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Loss Recovery 3 MT5

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. The EA uses MQL5.com Calendar as the resource of 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.
  • The EA uses MQL5.com Calendar automatically . So it is not needed to add a link on the WebRequest list.



Versions :



We are ready to help you for using the EA, Please don't hesitate to contact us.
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This expert advisors search for short trend continuation movements, I recomend use it with BTC and ETH 5 Units left at 900 USD. Next price 1200 USD The approach is use a very few but high effectives rules / filters and an effective management of the opened position. Signal https://www.mql5.com/en/signals/2246489 Backtest The EA must be backtest in any timeframe, but for use in live, must be attached to a M5 chart. Live setup The EA is very easy to configure, and can be used
Eternal Engine EA es un asesor experto avanzado que utiliza múltiples indicadores y estrategias, proporcionando a los operadores con una herramienta de comercio automatizado integral. Ofrece numerosas oportunidades de comercio, no es sensible a los diferenciales, y emplea puntos de entrada estrictos para iniciar con precisión cada comercio. La estrategia ha demostrado en el mercado real, con una señal en tiempo real de un año de duración de dd.si usted es un principiante o un comerciante experi
Fenghuang EA utilizes clustering principles in machine learning to analyze data, identifying groups of objects or events with similar features or relationships. It uncovers hidden patterns and categorizes objects by similarities, aiding in the discovery of causal relationships. The EA allows for in-depth data analysis, highlighting significant relationships without risky techniques like martingale, netting, or scalping, making it compatible with various brokerage environments. Read more about th
Icona
Anton Kondratev
ICONA E   s un       Híbrido   completamente automático       Sistema   con Parámetros de Optimización Abiertos y   Mecanismo de Recuperación en Tiempo Real. Only 1 Copies of 10 Left  for 390 $ Next Price 799 $  GUIA DE ICONOS Unirse al grupo público Señales Reembolso de comisión Actualizaciones Mi blog Not    Grid        Not    Martingale        Not     AI         Not     Neural Network.    Default Settings for One chart     AUDUSD H1    (Supports 1OHLC mode for weak PCs) Cada puesto siempr
FT Gold Robot MT5
Marzena Maria Szmit
4.47 (59)
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Stanislav Tomilov
4.66 (35)
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Big Forex Players MT5
Marzena Maria Szmit
4.83 (47)
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
Harmony Drive
Marek Stanislaw Zygala
5 (4)
Harmony Drive es un sistema sofisticado que opera con una cesta cuidadosamente seleccionada de los siguientes símbolos: USDJPY, AUDCAD, CHFJPY, AUDUSD, USDCAD, USDCHF y NZDUSD. Estos pares fueron estratégicamente elegidos por sus características y comportamientos de mercado diversos: Pares principales como USDJPY y USDCHF ofrecen alta liquidez y spreads ajustados, ideales para el trading frecuente Pares vinculados a commodities como AUDUSD y NZDUSD proporcionan exposición a economías ricas en r
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
# Neon Trade MT5 Nuestra comunidad de Telegram Presentamos Neon Trade, una innovación única en el campo de las operaciones algorítmicas en los mercados de divisas que usa métodos avanzados de aprendizaje automático. Nuestro asesor es completamente autónomo y está listo para trabajar después de instalarse en cualquier gráfico y marco temporal. Funciona bajo el principio: colócalo en el gráfico y olvídalo. Lo único que debes hacer es permitir el acceso a mi API " https://xmpp.madsysadm.ru " en la
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Filtro:
Jacare_ASAS
247
Jacare_ASAS 2021.12.09 00:57 
 

Hi Kyra. Thanks for all your great support. Keep doing and improving your EAs, because they are really precise and useful. WBR, ASAS

Moh Lutfi Handayani Mba
576
Moh Lutfi Handayani Mba 2021.09.05 13:29 
 

Hi Kyra I already purchase the EA of Lost Recovery 3 MT5. Please guide me to setup the parameter, to recovery my lost on Nasdaq 100 Sept. Thanks Lutfi

Kyra Nickaline Watson-gordon
48888
Respuesta del desarrollador Kyra Nickaline Watson-gordon 2021.09.07 10:41
Your answer is on PV.
Respuesta al comentario
Versión 2.0 2024.05.28
Added new selection mode : "Multiple Positions With Defined Tickets"
News resource changed to MQL Calendar.
Versión 1.7 2023.02.14
Added option Enable/Disable FIFO closing rules
Faster Closing of orders.
Versión 1.6 2022.04.22
Added options for notifications and popup alerts
Added more options to close chart feature
Used 2x commission values to cover closing commissions of orders
Versión 1.5 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/
Versión 1.4 2021.11.03
Added Max Spread Control.
Versión 1.3 2021.09.18
Added
- commissions and swaps for profit calculation (optional).
Versión 1.2 2021.08.11
Updates to make it compatible with the new build of MT5 terminal.
Versión 1.1 2021.03.27
- Added Distance Based on ATR.
- Added Close Charts Option on Recovery Start.