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Loss Recovery 2 MT4

90 USD

Demo downloaded: 461

Published: 27 February 2021

Current version: 3.0

Loss Recovery 2 MT4

Name: Loss Recovery 2 MT4
Price: 90.00 USD
Rating: 3.8333333 (6 reviews)
Author: Kyra Nickaline Watson-gordon

3.83

Experts
Kyra Nickaline Watson-gordon
Version: 3.0
Updated: 27 May 2024
Activations: 10

Loss Recovery 2 is an Expert Advisor for recovering losses of positions that were opened in the wrong direction (that were opened by another EA or manually). This EA recovers your loss and closes your position without using dangerous martingale/Averaging methods.

Trading Strategy:

Loss Recover2 EA try to close wrong positions without any loss (Recover Wrong Positions), by using Zone Recovery method and without using martingale methods. Anytime price exits from zone, EA will close basket of trades without loss. The zone can be with fixed height or with increasing height. Also there are some options for volume increasing.

Using EA :

The EA is very simple and without complicated input parameters. There are main parameters must be set:

EA Action :

Single Position With Specified Ticket (Order ID) : EA recover only in-loss position with ticket specified in "In-Loss Position Ticket" field.
Multiple Positions With Defined Tickets (Order ID) : EA recover multiple in-loss position with ticket specified in "In-Loss Positions Tickets" field.
All Positions On Account : EA recovers all positions with loss greater than "Distance to Start" field.
All Positions On Current Chart : EA recovers all positions with symbols equal to attached chart and loss greater than " Distance to Start" field.
All Positions With Magic Number : EA recovers all positions with defined magic and loss greater than " Distance to Start" field.

In-Loss Position Ticket (Order ID) [If Action=Single] : Ticket of existing wrong position specified in "In-Loss Position Magic" field.
In-Loss Positions Tickets (Comma Separated) [If Action=Multiple] : List of desired tickets separated by comma.
In-Loss Position Magic : Magic Number of Positions you want to recover.
When to Start Recovery? Three Options : Fixed Points or ATR Points (Start recovery when specified DD in Points occur) / % of Balance (Start recovery when DD of Position is Greater than specified percent of balance.) / Amount of Loss
Distance to Start (Zone Height) : Distance in Points to start managing and recovering loss.
Distance to Start (ATR Multiplier) : Distance in Points calculated based on ATR
Loss to Start: Loss on position to start managing and recovering loss.
Extend Zone Height: Fixed Points / ATR / No Extend
Distance To Add Each Step (Extending Zone Height) : Amount of Points You Want to Add to Zone Height on Each Step. Enter 0 for Fixed Zone Height.
ATR to Add Each Step : Zone Height will be added based on ATR
Volume Mode: Add or Multiply Options. Volume Settings on Each Step.
Volume to Add: Lots to Add on Each Step (If Volume Mode=Add)
Volume Multiplier: Multiplier to Last Volume (If Volume Mode=Multiply)
TP : Total Take Profit of Basket of Trades. Enter 0 if you want to only recover losses without profit (Break-Even) .
ATR Timeframe : ATR Timeframe for distance determination
ATR Period : Period of ATR
Show Panel : Option to Enable/Disable Live Reporting Panel on Chart.
Close Charts on Start of Recovery: Will close all other charts on recovery start to avoid placing/managing orders by other EAs.

Testing EA :

For testing the EA you must enter position information in the wrong direction. The EA opens a position at time and volume and direction you entered and then starts managing drawdown. Make sure that after the position opens, the market moves in the wrong direction.

EA Action: Set to "Testing Mode"
TESTER Wrong Position Time:

The time for inserting the wrong position in the format: hh:mm as example: 15:35
Position will be opened in market price at time you specified on start date of your testing period.

TESTER Wrong Position Direction: BUY or SELL
TESTER Wrong Position Volume: Volume of the wrong position (lots)
You can optimize EA by changing parameters

Recommendations and Using Conditions :

Any Time Frame can be used.
You can continue your trading on your account. The EA manages your wrong position and own-opened positions until recovering loss.
It is recommended to disable any trading operations by other EAs on recovery started positions.

Versions :

Loss Recovery 1 With Smart and Special Hedging Strategy. MT4 Version | MT5 Version
Loss Recovery 2 Using Zone Recovery Strategy. MT4 Version | MT5 Version
Loss Recovery 3 Using Averaging Strategy with Various Risk Control Features. MT4 Version | MT5 Version
Compare Specifications of All Versions. Click Here.

We are ready to help you for using the EA, Please don't hesitate to contact us.
Visit our other useful utilities, Indicators and experts here.

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297

drasko 2021.04.21 19:08 #

Excellent work Kyra :-) I'am in love with your LR2. Payback on first use. You will soon get more positive reviews.. the word is out now ;-)

By the way I not only recover I made profit :-D

217

robpinhood 2024.06.11 20:46 #

LR2 is an essential EA for any serious trader. This is not a simple drag-n-drop utility. It takes time to learn. After using this EA for 6 months, I am still learning new strategies and nuance techniques. I use it on all my scalping accounts. LR2 has saved and earned greater than ten times its cost, and guards too many charts for me to count. Support has been outstanding. I have had many questions, and always get answers, even if I don't understand some of the details. Appreciate the updates as well. It just keeps getting better.

1807

aworex 2021.05.11 11:01 #

This is a very good EA to have in place for the crazy forex markets where we have to prepare for the unexpected.The EA has various methods to reduce risk whilst recovering trades that have gone south it’s comes very handy with high vol instruments

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Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT5 Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying Copy from netting to hedge and hedge to netting is supported. Fast and instant copy All settings are input visually. Easy modifying symbol names, prefix, suffix Enable/Disable

50 USD

190 USD

A utility to close all orders automatically when conditions meet. Various options are available to filter or select orders : Conditions : Closing conditions. 3 different conditions can be defined. EA will close orders anytime one or more defined conditions meet. Conditions can be defined based on account properties or selected orders properties. Also a fixed time to close orders is available. Type of orders : Buy / Sell / Buy Limit / Sell Limit / Buy Stop / Sell Stop Symbol Selection : All /

50 USD

OneClick Online Account Manager is a powerful utility that helps you to manage all your accounts from a centralized panel. It is suitable for all single account traders and specially for multiple accounts traders. The utility help you to : Monitor status of all accounts on a private web page. Some information such as account connection status, account profit, DD, Balance, Equity, Margin Level, Number of positions and orders, Daily and Weekly profit/loss and also overall summation of all these

180 USD

Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT4 Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying Copy from netting to hedge and hedge to netting is supported. Fast and instant copy All settings are input visually. Easy modifying symbol names, prefix, suffix Enable/Disable co

50 USD

Fundamental Signals Indicator is a Non-Repaint Indicator with a powerful calculation engine that can predict market movement over 3000 pips (30000 points). The indicator does not analyze the market fundamentally, it is named fundamental because it can predict trends with large movements, no complicated inputs and low risk. Also Indicator can alert on market trend changes. Using Indicator : The Indicator is very simple and without complicated input parameters. (No need to optimize anythin

90 USD

50 USD

Description : VWAP (Volume-Weighted Average Price) is the ratio of the value traded to total volume traded over a particular time horizon. It is a measure of the average price at which pair is traded over the trading horizon. Read More. All Symbols and All Timeframes are supported. Indicator Inputs : VWAP Mode : Mode of VWAP Calculation. Options can be selected : Single,Session,Daily,Weekly,Monthly Volumes : Real Volumes,Tick Volumes Price Type : Used price for ca

50 USD

60 USD

Note : Limited version can trade with the volume less than 0.05 lots. Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. If you are not familiar with arbitrage trading, It is recommended to use our other trading robots . Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to as cross currency arbitrage or three-point arbitrage) is t

30 USD

Description : A utility to create and save screenshots automatically and send to a chat/group/channel on telegram. The saved/sent image file will include all objects that exist on the chart and also all indicators are displayed on the chart. Features: Save screenshot of chart including all objects, indicators, ... Send screenshots to a telegram chat/group/channel Wide range options to select when create screenshots Logo and text adding feature Inputs and How to setup the EA : Variou

30 USD

Fundamental Scanner is a Non-Repaint, Multi Symbol and Multi Time Frame Dashboard based on Fundamental Signals Indicator . Fundamental Signals Indicator has a powerful calculation engine that can predict market movement over 3000 pips (30000 points). The indicator is named fundamental because it can predict trends with large movements, no complicated inputs and low risk. Features : Multi-Symbol Support (Support automatic listing of market watch symbols) Multi-TimeFrame Support (Over 7

110 USD

Note : Free version can be used for trading on Demo Accounts. Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to as cross currency arbitrage or three-point arbitrage) is the act of exploiting an arbitrage opportunity resulting from a pricing discrepancy among three different cu

FREE

First Scalper is an Expert Advisor based on Scalping, Using the best and safest scalping EA on market. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA doesn't need any professional information or Forex Trading Knowledge. First Scalper can trade on all symbols and all time frames, using a special and unique strategy developed by the author. Using EA : General Options Trade Type : Long/Short/Both S

200 USD

180 USD

Note: MT4 Backtest cannot test EAs that trades with several symbols simultaneously. For backtest use MT5 versions download here . Note : Limited version can trade with the volume less than 0.05 lots. Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. If you are not familiar with arbitrage trading, It is recommended to use our other trading robots . Strategy : EA will place trades based o

30 USD

Definition : TPO is a Time Price Opportunity. Instead of using bars or candles with an Open, High, Low, and Close price, each "bar" in a Market Profile is represented by horizontal bars against the price It is called Market Profile terminology. In other words time-price-opportunity (TPO) profiles are histograms of how much time was spent at each price within the span of the profile. By using a TPO chart, you are able to analyze the amount of trading activity, based on time, for each price lev

60 USD

Note: MT4 Backtest cannot test EAs that trades with several symbols simultaneously. For backtest use MT5 versions download here . Note : Free version can be used for trading on Demo Accounts. Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to as cross currency arbitrage or three-

FREE

Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) This is Free Version and can be used on Demo accounts only. Use the Full Version for real trading. Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying Copy from netting to hedge and hedge to netting is supported. Fast and instant copy All settings are input visually. Easy modifying symbol

FREE

An indicator to draw a graph of account current and historical state such as Balance, Equity, Margin, Free Margin, Margin Level, Drawdown, Account Profit, Deposit and Withdrawals. Indicator Inputs : Draw Balance Graph Draw Equity Graph Draw Margin Graph Draw Free Margin Graph Draw Margin Level Graph Draw Drawdown Graph Draw Account Profit Graph Hide Data on Chart and Buffers Connect Gaps by Lines Sign of DDs on Profit Sign of DDs on Loss Tips : The Indicator will draw historical balance gra

60 USD

FREE

Definition : A Market Profile is an intra-day charting technique (price vertical, time/activity horizontal). Market Profile is best understood as a way to see order in the markets. Market Profile was a way for traders to get a better understanding of what was going on, without having to be on the trading floor. The current indicator is developed based on Easy-to-Use architecture including a wide range of visual settings. Major Features of Indicator : Various Views of Market Profile The indica

60 USD

Note: MT4 Backtest cannot test EAs that trades with several symbols simultaneously. For backtest use MT5 versions download here . Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. If you are not familiar with arbitrage trading, It is recommended to use our other trading robots . Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to

990 USD

Magic EA is an Expert Advisor based on Scalping, Elliot Waves and with filters such as RSI, Stochastic and 3 other strategies managed and decided with the robot smartly. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA doesn't need any professional information or Forex Trading Knowledge. EA can trade on all symbols and all time frames, using special and unique strategies developed by the author. The EA

200 USD

Definition : VPO is a Volume Price Opportunity. Instead of using bars or candles with an Open, High, Low, and Close price, each "bar" in a Market Profile is represented by horizontal bars against the price It is called Market Profile terminology. In other words volume-price-opportunity (VPO) profiles are histograms of how many volumes were traded at each price within the span of the profile. By using a VPO chart, you are able to analyze the amount of trading activity, based on volume, for eac

60 USD

Channels Indicator is an All-In-One Indicator with a powerful calculation engine. The Indicator contains 4 different and usual methods for finding channels on the market. Indicator is powered by a visual interface and with various selections of alerts and notifications. Testing Indicator : Strategy Tester does not respond to your clicks on panels (This is metatrader tester limitation). Thus input your desired settings on the indicator pre-settings and test. Using Indicator : Display

60 USD

200 USD

Filter:

217

robpinhood 2024.06.11 20:46 #

820

yyc196 Yauw 2023.08.30 18:24 #

Hi Seller, i have issue with your EA which keep producing multiple orders in a series. I will try a few more days to see what happened based on your screenshot. I will also change the review again. Thanks

51694

Reply from developer Kyra Nickaline Watson-gordon 2023.09.01 22:48 #

Fake Review!
Are you Good? 3 star review for what?
You purchased the product some hours ago so how can you evaluate the product in such a fast time? Your post on comment page shows you did not used the EA yet.
Please be patient and rate the product based on real operation.
Regarding your issue : You are using wrong settings. Revise your settings. If you need more help, you can send your settings to help you to fix wrong items.

1807

aworex 2021.05.11 11:01 #

12938

Matthew Todorovski 2021.04.30 08:45 #

Quite useful, if you set it up right. I had it recover my USDMXN orders within 3 hours from $300 DD to $0. Working on SGDJPY currently, but market is not moving enough to have much effect. I opened a manual order and immediately LR2 locked with slight hedge in opposite direction. LR2 soon closed the order and hedge in profit.

Advantages:

. you can set to recover specific Magic, specific Ticket, or all orders on the account

. it is a simple-to-understand strategy of zone recovery

Areas for improvement - 4 Stars because:

. LR2 doesn't display the Zones on the chart for ease of adjusting Inputs

. LR2 also does not auto-calculate parameters such as optimum ATR, which gives risk to the user they may set it up incorrectly.

Hoping for future improvements to LR2 to make this 5 Stars!

51694

Reply from developer Kyra Nickaline Watson-gordon 2021.04.30 08:54 #

Thank you for feedback.
- Visual display on chart will be added on next updates.
- Optimum inputs is various for each user based on user strategy and risk plan.

techiman ba 2021.04.22 19:27 #

this is the most useless ea i have ever used. if you fall in a ranging environment the account will blow up. the programmer could have put all the 3 different recovery ea into one powerful ea but because of greed decided to sell this useless ea to the public. I have downloader free ea from mql5 which are 100times better than this expensive ea i have WASTED my $90 on. DO NOT WASTE YOUR MONEY ON THIS PRODUCT!!!!!!

51694

Reply from developer Kyra Nickaline Watson-gordon 2021.04.22 21:08 #

Wrong using of EA. Wrong Setup. Seems the comparison page is not studied carefully by you.
https://www.mql5.com/en/blogs/post/742976

297

drasko 2021.04.21 19:08 #

Excellent work Kyra :-) I'am in love with your LR2. Payback on first use. You will soon get more positive reviews.. the word is out now ;-)

By the way I not only recover I made profit :-D

Version 3.0 2024.05.27

Added new selection mode : "Multiple Positions With Defined Tickets"

Version 2.1 2023.02.13

Closing larger orders first.
Faster Closing of orders.

Version 2.0 2022.06.07

Added :
* Parameter to limit Maximum Volume of Each of Order
* Sequence options to determine volumes
* Visual display of opened recovery orders, next order, TP price on chart.

Version 1.5 2022.04.22

Added options for notifications and popup alerts
Added more options to close chart feature

Version 1.4 2022.02.19

- Added Start Recovery option based on Loss Amount
- Added more options to setup TP

Version 1.3 2021.10.29

Added Max Spread Control.

Version 1.2 2021.09.18

Added
- commissions and swaps for profit calculation (optional).
- Limit Max Number of orders to control the risk
- Colored arrows shows on real trading chart to demonstrate entry and exit points

Version 1.1 2021.03.27

- Added Distance Based on ATR.
- Added Close Charts Option on Recovery Start.