The TSO Order Recovery Expert Advisor provides a well-known and proven method of covering the losses of open positions through hedging.
- It uses all the tools of the TSO Signal Builder Expert Advisor – almost endless entry/exit strategies
- Add Negative Management to any strategy to eliminate losing trades.
- Pending orders are not placed
- You can work with any account size – we recommend a minimum of $ 1000.
- Works on any currency pair
- There is a possibility of flexible configuration (the default strategy is added for demonstration purposes)
The Order Recovery system detects a losing position and opens the opposite position with a large volume at a fixed distance from the original transaction, creating a zone in which the loss is limited. This creates two scenarios:
This process continues, and new positions are opened every time the price changes direction and passes the boundaries of the zone, until one of the goals is reached.
A more detailed description of all the functions of this Expert Advisor can be found in the User Guide.
If for some reason the Expert Advisor is unexpectedly disabled, it can be restarted, if the properties of the Expert Advisor have not been changed. After that, it will continue to work normally, taking into account the previous orders it created. This feature was only added to cover unforeseen circumstances. This Expert Advisor can hold positions from a few hours to several weeks, so it should be launched during this entire period. You can run it on a computer if you can run it permanently, but we strongly recommend using a VPS server.
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If for some reason the Expert Advisor is unexpectedly disabled, it can be restarted, if the properties of the Expert Advisor have not been changed. After that, it will continue to work normally, taking into account the previous orders it created. This feature was only added to cover unforeseen circumstances. This Expert Advisor can hold positions from a few hours to several weeks, so it should be launched during this entire period. You can run it on a computer if you can run it permanently, but we strongly recommend using a VPS server.
Leave your feedback in the “Discussion” section to improve this Expert Advisor.
- Close All Positions: All positions will be closed, and the current order recovery cycle will be completed when the specified floating loss is reached.
- Reduce Positions: as soon as the specified floating loss is reached, the system will stop opening new positions at the zone boundaries, but the last position will be closed after reaching the opposite boundary.
- Disable: disable
- Percentage: Floating loss as a percentage of the current balance.
- Money: floating loss in monetary terms.
- Account balance – account balance
- Current profit
- Current lots – current lot
- Max lots – maximum lot
- Max drawdown % – maximum drawdown
- Spread – spread
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