In the volatile world of Forex trading, losses are inevitable. Whether these are incurred due to manual errors or faulty automated strategies employed by Expert Advisors (EAs), they can be challenging to recoup. Enter Loss Recovery 2 MT4, a unique tool designed to navigate these rough waters efficiently and safely. It leverages the Zone Recovery method without resorting to hazardous martingale or averaging techniques.
Trading Strategy of Loss Recovery 2 MT4
Loss Recovery 2 MT4, an EA, aims to close wrongly opened positions without any loss. While most EAs might employ the risky martingale methods, this one steers clear of such approaches. Its primary strategy revolves around the Zone Recovery method. As soon as the price exits from the zone, the EA will close the basket of trades without any loss. The zone can either have a fixed height or an increasing one. This EA also provides options for volume increasing.
How to Use Loss Recovery 2 MT4
Using Loss Recovery 2 MT4 is a simple process devoid of complicated input parameters. There are a few crucial parameters you need to set, such as EA Action, In-Loss Position Ticket (Order ID), In-Loss Position Magic, and parameters to decide when to start recovery. Depending on the EA Action selected, the EA can recover positions with loss greater than the “Distance to Start” field, or positions with a specified ticket or magic number.
Key Parameters for Effective Recovery
The parameters include Distance to Start (Zone Height) and Distance to Start (ATR Multiplier), which set the points for starting loss management and recovery. Other parameters such as Extend Zone Height and Volume Mode offer flexibility for traders. For example, the Volume to Add and Volume Multiplier options allow traders to determine the volume settings for each step. Furthermore, the Total Take Profit (TP) parameter lets traders set the total take profit for the basket of trades, or they can opt to recover losses only.
Independent Testing and Updates
For those interested in seeing this product in action, independent testing of Loss Recovery 2 MT4 is available on the forexroboteasy.com website. Subscriptions for updates on the testing results of this product are also available. This provides a real-world demonstration of the product’s capabilities and effectiveness in live trading scenarios.
FAQ Section
Does Loss Recovery 2 MT4 Use Martingale Methods?
No, this EA does not employ the potentially dangerous martingale methods. Instead, it uses the Zone Recovery method to ensure safe and effective trading.
Can Loss Recovery 2 MT4 Handle Multiple Positions?
Yes, depending on the EA Action setting, it can recover all positions with loss greater than the “Distance to Start” field, or positions with a specified ticket or magic number.
Where Can I See This Product in Action?
Independent testing results of Loss Recovery 2 MT4 are available on the forexroboteasy.com website. You can also subscribe for updates on the testing results of this product.
Can I Adjust the Parameters of Loss Recovery 2 MT4?
Yes, Loss Recovery 2 MT4 offers a range of adjustable parameters to suit individual trading strategies and risk tolerance levels.
If you have used Loss Recovery 2 MT4, we invite you to share your experience. Your feedback can provide valuable insights for other traders considering this tool. Please remember, this review is an independent analysis of the product and is meant to provide information to assist in decision-making.
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