Loss Recovery 3 MT4

Forex trading is rife with opportunities for missteps, which can lead to significant losses. The Loss Recovery 3 MT4 Expert Advisor (EA) presents a solution to this problem, offering a comprehensive mechanism to recover from such trading errors. Its fundamental function is to recover losses from trades that were initiated in the wrong direction, whether manually or by another EA.

Recovery Strategy: Averaging Method

The Loss Recovery 3 EA employs an averaging method to recover from wrong trades. This technique aims to minimize risk while maximizing the potential for profit. The EA is straightforward to use, devoid of complicated input parameters, making it ideal for both novice and experienced traders.

Utilizing the EA: Key Parameters

To effectively use the Loss Recovery 3 EA, certain primary parameters need to be set. These include EA Action, In-Loss Position Ticket (Order ID), In-Loss Position Magic, Consideration of Swaps and Commissions for profit calculation, Show Panel for live reporting on the chart, and an option to close all other charts at the start of recovery to prevent interference from other EAs.

Customized Recovery Options

The EA offers various recovery options to suit individual trader needs. These include recovering a single position with a specified ticket, all positions on account, all positions on the current chart, and all positions with a defined magic number. Each of these options has specific criteria related to the level of loss and other factors.

Control Over Recovery Start

Traders have control over when to start the recovery process. The EA offers three options: fixed points or ATR points, percentage of balance, and amount of loss. It also provides various distance and volume modes, TP and SL modes, and a maximum number of orders. These features provide traders with a comprehensive control suite to manage their recovery strategy effectively.

Frequently Asked Questions

What is the Loss Recovery 3 EA?

The Loss Recovery 3 EA is an Expert Advisor designed to recover losses from forex trades that were initiated in the wrong direction. It uses an averaging method as its fundamental recovery strategy.

How does the EA work?

The EA works by setting various parameters that determine the recovery strategy. It can recover a single position or all positions based on the set parameters. It also gives traders control over when to start the recovery process.

What unique features does the EA offer?

Unique features of the EA include consideration of swaps and commissions for profit calculation, a live reporting panel on the chart, and an option to close all other charts at the start of recovery.

Where can I find independent testing of the Loss Recovery 3 EA?

You can find independent testing of the Loss Recovery 3 EA on the forexroboteasy.com website. It is also possible to subscribe to updates on the results of testing this product.

Invitation to Share Experiences

If you have used the Loss Recovery 3 EA, we invite you to share your experiences. Your insights can be valuable to other traders considering this product.

The Loss Recovery 3 MT4 is a comprehensive solution for wrong forex trades and is designed to give traders greater control over their trading strategy. It’s worth considering for anyone looking to optimize their forex trading operations.