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Loss Recovery Trader

4.54

This robot attempts to recover losing trades.

Place a trade and if it moves in the wrong direction, the Zone Recovery algorithm initiates.

An alternating series of Buy and Sell trades at two specific levels will be taking place, with two Exit Points above and beyond these levels.

Once either of the two exit points is reached, all trades are closed with a combined profit or approximate breakeven.


To use 
1) Place the EA on a chart and select how the first trade will open (Manual/Via EA strategy/Use EA panel/External EA)

2) Configure your recovery region settings (Gap Pips/TP Pips / Lot Calculations)

3) Adjust your risk preferences 

4) All others are optionals


Usage

1. Initial trade Settings 

  • FistTrade option allows you to select the method the first trade opens
    • External_Manual_Trade : Manually opened trade
    • EA_Panel:  Buttons for opening Trades on Screen
    • External_EA_Trade : Opened by an external EA (remember to match the magic numbers between the EAs)
    • Moving Average: A Moving Average strategy
    • Buy /Sell Continuous:  For Non Stop Buy /Sell 
    • Lot: Lot Value
    • Take Profit: Take Profit in Pips

2. Set recovery Settings

  • Recovery Pips Gap: Pips to be lost in order for an opposite direction trade to opened
  • Recovery Profit Pips: Pips to be won by the last trade for the recovery to complet
  • Recovery Trades Type: Instant or Pending (Instant recommended)
  • Set Take Profit At Profit Exit Levels (not recommended) : For selecting if trades will close with TP/SL or instant trades 
If the option is false(as recommended) can configure the following two
    • Min Profit Amount To Exit Trades : Trades to be in profit before closing
    • Protective TP and SL   : A wider TP/SL is added to trades in case MT4 is disconnected 

  • Hedge_Trade_Start: Set at how many trades the recovery shall begin.Good for when using external grid strategies. (Default 1)
    • RecoveryLotMethod option allows you to select the method the Recovery lot sizes get calculated
      • Profit_In_Amount: Once recovery is over the Net Amount Won will be equal to this
      • Multiplier_Addition: Each trade will be a multiple and addition of the previous trade
      • Custom Lots: User can specify own lots modify Lot Size. It is done automatic.

    3. Risk management

    • Max Active Trades: Max trades that can be opened
    • Close Trades When Max Trades Exceeded: If max number of trades is reached and last opened trade is losing the Recovery Pips Gap all trades closes
    • Max Profit Amount : Closes all trades once the account’s total open profit reach this amount
    • Max Loss Amount: Closes all trades once the account’s total open losses reach this amount
    • Max Spread:  Max Spread for trades to be placed.  Is highly suggested to set a max spread to prevent multiple recovery trades when spread becomes abnormal 

    4. Trailing Stop And Break Even (Optional for first trade)

    • Enable Trailing Stop: Enables Trailing Stop For First
    • Trailing Stop Start Level: Activation level in pips
    • Trailing Stop Distance: Trailing stop step in pips
    • Enable Break Even: Enables Break-Even
    • Break Even Start_Level: Break-Even Activation Level in pips
    • Break Even Exit_Level: Break-Even Profit Level in pips

    5. Moving Average (Optional for first trade) 
    EA would open initial trade based on two MAs if selected .
    Buy when Fast MA>Slow MA and vice versa

    • Requires_Crossover: true means trade opens only when the MAs cross
    • MA Fast Period
    • MA Fast Method
    • MA Slow Period
    • MA Slow Method

    6. General

    • Orders Comments: Comments Appearing on Trades
    • EA magic number: When using with external EA ,number should match
    Reviews 20
    Vitor Salvador
    630
    Vitor Salvador 2020.02.24 02:19 
     

    anyone have a manual?

    Juvenille Emperor Limited
    76448
    Eleni Anna Branou 2018.10.23 09:42 
     

    Excellent product, it can really help your trading and avoid losses. Super fast and prompt support from Michalis, always the best!

    Brian Hudson
    488
    Brian Hudson 2018.06.11 11:38 
     

    Just started using this EA, but so far it's showing positive results. Many customizable features and smart functionality. Its great that i can use it as a stand alone EA or in-conjunction with one another EA. Take your time getting the settings you want and you could have a real winner here. I will update post with trading results in the future.

    Author is a pleasure to work with and responds quickly.

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    Simon Akubue
    3334
    Simon Akubue 2023.09.30 12:18 
     

    Better not to say anything

    Vitor Salvador
    630
    Vitor Salvador 2020.02.24 02:19 
     

    anyone have a manual?

    Juvenille Emperor Limited
    76448
    Eleni Anna Branou 2018.10.23 09:42 
     

    Excellent product, it can really help your trading and avoid losses. Super fast and prompt support from Michalis, always the best!

    Brian Hudson
    488
    Brian Hudson 2018.06.11 11:38 
     

    Just started using this EA, but so far it's showing positive results. Many customizable features and smart functionality. Its great that i can use it as a stand alone EA or in-conjunction with one another EA. Take your time getting the settings you want and you could have a real winner here. I will update post with trading results in the future.

    Author is a pleasure to work with and responds quickly.

    Luigi Salvatores Buigues Morillo
    1012
    Luigi Salvatores Buigues Morillo 2018.05.06 02:02 
     

    very good ea .

    transparent author. thanks for your help

    zanctus
    196
    zanctus 2018.04.15 15:41 
     

    This is a great EA that is working as intended! Easy to use and learn. Will help you control and manage the recovery of your losing trades.

    I combine it with another EA that helps me enter trades (using Magic Numbers), and when those trades do not go into profit, LRT EA is setup to help recover the loss.

    Be mindful of your margin requirements and I try to avoid parts moving sideways or consolidating.

    Really recommend! Author is doing a great service.

    Kenneth Xiao
    284
    Kenneth Xiao 2018.01.10 04:28 
     

    good ea ,it saved my account and my ea. thank u .

    HLong P
    672
    HLong P 2017.11.06 15:26 
     

    I am not sure if Memon below even know how to use the EA. It is awesome indeed if you spend time reading the manual and understand how to use it to your own advantage. Nobody can spoonfeed you, especially since it's your own money. I advise you to study it carefully and develop your own strategy. I did, and enjoy LRT tremendously. The vendor's support is also awesome. He is very responsive to your needs. This is from my own experience. I highly recommend it.

    Matthew Winfield
    239
    Matthew Winfield 2017.09.21 15:08 
     

    I disagree with the review below. This isn't a holy grail, there's always risk involved in trading and no LRT/martingale methods are completely fool proof. This is a very comprehensive tool and it's far from a "complete waste of time and money". It does what its supposed to do very well if you take the time to understand it, the premium version even more so with many settings and options to customise. Michalis provides amazing ongoing support.

    Maarten Merkens
    591
    Maarten Merkens 2017.08.31 15:45 
     

    Excellent Tool. I use this together with a custom EA built by Michalis. Very few of my trades end up in need of being recovered, but when they the LRT takes care of things. You can follow my signal here:https://www.mql5.com/en/signals/338774

    Michalis is a very professional seller that provides a high level of support. I can highly recommend the LRT to everyone that is serious about trading. Eliminate Stop-loss and start making profits!

    One note though: it is not fire and forget, not one setting fits all pairs. Read the manual and educate yourself.

    [Deleted] 2017.07.29 11:03 
     

    User didn't leave any comment to the rating

    Eric Vogels
    175
    Eric Vogels 2017.06.22 13:52 
     

    I like this EA very much. It really does recovering for 100%. Support is very good.

    I use to test with Live-accounts and the EA paid for itself.

    /Eric

    RobbieRedskin
    1480
    RobbieRedskin 2017.05.16 17:32 
     

    Recommended, five stars for sure. The EA works very good and is well programmed. Michalis is always fast with replies and offers good support. About the strategy of the EA: it works in volatile markets, but you should stay away from ranging markets, will eat up your account fast. If you make yourself familiar with this strategy (yesyes, spend some time...) and it suits you, this is one of the best EA's to apply it

    Olivier Nomblot
    5877
    Olivier Nomblot 2017.04.28 08:25 
     

    bought the EA a while back because it fits in with my hedging theories. I just used it again and I must say it is well programmed and a good compliment to my basic BBSO robot. I would be careful with lot sizes and max lots , tending to be more conservative there ,as this Robot can build up large positions. The best aspect for me is the Bollinger entry . Bollinger has 5 ways to enter the market, the touch and go method ( built in this EA) works along with more complex entries that I personally use in my EAs. The author is obviously a good programmer and judging by the longevity of his product , quality control is very good. I am particularly fond of this algorithm and hedging preferring not to use stops myself . This product facilitates this technique .There are many combinations of entries and exits possible with this EA, so it is well worth investigating. Well done Michalis.

    Cloaked_Wixard
    83
    Cloaked_Wixard 2017.04.19 21:09 
     

    Excellent service that you will always feel somebody backing up you until you familiar with the ea. Needless to say an ea with great potential for consistent profit unlike the other ea such as grid and scalping. This ea offer you great risk management and adjustable desired monthly return if you hardworking enough to try the setting. Remember, great sword provided to a swordsman does not mean he will win the battle, it depend on the swordsman how to utilize the great sword. In this case this ea is definitely a great sword. Premium version is a must if you want to be god level swordsman.

    Update

    Great service as always, solved several issue and technical questions. EA seller possess strong knowledge on forex and MT4. Start profiting using the EA. He will be a long term partner on my trading journey.

    sbucher
    194
    sbucher 2017.04.12 17:03 
     

    The service provided is the best.

    The programmer went way beyond my expectation to help me get started on existing trades.

    I hope the product is a good as the service.

    Martin Braun
    1028
    Martin Braun 2017.03.30 18:19 
     

    Please be aware, it's still a sort of Martingale under the hood, but this won't fail when it continues to go wrong in ONE direction. It will fail when the trend bounces back and forth and your settings are wrong for this particular situation. Also it risks only a fraction of your investment depending on your configuration, but with the wrong configuration it could risk all of your account. The tool is most effective when you use it on charts that don't like to change direction often and you need to take a lot of effort into fine-tuning this thing for every chart and time-frame.

    Long time ago I came to the conclusion that it's better to accept a loss, because at the very end this EA just distributes the risk into that one time, where you are unlucky, so in other words it gives false positives of security. The most important thing is that you need to understand that when this EA starts to recover, you already failed, otherwise you cannot learn your lesson and improve on your trades in the future.

    If you are aware of all that, this EA could support you, but please never wear rainbow glasses thinking you can mess up and it will be fine. Your biggest counter-part is your ego and it likes to trick you, especially when you see only profits in your performance when this EA was launched more than 50% of the times.

    With each time this EA launches, there is a little chance that the trend will give you a big middle finger and pass through the recovery of this EA. So with each time this EA launches you failed and pulled the hedging wheel of Martingale.

    Configuration is key. Try to trade good as if the recovery system isn't there, otherwise you cannot win, even with this EA when it comes to long term.

    Trade safe and stay healthy!

    Ron Glück
    235
    Ron Glück 2017.03.25 12:44 
     

    Wonderful EA, it does what you want. Best Strategy for every trade. You win every time. Thank you

    16069580
    26
    16069580 2017.02.26 18:12 
     

    It is actually an amazing EA. If you can optimise the EA settings to suit your trading style, there is a lot of profits to be made. I used the rented version for three months and I was still satisfied with it by the end of that duration. I managed to create consistent results with it once I found the right setup.

    Diego Reynoso
    1483
    Diego Reynoso 2017.02.24 18:46 
     

    After using it on a real account for a week i have to say that´s is a great product. Have no Losses. With the correct setup you will see how your account increases. The first days i tried differents setups and finally find the correct one.

    It´s important to leave the EA work and do not touch anything. Dont close any position for yourselve. Let the EA do that. At the end you will see the profits.

    It also important to setup correctly when the recovery starts and revoery exit. I´m using a different from the default, but i think the default settings are almost good for the principals currencies.

    You only have to be patient and beware of the %risk you use. Patience is the secret. Dont pretend double your account in a week. Take it easy and you are going to make very goods profits.

    Great support from Michalis also.

    Thanks for all

    Reply to review
    Version 12.4 2023.12.11
    Added time filter
    Version 12.3 2023.07.13
    Added option to specify after how many trades hedge recovery starts
    Version 12.2 2023.07.13
    Added option for Hedge to Start after specified number of trades
    Version 12.1 2022.11.08
    -Fix Expert Remove Bug
    Version 12.0 2022.10.06
    -Optimised Operation for faster and robust operations
    -Simplified and organised inputs
    Version 11.2 2016.06.30
    Resolved lot rounding issue when selecting multiplier mode
    Version 11.1 2016.05.25
    Removed the alert "hide" appearing with no reason.
    Version 11.0 2016.04.27
    Hopefully a number of reported bugs and the safety placing issue have been resolved
    Version 10.1 2016.04.04
    -Tried fixing the bug from v10 of double orders placement
    -Option safety placing added instead of forced to true (experimental): It will force an instant trade in the event an order does not get triggered.
    Version 10.0 2016.03.16
    - Forcing trade to be placed in case stop order does not get triggered.
    - Better control for grid trades.
    Version 9.4 2016.02.10
    Added ability to use as Recovery Zone Range the Stop Loss of the initial trade.

    Once the initial trade has been placed (manual/external EA trade), Loss Recovery Trader will read how many pips the Stop Loss of that trade was, remove the stop loss and save in its memory that number as the Recovery Zone Range. A stop trade will be placed at the opposite direction. (Not valid for Grid Mode or when Hedge Mode is 'false'). The Recovery Zone Exit Pips will be a multiple of the Recovery Zone Range Pips that you set.

    How to use
    Under Advanced Setting
    use_zone_as_external_sl : Set to True if you want to use this feature.
    recovery_zone_multiplier: How many times bigger than the Recovery Zone Range Pips the Recovery Zone Exit Pips will be.
    Version 9.3 2015.12.10
    Fixed lot calculation issue occurring when system restarts.
    Version 9.2 2015.11.30
    - Fixed the comment names, that sometimes were giving trade no 2 twice.
    Version 9.1 2015.11.23
    -Added the option "Close_Trades_Before_TP" where user sets whether or not the First Trade can be closed before reaching before reaching their selected Take Profit.
    Version 9.0 2015.11.18
    - Faster algorithm
    - More easy to use options

    - Ability to use with grid trades
    - Max drawdown option
    - Time filter options
    - Close on Friday options
    Version 8.2 2015.09.10
    Ability to terminate the external EA that opens the trades when External EA is used to initiate trades.
    Version 8.1 2015.09.03
    Trail the exit point for no_hedge mode
    Slippage mode for no_hedge mode
    Fixed some minor bugs
    Version 8.0 2015.08.14
    - Added No Hedge Recovery Mode to Allow traders with No Hedge capabilities to use the EA.
    Version 7.1 2015.05.06
    -Allows use on symbols/brokers where min lot size and increment is 0.1 or 0.01 . Automatically detected.
    -Faster Code.
    -Allows using pending orders from external manual trades or EAs.
    -Issue with Protect Profit resolved.
    -Kill All Now function for closing all open trades.
    Version 7.0 2015.04.23
    A significant number of bugs resolved.
    Version 6.0 2015.03.25
    Fixed a bug occurring when Enable Second Chance and Trailing Stop is True.
    Version 5.0 2015.03.23
    -Ability for trades to opened by an external EA , or manual trades to be recovered by the Loss Recovery EA
    -Second Chance mode that puts more weight in the initial trade giving it more chance to avoid falling into recovery zone
    -Ability to trail the exit points increasing the potential trades without increasing risk
    -Ability to determine the profits after recovery as a fixed amount
    Version 1.40 2015.01.20
    - When entering entry_price exceeding 0, an actual pending order is placed.
    - spread_close option for closing all trades once either reaches stop loss to avoid waiting the spread to cover opposite type spread to reach Take Profit.
    Version 1.10 2015.01.16
    - BackTest settings adjusted by default.