.

In addition I have found how to use this EA with smaller accounts under 1000 USD. Please send me private message to explain you how.

After the new version is released I will likely increase the price after a couple of day.

Thank you

Mike

Mike , I must receive the tools to and recovery and other information.

More information for account below 500.00

alemparaiso@hotmail.com

Hello guys

The new version that  supports recovering trades opened by external ea/manual trade is now out.

To get the manual and the Lots /Risk Calculator Excel contact me.

Also if you want to use it with lot sizes 0.01 or with less than 1000 USD contact me to tell you how to achieve this efficiently

skype :fylaxtas

email:m.phylactou@gmail.com

www.theforexcabin.com

Mike

Hi,

"Ability for trades to opened by an external EA , or manual trades to be recovered by the Loss Recovery EA " It would be great if it work not only with trades but with orders opened by external EA as well.Now if LRT see order(not trade) with the same magic number LRT EA delete it (instead of waiting for order to become trade and than handle it ).

By the way the ability of recovering  trades opened by an external EA is not properely working(true flag).LRT identifies trade with the same magic number but do not open next oder(sellstop or buystop) with expected trade volume (lot).

Regards. 

Hi Storkee.

I am afraid it does not work with orders. I did not consider about orders. I will fix it next time. It deletes it because it assumes all trades have been recovered and hence the remaining order needs to be deleted.

Regarding your second question, it is possible that Enable_Second_Chance is active which implies , the 2nd trade will be an instant trade, which if also moves against you then the stop order gets placed. Please send me personal message if you still have issues.

Mike