Loss Recovery Trader

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anyone have a manual?

Excellent product, it can really help your trading and avoid losses. Super fast and prompt support from Michalis, always the best!

Just started using this EA, but so far it's showing positive results. Many customizable features and smart functionality. Its great that i can use it as a stand alone EA or in-conjunction with one another EA. Take your time getting the settings you want and you could have a real winner here. I will update post with trading results in the future.

Author is a pleasure to work with and responds quickly.

very good ea .

transparent author. thanks for your help

This is a great EA that is working as intended! Easy to use and learn. Will help you control and manage the recovery of your losing trades.

I combine it with another EA that helps me enter trades (using Magic Numbers), and when those trades do not go into profit, LRT EA is setup to help recover the loss.

Be mindful of your margin requirements and I try to avoid parts moving sideways or consolidating.

Really recommend! Author is doing a great service.

good ea ,it saved my account and my ea. thank u .

I am not sure if Memon below even know how to use the EA. It is awesome indeed if you spend time reading the manual and understand how to use it to your own advantage. Nobody can spoonfeed you, especially since it's your own money. I advise you to study it carefully and develop your own strategy. I did, and enjoy LRT tremendously. The vendor's support is also awesome. He is very responsive to your needs. This is from my own experience. I highly recommend it.

I disagree with the review below. This isn't a holy grail, there's always risk involved in trading and no LRT/martingale methods are completely fool proof. This is a very comprehensive tool and it's far from a "complete waste of time and money". It does what its supposed to do very well if you take the time to understand it, the premium version even more so with many settings and options to customise. Michalis provides amazing ongoing support.

Excellent Tool. I use this together with a custom EA built by Michalis. Very few of my trades end up in need of being recovered, but when they the LRT takes care of things. You can follow my signal here:https://www.mql5.com/en/signals/338774

Michalis is a very professional seller that provides a high level of support. I can highly recommend the LRT to everyone that is serious about trading. Eliminate Stop-loss and start making profits!

One note though: it is not fire and forget, not one setting fits all pairs. Read the manual and educate yourself.

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I like this EA very much. It really does recovering for 100%. Support is very good.

I use to test with Live-accounts and the EA paid for itself.

/Eric

Recommended, five stars for sure. The EA works very good and is well programmed. Michalis is always fast with replies and offers good support. About the strategy of the EA: it works in volatile markets, but you should stay away from ranging markets, will eat up your account fast. If you make yourself familiar with this strategy (yesyes, spend some time...) and it suits you, this is one of the best EA's to apply it

bought the EA a while back because it fits in with my hedging theories. I just used it again and I must say it is well programmed and a good compliment to my basic BBSO robot. I would be careful with lot sizes and max lots , tending to be more conservative there ,as this Robot can build up large positions. The best aspect for me is the Bollinger entry . Bollinger has 5 ways to enter the market, the touch and go method ( built in this EA) works along with more complex entries that I personally use in my EAs. The author is obviously a good programmer and judging by the longevity of his product , quality control is very good. I am particularly fond of this algorithm and hedging preferring not to use stops myself . This product facilitates this technique .There are many combinations of entries and exits possible with this EA, so it is well worth investigating. Well done Michalis.

Excellent service that you will always feel somebody backing up you until you familiar with the ea. Needless to say an ea with great potential for consistent profit unlike the other ea such as grid and scalping. This ea offer you great risk management and adjustable desired monthly return if you hardworking enough to try the setting. Remember, great sword provided to a swordsman does not mean he will win the battle, it depend on the swordsman how to utilize the great sword. In this case this ea is definitely a great sword. Premium version is a must if you want to be god level swordsman.

Update

Great service as always, solved several issue and technical questions. EA seller possess strong knowledge on forex and MT4. Start profiting using the EA. He will be a long term partner on my trading journey.

The service provided is the best.

The programmer went way beyond my expectation to help me get started on existing trades.

I hope the product is a good as the service.

Please be aware, it's still a sort of Martingale under the hood, but this won't fail when it continues to go wrong in ONE direction. It will fail when the trend bounces back and forth and your settings are wrong for this particular situation. Also it risks only a fraction of your investment depending on your configuration, but with the wrong configuration it could risk all of your account. The tool is most effective when you use it on charts that don't like to change direction often and you need to take a lot of effort into fine-tuning this thing for every chart and time-frame.

Long time ago I came to the conclusion that it's better to accept a loss, because at the very end this EA just distributes the risk into that one time, where you are unlucky, so in other words it gives false positives of security. The most important thing is that you need to understand that when this EA starts to recover, you already failed, otherwise you cannot learn your lesson and improve on your trades in the future.

If you are aware of all that, this EA could support you, but please never wear rainbow glasses thinking you can mess up and it will be fine. Your biggest counter-part is your ego and it likes to trick you, especially when you see only profits in your performance when this EA was launched more than 50% of the times.

With each time this EA launches, there is a little chance that the trend will give you a big middle finger and pass through the recovery of this EA. So with each time this EA launches you failed and pulled the hedging wheel of Martingale.

Configuration is key. Try to trade good as if the recovery system isn't there, otherwise you cannot win, even with this EA when it comes to long term.

Trade safe and stay healthy!

Wonderful EA, it does what you want. Best Strategy for every trade. You win every time. Thank you

It is actually an amazing EA. If you can optimise the EA settings to suit your trading style, there is a lot of profits to be made. I used the rented version for three months and I was still satisfied with it by the end of that duration. I managed to create consistent results with it once I found the right setup.

After using it on a real account for a week i have to say that´s is a great product. Have no Losses. With the correct setup you will see how your account increases. The first days i tried differents setups and finally find the correct one.

It´s important to leave the EA work and do not touch anything. Dont close any position for yourselve. Let the EA do that. At the end you will see the profits.

It also important to setup correctly when the recovery starts and revoery exit. I´m using a different from the default, but i think the default settings are almost good for the principals currencies.

You only have to be patient and beware of the %risk you use. Patience is the secret. Dont pretend double your account in a week. Take it easy and you are going to make very goods profits.

Great support from Michalis also.

Thanks for all