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The robot is trying to save unprofitable trades.

Open a trade and if it moves in a losing direction, the Zone Recovery algorithm will work.

At two price levels, the starting points of a series of purchases and sales are determined. For each of the two trades are established 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 approximate breakeven zone.

1. Method of placing the initial transaction

  • FistTradeMode-select the method of opening the first trade
    • External_Manual_Trade: the transaction 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 Expert Advisor itself instantly opens a certain type of trade
  • External_Manual_Trade: the transaction 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 Expert Advisor itself instantly opens a certain type of trade
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2. The installation of the recovery zone

  • RecoveryZoneRangePips: the amount of loss, in pips, at which the reverse trade is opened
  • RecoveryZoneExitPips: the profit amount of the last trade, in pips, at which the EA will complete the recovery

3. The method of calculation of the lot

  • Lot_Calculation_Mode-select the option for calculating the lot size
    • Profit_In_Pips: When the recovery is complete, this is the average profit value in pips
    • 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: When the recovery is complete, this is the average profit value in pips
  • 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 of the original transaction

These settings apply only to the very first transaction. The settings are not valid after running the recovery algorithm.

  • Lot: fixed lot
  • Auto Lot: the starting lot is calculated as a % of the balance
  • Lot_Percents: Percentage value when Auto Lot = true
  • Take Profit: take profit in pips

Note: the lot size does not need to be adjusted when using an external Expert Advisor. In this case, the lot is calculated automatically.

Note: the lot size does not need to be adjusted when using an external Expert Advisor. In this case, the lot is calculated automatically.

  • Enable_Trailing_Stop: to activate the trailing stop
  • Trailing_Stop_Start_Level: the trigger level of the trailing stop
  • Trailing_Stop_Distance: step of the trailing stop in pips
  • Enable_Protect Profit: protection of the specified number of pips of profit
  • Protect Profit Start_Level: number of pips of profit to activate protection
  • Protect Profit Exit_Level: minimum number of pips to fix and close a trade

5. Risk management of the recovery algorithm

  • Max_Orders: maximum number of orders to open
  • Close_Trades_When_Max_Orders_Exceeded: close all trades when the maximum allowed number of open orders is reached, if the loss on the last open trade is equal to the Recovery Zone Range Pips parameter
  • Max_Loss_Amount: closing all trades when the specified loss on open trades is reached on the account
  • Max_Drawdown_Percent: close all trades when the specified balance drawdown is reached
  • Close_All_at_This_Profit: close all trades on reaching when the recovery profit specified here is reached on the currency pair
  • Kill All Now: Close all trades and pending orders
  • Magic: Magic number

6. Advanced Settings

  • AllowHedging: if the broker prohibits hedging, you must set the parameter to False If the value is false, a loss is recorded
  • Slippage_Mode: when you slip on the transactions, this value is added to the parameter Recovery Zone Exit Pips
  • Hide_the_Exit_Points: closing recovery trades on immediate trades instead of TP/SL
  • Trail_the_Exit_Point: trailing order closing points to increase possible profit
  • Exit_Point_Trail_Start: Additional number of recovery profit pips to start trailing
  • Exit_Point_Trail_Step: number of pips for output on the trailing
  • Fixed_Spread_Pips: the size of the spread
  • Commission_per_Lot_Amount: Commission on each lot

Note: If the parameters are set to 0, the current commission and spread will be used

Note: If the parameters are set to 0, the current commission and spread will be used

  • EnableGrid: set to true to use the grid strategy before starting the recovery, as well as for use with an Expert Advisor that has opened several trades in the same direction

Additional information is available in the help in PDF format

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Published

08 January 2015

Updated

30 June 2016

Current Version

11.2

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zanctus February 16, 2021 8:11 am
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It is a great EA that is being employed as planned! Simple to operate and find out. Can help you control and deal with the recovery of your respective dropping transactions.\n\n I blend it with another EA that can help me key in transactions (using Secret Phone numbers), and when those investments tend not to enter into profit, LRT EA is setup to aid recover the loss.\n\n Be conscious of your respective margin specifications and i also attempt to avoid elements transferring sideways or consolidating.\n\n Really recommend! Writer does a great support.

sbucher February 16, 2021 8:11 am
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The service supplied is the ideal.\n\n The developer journeyed way beyond my hope to help me get yourself started on pre-existing investments.\n\n I am hoping the merchandise is a good since the service.

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