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Loss Recovery 1 MT4

Understanding Loss Recovery 1 MT4

  • Loss Recovery 1 is an Expert Advisor (EA) designed to recover losses from positions opened in the wrong direction, whether manually or by another EA.
  • This EA employs mathematical methods instead of risky strategies like martingale or averaging, enabling safer recovery operations.
  • It places both opposing trades and same-direction trades to manage positions effectively.

    • Features of Loss Recovery 1

  • Single or Multiple Recovery Options: The EA can recover a single specified position or all open positions on the account that are in loss.
  • Distance to Start Recovery: Users can set fixed points or ATR multipliers to determine when recovery actions should begin.
  • Volume Management: Offers customizable volume settings for both in-direction and opposite direction trades.

    • How it Works

  • Users specify the conditions under which recovery will begin, such as a fixed amount of loss or the percentage of the account balance.
  • The EA systematically opens new positions based on calculated distances and volume percentages.
  • It features options to calculate total take profit across all trades or to simply recover lost amounts without aiming for profit. 💰

    • Recommended Settings

  • For conservative recovery: Distance to Start set at 2000 points and next-level positions at 2000 points.
  • For more aggressive recovery: Distances can be reduced to 500 points for quicker action.
  • Recommended volume settings for recovering trades also include percentages that balance risk and potential for recovery.

    • User Guidance

  • It is recommended to disable any other EA while using Loss Recovery 1 to avoid conflicts in managing trades.
  • Patience is key; recovery can sometimes take days depending on market conditions. 🍀
  • Optimal results are often seen with accounts supporting hedge operations.

    • Conclusion of Use Cases

  • Whether you’re handling a single bad trade or multiple positions, Loss Recovery 1 is structured to provide a systematic approach to mitigating losses in Forex trading. 🌍

    • Ever been in a trading hole so deep that even a spatula wouldn't help? Meet Loss Recovery 1—your proverbial shovel for digging out. This EA claims to rescue your finances without the scary martingale monsters. But does it really deliver, or is it just another glittering bauble? ...

    Release Date: 27/02/2021

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