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Loss Recovery 3 MT4

60 USD

Demo downloaded: 211

Published: 27 February 2021

Current version: 2.0

Loss Recovery 3 MT4

Name: Loss Recovery 3 MT4
Price: 60.00 USD
Rating: 3.5 (2 reviews)
Author: Kyra Nickaline Watson-gordon

3.5

Experts
Kyra Nickaline Watson-gordon
Version: 2.0
Updated: 28 May 2024
Activations: 10

Loss Recovery 3 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 on Break Even or with determined profit.

Trading Strategy:

Loss Recover3 EA try to Recover Wrong Positions, by using Averaging method. There are various features on the EA to control risk of the strategy.

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.
Consider Swaps Also : For profit calculation
Consider Commissions Also : For profit calculation
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.
When to Start Recovery? Three Options : Fixed Points or ATR Points (Start recovery when specified DD in Points occur) / % of Balance / Amount of Loss
Distance Mode : Options Available : Constant Points, Distance Based on ATR, Add On Each Step, Multiply On Each Step, Defined Sequences
Volume Mode : Options Available : Constant, Add, Multiply, Sequences
TP Mode : Options Available : Points, Account Currency, % of Balance
SL Mode : Options Available : Disable, Points, Account Currency, % of Balance
Maximum Number of Orders : Limit Number of Orders on Each Basket.
Maximum Volume of Each of Order : Limit Volume of Each Order When it is Multiplied or Added Frequently.
Maximum Volume of Sum of Orders : Limit Total Volume of Orders on Basket. If Reach, EA will not Open New Orders.
Minimum Time Distance Between Orders (Minutes) : To Avoid Frequent Orders Opening on Large Market Movements.
Time Filter : To define a Time Range for Trading.
RSI Filter : Filter Orders Opening Based on RSI Indicator.
Candle Trend Filter : Filter Orders Opening Based on Previous Candle Bearish/Bullish Trend and Minimum Size of Candle.
News Filter : Ability to Avoid Trading Before/After - Low/Medium/High Impact Events.

Testing EA

For testing the EA you must enter position information in the wrong direction. The EA open a position at time and volume and direction you entered and then starts managing order. 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.
To enable News Filter, Visit How to Setup News Filter.

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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1807

aworex 2022.06.29 05:52 #

I use this EA for trades in solid trends in higher timeframes, as it can handle all orders with a display of what's going on on your account. A well-written EA with various options.

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Loss Recovery 3 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 on Break Even or with determined profit. Trading Strategy: Loss Recover3 EA try to Recover Wrong Positions, by using Averaging method. There are various features on the EA to control risk of the strategy. Using EA : The EA is very simple and without complicated input para

60 USD

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

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

50 USD

190 USD

90 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 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

180 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

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

A utility to close all positions and orders with one simple click at once. Various options are available to filter or select orders and positions : Type of orders/positions : Buy / Sell / Buy Limit / Sell Limit / Buy Stop / Sell Stop Symbol Selection : All / Chart Symbol / Custom Symbols. You can enter custom symbols separated by comma. (for example you can enter EURUSD,GBPUSD,AUDJPY) Order Open Type : Manual Opened / Opened by EA Magic Number : You can enter more than one magic number separat

30 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

90 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

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

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

50 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) 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

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

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

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

60 USD

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

FREE

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

Filter:

1807

aworex 2022.06.29 05:52 #

I use this EA for trades in solid trends in higher timeframes, as it can handle all orders with a display of what's going on on your account. A well-written EA with various options.

252

Stephen Sartain 2022.05.09 04:54 #

I tried to use it but found it very confusing, not enough setup ( hardly any) information, or even whether one could simply add it to a graph and leave it get on with it .. The majority of traders would like to do just that, it anything a speed 1-10 selection, a comments section for add to trades, things like that, but this is a lot of variables, half of which I have no opinion on, do I want ATR to choose, what is 2000 to wait for, etc, its totally not able to be trusted by me and I would rather close the trades then faf around, with a risk of everything getting worse - NOT because the bot is no good - but I don't understand all the blooming settings, half of which should be internal settings and not seen by anyone other than the programmer, as only the programmer would really need to fiddle with those. Hide about 80% of your DO NOT CHANGE options and provide a lot more information of what it all means please .. Sorry to complain, but I cannot risk an account with $1000s in it for a few $100 I may have lost, unless I can simply plop that thing down on a graph and have it do its thing. Kind Regards, Steve.

50782

Reply from developer Kyra Nickaline Watson-gordon 2022.05.09 07:14 #

The EA is designed user friendly, Easy-to-Use features and all techniques are known for all traders.
You must customize the settings based on your strategy and your knowledge. This is a robot and not a Magic. Robots will work based on your commands (your settings).
I am the developer of this product and my responsibility is to support all clients. If you have a doubt, you can ask me to help you.

Version 2.0 2024.05.28

Added new selection mode : "Multiple Positions With Defined Tickets"
News resource changed to ForexFactory

Version 1.6 2023.02.14

Added option Enable/Disable FIFO closing rules
Faster Closing of orders.

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
- Update due to change of news address from http to https
Change the address of webrequest on terminal settings to https://ec.forexprostools.com/

Version 1.3 2021.11.03

Added Max Spread Control.

Version 1.2 2021.09.18

Added
- commissions and swaps for profit calculation (optional).
- 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.