Loss Recover2 MT5
Loss Recovery2 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 close your position without using dangerous martingale/Averaging methods.
Loss Recover2 EA try to close wrong positions without any loss and without any profit (Recover Wrong Positions), by using Zone Recovery method and without using martingale methods. Anytime price exit from zone, EA will close basket of trades without loss. The zone can be with fixed height or with increasing height. Also there is some options for volume increasing.
The EA is very simple and without complicated input parameters. There are main parameters must be set:
- EA Action:
- Single Position With Specified Ticket : EA recover only in-loss position with ticket that specified in "In-Loss Position Ticket" field.
- All Positions With Loss Greater Than Specified Value : EA recover all positions with loss greater than "Distance to Start" field.
- All Positions On Current Chart : EA recover all positions with symbol equal to attached chart and loss greater than " Distance to Start" field.
- In-Loss Position Ticket [If Action=Single] : Ticket of existing wrong position.
- Distance To Add Each Step (Extending Zone Height) : Amount of Points You Want to Add to Zone Height on Each Step. Enter 0 for Fixed Zone Height.
- Volume Mode: Add or Multiply Options. Volume Settings on Each Step.
- Volume to Add: Lots to Add on Each Step (If Volume Mode=Add)
- Volume Multiplier: Multiplier to Last Volume (If Volume Mode=Multiply)
- TP Total : Total Take Profit of Basket of Trades. Enter 0 if you want to only recover losses without profit.
- Show Panel : Option to Enable/Disable Live Reporting Panel on Chart.
For testing the EA you must enter a position information in wrong direction. The EA open a position at time and volume and direction you entered and then start managing drawdown. Make sure that after position opened, market move in wrong direction.
- EA Action: Set to "Testing Mode"
- TESTER Wrong Position Time:
- The time for inserting 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.
Other Versions :
Shortcut Group is ready to help you about using the EA, Please don't hesitate to contact me.Visit our other useful utilities and experts here.
Loss Recovery1 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 close your position without using dangerous martingale /Averaging methods. Trading Strategy: Loss Recover1 EA try to close wrong positions without any loss and without any profit (Recover Wrong Positions), by using mathematical methods and without using martingale methods. This EA places some positions in opp
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