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The AW Recovery EA MT5 is a unique Forex software designed to mitigate losses in Forex trading. This Expert Advisor has been developed with a distinctive algorithm that locks a losing position, divides it into several parts, and closes each part individually.
Understanding the AW Recovery EA MT5 Functionality
The AW Recovery EA MT5 is equipped with a variety of features that contribute to its Forex loss minimization capabilities. The system is built to recover unprofitable positions, which it achieves through a series of steps.
Firstly, it closes other windows of the selected instrument to disable unprofitable Expert Advisors. The system then resets TakeProfit and StopLoss levels for all processed orders and deletes pending orders with corresponding identifiers. Next, the EA closes all processed profitable orders to utilize their profit to offset part of the unprofitable orders and reduce the total position volume.
The AW Recovery EA MT5 then locks a losing position by opening a locking order. Following this, the system commences the reduction of the loss by partially closing unprofitable orders through the opening of restoring orders. The algorithm prioritizes the restoration of the least successful orders or the unprofitable orders that are closest to profitability. Each unprofitable order is divided into many parts, each of which the advisor closes separately. The restoring orders are opened with a small volume to avoid a significant increase in the deposit load.
Key Features of AW Recovery EA MT5
One of the main advantages of the AW Recovery EA MT5 is its ability to accompany other advisors and disable them at the right time. The EA automatically locks the position, resets TP and SL levels, and deletes pending orders. It restores a losing position in parts, allowing for a lower deposit load. The tool can be used to recover the loss of individual Expert Advisors or work on the current symbol. The robot combines functionality with simple and flexible settings for each specific situation. It has many protective functions, trend filtering, overlapping, etc. for risk management.
How to Trade with AW Recovery EA MT5
Trading with the AW Recovery EA MT5 involves three major steps. First, adjust the pitch and volumes, including the volume of the first averaging order, the step for averaging orders, and the ratio between averaging and closing and their volumes.
Second, set up additional features such as selecting the period for the trend filter, choosing a multiplier for averaging orders, and selecting Take Profit to close parts of a losing position with a specified profit.
Lastly, disable other Expert Advisors working with these orders, or let AW Recovery disable these Expert Advisors, or work without locking.
Testing the AW Recovery EA MT5
When starting the strategy tester, the advisor opens one demo position. Then, for testing, use the buttons to open orders on the advisor panel. Test your drawdown before launching using the “Visualization” mode in the strategy tester. Enter the deposit amount as used on the account to be recovered, select the launch mode, and enter the drawdown amount you want to recover. After starting the test, use the Expert Advisor panel to open the volume of positions equal to the specified drawdown. When the specified volume is reached, the EA will start working.
Is the AW Recovery EA MT5 multi-currency?
No, the EA is not multi-currency and works only on the pair it is installed on. To work on multiple tools, attach AW Recovery to each tool separately.
How does the AW Recovery EA MT5 start working?
The advisor leaves the standby mode and starts working when there is a losing position on the current symbol.
Where can I watch independent testing of this product?
Independent testing of the AW Recovery EA MT5 can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product.
We invite readers to share their experience of using the AW Recovery EA MT5. This review is an independent product review and is written in a neutral tone without any bias. We welcome your thoughts and feedback.
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However, I must point out that using the Numpy & Marching features requires a certain amount of margin money. For instance, with a 0.15 lot, a loss of 8000 yen would require a margin money of around 100,000 yen. This might seem like a lot, but in a market that moves about 1000 pip, it's a reasonable amount to keep you in the game.One thing I've noticed is that if your margin money is just enough to get by, you might not last long. I've found that adjusting the parameters, as suggested by other users, can lead to more stable results.There was one instance where the market moved over 4000 pip in a single go. In such situations, you'd need around 150,000 to 200,000 yen. If your margin money isn't sufficient, you'll end up in a loss cut situation while marching continues, reducing your balance by tens of thousands of yen.In conclusion, AW Recovery EA MT5 is a powerful tool for forex trading, but it requires careful management of your margin money. If used correctly, it can help recover losses and even turn a profit. However, it's important to be aware of the market movements and adjust your parameters accordingly.