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Loss Recovery Trading Robot

5

This is an Expert Adviser use for manual trading as a background EA or combine with external EA to open orders. Loss Recovery Trading is one of your options to handle the lose positions instead of using stop loss by setting a zone recovery area and target to exit the turn rounds sequence.


How It Work?

If the market goes against your first positions direction at the specific of losing points, the EA will open an opposite direction position with calculated larger lot size and also keep the first position. If the market hit the target (up trend or down trend) the EA will close all positions of that symbol. If the market does not hit the target price, the EA will open other turns in the sequence. So, using this EA as a background you will have one way in and two ways out (up or down is does not matter).


Advantage

  • Max loss recovery for 5 symbols
  • Manual open trade
  • Hidden and Show Stop Loss and Take Profit (SLTP)
  • Break even function include
  • Trailing stop function include
  • Smart Input Safe Mode
  • Easy setup


Parameters

  • Close by: select close all for account profit hit or single symbol profit hit;
  • Account Profit % to close all: input your target profit (%) of your floating profit to close all positions;
  • Account Loss % to close all: input your loss (%) of your floating profit to close all positions;
  • Recovery Zone (in point): input your range to open recovery position in the opposite direction,  please refer to the screen shot to understand the principle; ;
  • Target To Close All (in point): input your target range to out with profit, please refer to the screen shot to understand the principle;
  • Max turn rounds: input your maximal turns that allow EA to open the opposite positions


Recommendation

  • Low spread broker
  • Swap is need to concern

Happy Trading!

Tony D. Pham,

Reviews 2
Ruengrit Loondecha
3516
Ruengrit Loondecha 2022.09.03 04:26 
 

After improving and sort out configurations, so easy to understand and good covering uitility that i loving so much.

yong2015
96
yong2015 2017.06.20 09:51 
 

Good utility and easy to use when attached to only one currency pairs, you can control all pairs being traded. However, you shall understand more about the setting whether it can fit with your trade strategy or EA. The author is very patient to explain and give generous support.

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Ruengrit Loondecha
3516
Ruengrit Loondecha 2022.09.03 04:26 
 

After improving and sort out configurations, so easy to understand and good covering uitility that i loving so much.

yong2015
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yong2015 2017.06.20 09:51 
 

Good utility and easy to use when attached to only one currency pairs, you can control all pairs being traded. However, you shall understand more about the setting whether it can fit with your trade strategy or EA. The author is very patient to explain and give generous support.

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Version 1.7 2022.10.04
- Updated close by symbol hit profit or by account hit profit;
Version 1.6 2022.09.30
- Upgrade close all function
Version 1.5 2022.09.01
- Discarded the auto-delete SL and TP price
- Improved "earning points" which skip the pending orders
Version 1.4 2022.07.23
- Simplify input
- Improved close all
- removed the auto delete pending same symbol
Version 1.3 2022.07.01
- Update preset
- Close all positions when account P/L hit the target in percentage
Version 1.2 2022.06.28
- Compiled with the new update of MLQ4
Version 1.1 2016.07.27
- Updated preset
- Updated Reverse Loss Recovery Function: Close positions one by one until out of the sequence.