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Michalis Phylactou  

Hi guys

I am happy to release and MT5 version of the Loss Recovery Trader after all the great comments and  feedback MT4 version had. 


Please leave comments of whatever you want to see in it.

Duminda Athapaththu  

Dear Michalis

I am a new to forex trading.  Alredy purchased your product. I have a ECN account with low spreds. Can you send me the best recommended settings for EURUSD $100 account.

Thanks

Duminda

Michalis Phylactou  
Duminda Athapaththu:

Dear Michalis

I am a new to forex trading.  Alredy purchased your product. I have a ECN account with low spreds. Can you send me the best recommended settings for EURUSD $100 account.

Thanks

Duminda

Hello

Please send me a private message.

Thank you

Duminda Athapaththu  
Michalis Phylactou:

Hello

Please send me a private message.

Thank you

Thanks

Duminda Athapaththu  
Michalis Phylactou:

Hello

Please send me a private message.

Thank you

Dear Micahalis

I did send you a friend request. Once its confirm i will send you Private message.

In case you can send me a email dumindapa@gmail.com

Thanks

Michalis Phylactou  
Duminda Athapaththu:

Dear Micahalis

I did send you a friend request. Once its confirm i will send you Private message.

In case you can send me a email dumindapa@gmail.com

Thanks

Ok Accepted

Duminda Athapaththu  
Michalis Phylactou:

Ok Accepted

Dear Michalis

MY system is window 10 and MT5 using chrome. Still i was unable to send you private message. I tried real hard. Its highly appriciated if you can send me a email. thanks. Will continue to try to send you Private message

Thanks

My account type Forextime ECN which has 1 to 1000 levarage. Spreds from 0.1. 5 degit trading. need setting for 100 USD initial deposit

My email is dumindapa@gmail.com

Regards

Duminda

Michalis Phylactou  
Duminda Athapaththu:

Dear Michalis

MY system is window 10 and MT5 using chrome. Still i was unable to send you private message. I tried real hard. Its highly appriciated if you can send me a email. thanks. Will continue to try to send you Private message

Thanks

My account type Forextime ECN which has 1 to 1000 levarage. Spreds from 0.1. 5 degit trading. need setting for 100 USD initial deposit

My email is dumindapa@gmail.com

Regards

Duminda

Hello

I had sent you a private message. Probably it has not been received. 

I will send you an email.

Thank you

Duminda Athapaththu  
Michalis Phylactou:

Hello

I had sent you a private message. Probably it has not been received. 

I will send you an email.

Thank you

Thanks 

I got your email and doing testing on demo account

Thank you

Duminda Athapaththu  

Dear Michalis

Your EA really works. This is the only EA i found working in the market. Any one who need to buy this must test this with the demo account before going to real account due to following reasons.

1. Spread is different. Spread have direct impact on Exit zone

2. Instrument type (pip calculations)

3. Market Volatility - you should not trade when price reach the support area. Support area will let system to open more trades to both the directions. So Exit zone size must be larger than the M1 support area width. This you need to learn.

4 Daily and hourly Fluctuations. Ideally Exit Long and Exit Short Zone area size should be withing 1 hour fluctuation. Otherwise it will tale lot of time to settle the trade.

5 Understanding account size requirement.

Finally i have few request from Michalis.

1 System dons not work perfectly on MQL5 VPS server. sometimes it will not make buy stop or sell stop trades Or it will do 2 to 3 steps and will not follow balance steps. I have VPS on real account. so when this happens i used your lot calculations manually and managed to recover losses. Please make improvements on this.

2 Introduce a system to avoide support area. This will be important In manual Trading. So if there is a alarm we can avoid it. 

3. Please introduce Double trader for loss recovery trader in to MT5 platform. This may need a entry to Firt Trade mode of the MT5 version. 

I am working on a forextime ECN account. 

Thanks for the great EA development. I am going to rate this as 5star. Keep on improving this.

Thanks Again

Duminda

** my private messeges are not working. Still i dont undestands the reason

Michalis Phylactou  
Duminda Athapaththu:

Dear Michalis

Your EA really works. This is the only EA i found working in the market. Any one who need to buy this must test this with the demo account before going to real account due to following reasons.

1. Spread is different. Spread have direct impact on Exit zone

2. Instrument type (pip calculations)

3. Market Volatility - you should not trade when price reach the support area. Support area will let system to open more trades to both the directions. So Exit zone size must be larger than the M1 support area width. This you need to learn.

4 Daily and hourly Fluctuations. Ideally Exit Long and Exit Short Zone area size should be withing 1 hour fluctuation. Otherwise it will tale lot of time to settle the trade.

5 Understanding account size requirement.

Finally i have few request from Michalis.

1 System dons not work perfectly on MQL5 VPS server. sometimes it will not make buy stop or sell stop trades Or it will do 2 to 3 steps and will not follow balance steps. I have VPS on real account. so when this happens i used your lot calculations manually and managed to recover losses. Please make improvements on this.

2 Introduce a system to avoide support area. This will be important In manual Trading. So if there is a alarm we can avoid it. 

3. Please introduce Double trader for loss recovery trader in to MT5 platform. This may need a entry to Firt Trade mode of the MT5 version. 

I am working on a forextime ECN account. 

Thanks for the great EA development. I am going to rate this as 5star. Keep on improving this.

Thanks Again

Duminda

** my private messeges are not working. Still i dont undestands the reason

Thank you

I will reply via email.

Duminda Athapaththu  
Michalis Phylactou:

Thank you

I will reply via email.

Dear Michalis

I got your email and thanks for that. I sent you a detailed reply.

Thanks Again

Duminda

Duminda Athapaththu  
Duminda Athapaththu:

Dear Michalis

Your EA really works. This is the only EA i found working in the market. Any one who need to buy this must test this with the demo account before going to real account due to following reasons.

1. Spread is different. Spread have direct impact on Exit zone

2. Instrument type (pip calculations)

3. Market Volatility - you should not trade when price reach the support area. Support area will let system to open more trades to both the directions. So Exit zone size must be larger than the M1 support area width. This you need to learn.

4 Daily and hourly Fluctuations. Ideally Exit Long and Exit Short Zone area size should be withing 1 hour fluctuation. Otherwise it will tale lot of time to settle the trade.

5 Understanding account size requirement.

Finally i have few request from Michalis.

1 System dons not work perfectly on MQL5 VPS server. sometimes it will not make buy stop or sell stop trades Or it will do 2 to 3 steps and will not follow balance steps. I have VPS on real account. so when this happens i used your lot calculations manually and managed to recover losses. Please make improvements on this.

2 Introduce a system to avoide support area. This will be important In manual Trading. So if there is a alarm we can avoid it. 

3. Please introduce Double trader for loss recovery trader in to MT5 platform. This may need a entry to Firt Trade mode of the MT5 version. 

I am working on a forextime ECN account. 

Thanks for the great EA development. I am going to rate this as 5star. Keep on improving this.

Thanks Again

Duminda

** my private messeges are not working. Still i dont undestands the reason

Update

I was trying MQL5 VPS server from yesterday. I found it working without any problem. Its more than 24 hours now.

Thanks

Duminda

Dimitar Prodanov  
Hi Michalis !
If I bought the Loss Recovery Trader MT5 from you already can you make me a discount for buying the Loss Recovery Trader Premium MT4 Please ?
Thank you !
Raymondjongkind  

Dear Michalis,


I purchased this EA because I was searching for an EA who coald do this automatically for me. This one looks really promising and I don't want to sit behind my computer all the time and do it manually.

- Duminda mentioned it before. Sometimes it will not make buy stop or sell stop trades or it will do 2 to 3 steps and will not follow balance steps. I have no clue why he is doing that. But doing this job properly is basically why I bought this EA. He is doing that on a VPS but also on my normal PC. Can you please tell me why he is doing this? Is this a setting? Or is there an improved version?

- In the example, the lotsizes showed for the steps are way smaller then what the EA is using. The lotsizes increase so quickly that even when I come out of it, I have a nice profit. It takes risk that he shouldnt. Why is that?


Regards,

Raymond

Michalis Phylactou  
Raymondjongkind:

Dear Michalis,


I purchased this EA because I was searching for an EA who coald do this automatically for me. This one looks really promising and I don't want to sit behind my computer all the time and do it manually.

- Duminda mentioned it before. Sometimes it will not make buy stop or sell stop trades or it will do 2 to 3 steps and will not follow balance steps. I have no clue why he is doing that. But doing this job properly is basically why I bought this EA. He is doing that on a VPS but also on my normal PC. Can you please tell me why he is doing this? Is this a setting? Or is there an improved version?

- In the example, the lotsizes showed for the steps are way smaller then what the EA is using. The lotsizes increase so quickly that even when I come out of it, I have a nice profit. It takes risk that he shouldnt. Why is that?


Regards,

Raymond

Send me a private message

Darrell T  
Michalis Phylactou:

Hi guys

I am happy to release and MT5 version of the Loss Recovery Trader after all the great comments and  feedback MT4 version had. 


Please leave comments of whatever you want to see in it.

Hey Michalis, it seems that the E.A only backtests for a period of a month or so and cant go any longer. How do I backtest for as long as I need to, I got the paid version?

Michalis Phylactou  
Darrell T:

Hey Michalis, it seems that the E.A only backtests for a period of a month or so and cant go any longer. How do I backtest for as long as I need to, I got the paid version?

Must be your account /broker not having it downloaded 
Ron Ralf Glueck  

Hello Michalis,

i bought your EA.
Do you have special SET Files for XAUUSD?

Thank you...!

Michalis Phylactou  
Ron Glück #:

Hello Michalis,

i bought your EA.
Do you have special SET Files for XAUUSD?

Thank you...!

I have sent you a private message.
Thank you

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