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MWRecovery

MWRecovery is a system designed to recover unprofitable positions.When the market moves by a certain amount against the direction of a trade and brings it to a loss, the system opens other trades in the same direction at specified intervals. Once these trades reach a certain profit, a magic trailing stop is activated to maximize your profit.

How it works :

  1. The utility resets StopLoss levels for all processed orders. 
  2. New trades will be placed if the conditions are met according to what you have selected in the utility panel(Recovery Mode & Distance & Dynamic Recovery Mode & its Methods).
  3. The algorithm finds the breakeven point.
  4. If, in the direction of trades, we pass the breakeven point equal to the minimum profit that you have set in the utility panel, a trailing stop will be activated.
  5. Finally, all your trades are closed with a good profit by trailing stop.

Click here to know more settings and how the utility works.

MT5 version.

Signals made with this algorithm.==>  signal

Advantages :

  1. You can use this utility in manual trades or simultaneously with one or more EAs. 
  2. Easy installation.
  3. Has a graphic panel for easy use.

Note:

  • This utility is not multi-currency and works only on the pair it is installed on. 
  • This utility alone is not able to open trades, but it recovers your losing trades.
  • Attention, MWRecovery is a utility and not an expert advisor, so you can't backtest it in the strategy tester.

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Visit our all-new   Stein Investments Welcome Page   to get the latest information, updates and trading strategies. Do you want to become a constantly profitable 5-star forex trader? Then  get our Stein Investments trading tools  and send us a screenshot to get your personal invitation to our exclusive trading chat with 500+ members. This Trade Manager is the ideal addition for all  FX Trend  users which like to use a fully automated trade management. It detects your manually opened trades im
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