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Loss Recovery Trader MT5

0.00

those robot tries to save losing trades.

If the trade proceeds at a losing direction, the Zone Recovery algorithm will work.

At 2 cost levels, the beginning points of a series of purchases and sales are decided. For each of the two trades are determined at the two exit points (above and below).

When one of the exit points is reached, all trades are closed with a total profit or in the breakeven zone.

version for MT4

General Settings

  • close_all: close all trades
  • Magic: Magic number
  • Commission_per_Lot_Amount: the fee on each lot

1. way of setting the primary trade

  • fisttrademode-select the method of opening the first trade
    • external_manual_trade : the trade is opened manually
    • external_ea_trade: a trade is opened by an external Expert Advisor
    • Moving Average: a strategy based on a moving average
    • Bollinger Bands: a reversal strategy based on Bollinger Bands
    • With other methods, the EA itself instantly opens a certain type of trade
  • external_manual_trade : the trade is opened manually
  • external_ea_trade: a trade is opened by an external Expert Advisor
  • Moving Average: a strategy based on a moving average
  • Bollinger Bands: a reversal strategy based on Bollinger Bands
  • With other methods, the EA itself instantly opens a certain type of trade

[spoiler title=”Read More…”]

2. Setting the recovery zone

  • recoveryzonerangepips: the amount of loss in pips, after which the reverse trade is opened.
  • recoveryzoneexitpips: profit size of the last trade in pips, at which the EA will complete the recovery

3. The method of lot calculation

  • lot_calculation_mode select the option for calculating the lot size
    • profit_in_pips: at the end of the recovery, this is the value of the profit amount in pips relative to the volume of the first trade
    • profit_in_amount: When the recovery is complete, this is the value of the profit amount
    • lot_multiplier: a multiplier will be used for each new trade
  • profit_in_pips: at the end of the recovery, this is the value of the profit amount in pips relative to the volume of the first trade
  • profit_in_amount: When the recovery is complete, this is the value of the profit amount
  • lot_multiplier: a multiplier will be used for each new trade

Depending on your choice, you can change the corresponding option

Depending on your choice, you can change the corresponding option

4. Settings the original transaction

These settings apply only to the very first transaction and are not valid after the recovery algorithm is started.

  • Lot: fixed lot
  • Auto Lot: the starting lot is calculated as a % of the balance
  • Lot_Percents: the value of interest when Auto Lot = true
  • Take Profit: take profit in pips
  • enable_trailing_stop: Enabling the trailing stop function
  • Trailing_Stop_Start_Level: the trigger level for the trailing stop
  • trailing_stop_distance: trailing stop step in pips
  • enable_break_even: protection of the specified number of pips of profit
  • Break Even start_level: number of pips of profit to activate protection
  • Break Even exit_level: minimum number of pips to fix and close a trade

5. Risk management of the recovery algorithm

  • max_orders: maximum number of open orders
  • close_trades_when_max_orders_exceeded: close all trades when the maximum allowed number of open orders is reached, if the next trade should open
  • max_loss_amount: closing all trades when the specified loss on open trades is reached on the account
  • close_all_at_this_profit: close all trades when the recovery profit specified here is reached on the currency pair

6. The grid settings

You can use the grid / martingale before recovery, or use the Grid Expert Advisor.

  • EnableGrid: the inclusion order grid
  • gridgap: loss in pips for opening a new trade in the grid
  • gridadditionaltrades: additional grid to the original trade
  • gridtp: total take profit in pips. It is calculated based on the average opening price.
  • gridmultiplier: multiplier for subsequent trades in the grid
  • external_trade_number_of_trades: used when using an external Expert Advisor with more than 1 trade. Here you can specify the number of transactions before the recovery starts.
  • use_grid_stop_loss_amount: close all trades when the specified loss is reached in the grid

Trailing stop and break-even functions are available for the grid based on the average profit in pips

Trailing stop and break-even functions are available for the grid based on the average profit in pips

7. Time Filter – Time filter

    • Use_Time_Zone_1: start trading only at the specified time
      • Time_Zone_1_Start: time to start trading
      • Time_Zone_2_End: the end time of the trade
    • Time_Zone_1_Start: time to start trading
    • Time_Zone_2_End: the end time of the trade

    9. Advanced settings

    • avoid_grid_and_recovery: Do not use grid and recovery.
    • initial_stop_loss: initial stop loss if the parameter above is set to true.
    • Min_Recovery_Amount_for_closing: minimum profit to close in recovery mode
    • usependingorders: Use pending or market orders for recovery mode
    • useSafetyPlacement: forced use of market orders if the restoring order is not set
    • max_drawdown_percent: close all trades when the specified drawdown percentage is reached
    • enable_earlier_closing: closing all trades after opening the specified number of trades and reaching the specified profit
      • earlier_closing_trades: the number of transactions that need to be opened
      • earlier_closing_profit_amount: the profit that must be achieved
    • enable_profit_trailing: applying a trailing stop based on a monetary amount
      • profit_trailing_trade_start: the number of transactions that need to be opened
      • profit_trailing_amount_start: profit that must be reached to activate profit trailing
      • profit_trailing_amount_step: profit trailing step
    • earlier_closing_trades: the number of transactions that need to be opened
    • earlier_closing_profit_amount: the profit that must be achieved
    • profit_trailing_trade_start: the number of transactions that need to be opened
    • profit_trailing_amount_start: profit that must be reached to activate profit trailing
    • profit_trailing_amount_step: profit trailing step

    [/spoiler]

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