Spready DoubleRecovery MT4

Spready DoubleRecovery is a fully automated multi-currency forex robot designed to capture strong trend opportunities across multiple currency pairs. The EA follows a disciplined trading approach by opening trades only when specific market conditions are detected.

The system combines trend-following entries with an intelligent recovery mechanism that aims to recover previous losses through subsequent trading opportunities. It monitors and tries to detect the best possible next trade from several currency pairs; so there is a very high possibility to recover losses from previous trades. 

Based on the recent Live trading history, the strategy has demonstrated the ability to recover from periods of consecutive losing trades while maintaining a structured risk management approach. Spready DoubleRecovery is suitable for both prop-firm-style trading and personal trading accounts, allowing users to choose between lower-risk and higher-growth configurations according to their trading objectives.

The EA is continuously improved, and all future updates are provided free of charge to existing users.

[information will be updated within next 1-2 days]

Exclusive Feature:

• Trades 28 forex pairs from 1 chart
• RISK : REWARD = 1:1 Per Trade

• Trend following EA (trend is friend for trading)
• Only 1 trade at a time 
• Plug-N-Play : No optimization required, No set file required
• Every trade has SL and TP which some Prop firm requires
• Order closes based on hidden stop loss to avoid manipulation by broker
• Hard Stop Loss if hidden stop loss misses
• Daily and Account level Max Drawdown/Profit settings available for safety
• Built in Spread control, no trade if the spread is too high
• New trade only between 2:00-22:00 everyday and all trade closes at 23:30 (broker server time)

• If News filter is enabled the following will happen;
• It will not open any new trade before 25 minute of Major news
• It will not open any new trade after 5 minute of Major news
• It will close all open trade before 5 minute of Major news
• If you want to activate news filter then you have to add the following link as WebRequest 
• https://www.forxanalytics.com/calendar/

• No Grid
• No Averaging
• No Hedging

• Pairs : 1-28 Pairs (user can choose how many pairs, by default it is 28)
• Forex pair listed on the EA, has to be exactly same with the Forex Broker; but you can choose which pair you want to trade.
• Timeframe: M1
• Minimum trade risk per order : 5$ with 1000$ initial balance for low risk settings, for high risk it is 20$
• Leverage: 1:100 or higher for small initial balance (1:500 or higher is recommended)
• Recommended Initial Balance : 1000$ for all 28 pairs
• Type of account: Any type but Standard account is recommended (without any commission)
• Recommended Forex broker which server time is UTC/GMT +2-3 (most MT4/MT5 server time is UTC+2)

Recommended Input Settings:

Based on the recent live trading the following setting is recommended

Settings is based on 1000$ initial balance

• Low risk = Profit/Risk per trade = 0.5% (05$), Average Monthly Profit = 15% (150$)
• Medium risk = Profit/Risk per trade = 1%,(10$) Average Monthly Profit = 30%( 300$)
• High risk = Profit/Risk per trade = 2%,(20$) Average Monthly Profit = 60% (600$)

Open EURUSD 1M chart and connect the EA. Type 5$ for target per trade and start the EA. It is recommended to add WebRequest and Enable News filter. After 1 week of trading then increate risk or profit.

About Back Test:

This is a multicurrency forex robot but there will be only 1 trade at a time, so, it is difficult to get an idea how this EA will work based on back test. You have to do back test for all pairs together which is not possible in MT4. But you can back test the MT5 version.