The TSO Order Recovery Advisor provides a well-known and proven method of covering 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 set
- You can work with any account size – a minimum of $1000 is recommended.
- 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 an opposite position with a large volume at a fixed distance from the initial 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 achieved.
A more detailed description of all the functions of this Expert Advisor can be found in the User Manual.
If the Expert Advisor unexpectedly shuts down for some reason, it can be restarted if the properties of the Expert Advisor have not been changed. After that, he will continue to work normally, taking into account the previous orders he created. This feature was added only to cover unforeseen circumstances. This Expert Advisor can hold positions from several hours to several weeks, so it should be launched during this entire period. It can be run on a computer if there is a possibility of continuous operation, but it is strongly recommended to use a VPS server.
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If the Expert Advisor unexpectedly shuts down for some reason, it can be restarted if the properties of the Expert Advisor have not been changed. After that, he will continue to work normally, taking into account the previous orders he created. This feature was added only to cover unforeseen circumstances. This Expert Advisor can hold positions from several hours to several weeks, so it should be launched during this entire period. It can be run on a computer if there is a possibility of continuous operation, but it is strongly recommended to use a VPS server.
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- 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 boundaries of the zone, 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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