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Loss Recovery 2 MT4

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  • EA Action :
    • Single Position With Specified Ticket (Order ID) : EA recover only in-loss position with ticket specified in “In-Loss Position Ticket” field.
    • All Positions On Account : EA recovers all positions with loss greater than “Distance to Start” field.
    • All Positions On Current Chart : EA recovers all positions with symbols equal to attached chart and loss greater than ” Distance to Start” field.
    • All Positions With Magic Number : EA recovers all positions with defined magic and loss greater than ” Distance to Start” field.
  • In-Loss Position Ticket (Order ID) [If Action=Single] : Ticket of existing wrong position specified in “In-Loss Position Magic” field.
  • In-Loss Position Magic : Magic Number of Positions you want to recover.
  • When to Start Recovery? Three Options : Fixed Points or ATR Points (Start recovery when specified DD in Points occur) / % of Balance (Start recovery when DD of Position is Greater than specified percent of balance.)
  • Distance to Start (Zone Height) : Distance in Points to start managing and recovering loss.
  • Distance to Start (ATR Multiplier) :  Distance in Points calculated based on ATR
  • Loss to Start: Loss on position to start managing and recovering loss. 
  • Extend Zone Height: Fixed Points / ATR / No Extend
  • 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.
  • ATR to Add Each Step : Zone Height will be added based on ATR
  • 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 (Break-Even) .
  • ATR Timeframe : ATR Timeframe for distance determination
  • ATR Period : Period of ATR
  • Show Panel : Option to Enable/Disable Live Reporting Panel on Chart.
  • Close Charts on Start of Recovery: Will close all other charts on recovery start to avoid placing/managing orders by other EAs.

[spoiler title=”Read More…”]

  • Single Position With Specified Ticket (Order ID) : EA recover only in-loss position with ticket specified in “In-Loss Position Ticket” field.
  • All Positions On Account : EA recovers all positions with loss greater than “Distance to Start” field.
  • All Positions On Current Chart : EA recovers all positions with symbols equal to attached chart and loss greater than ” Distance to Start” field.
  • All Positions With Magic Number : EA recovers all positions with defined magic and loss greater than ” Distance to Start” field.
  • EA Action: Set to “Testing Mode”
  • TESTER Wrong Position Time:
    • The time for inserting the 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
  • The time for inserting the 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.
  •     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.
  •     It is recommended to disable any trading operations by other EAs on recovery started positions.

Versions :

  • Loss Recovery 1 With Smart and Special Hedging Strategy. MT4 Version | MT5 Version
  • Loss Recovery 2 Using Zone Recovery Strategy. MT4 Version | MT5 Version
  • Loss Recovery 3 Using Averaging Strategy with Various Risk Control Features. MT4 Version | MT5 Version
  • Compare Specifications of All Versions. Click Here.
We are ready to help you for using the EA, Please don’t hesitate to contact us.
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