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MWRecovery MT5

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.

MT4 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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Utilities
Introducing the FX28 Trader Dashboard – Your Ultimate Trade Manager Unlock the full potential of your trading experience with the FX28 Trader Dashboard, a comprehensive and intuitive trade manager designed to elevate your Forex trading to new heights. Whether you're a seasoned trader or just starting on your financial journey, this powerful tool is engineered to streamline your trading activities and enhance your decision-making process. Key Features: User-Friendly Interface: The FX28 Trader Da
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Mt5 To InterativeBrokers Copier allows you to copy deals from MT5 account to Interactive Brokers. With this, you can run your EA strategy on a MT5 Demo/Real Account, then copy all the deals to Interactive Brokers account real time. Features: 1. Copy or Invert-Copy deals Realtime from MT5 to IB Account. 2. Synchronizing positions of both accounts periodicaly, in case any missing copying. 3. You can choose only Buy position or Sell position. Symbols Setup: General Format:  {MT Symbol} -> {IB S
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The price of this expert will increase with each update. Rango Gold EA is a fully automated robot with heavy calculations based on a number of strategies, including patterns and indicators combined with some trading skills gained over years of trading experience and then optimized on XAUUSD(Gold) . Advantages : Rango is not suffix sensitive because the code for automatic suffixs is built into it News filter to protect account when publishing news. Spread filter to protect against fluctuations i
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Version 1.1 2024.08.28
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