Loss Recovery 1 MT5

Overview of Loss Recovery 1 MT5

Loss Recovery 1 MT5 is an Expert Advisor (EA) designed to recover losses from positions that were opened in the wrong direction, either manually or by another EA. This tool aims to close your position without resorting to dangerous martingale or averaging methods. Instead, it employs a smart and special hedging strategy to manage and recover losses.

Key Features

• Recovers losses without using martingale or averaging methods.
• Places positions in both opposite and same directions of the wrong position.
• Manages these positions using mathematical methods until the total loss is recovered.
• Offers multiple modes of operation: single position, all positions on account, all positions on the current chart, and all positions with a specific magic number.

Modes of Operation

• Single Position with Specified Ticket: Recovers only the in-loss position with the specified ticket.
• All Positions on Account: Recovers all positions with a loss greater than the specified distance to start.
• All Positions on Current Chart: Recovers all positions with symbols equal to the attached chart and loss greater than the specified distance to start.
• All Positions with Magic Number: Recovers all positions with a defined magic number and loss greater than the specified distance to start.

Recovery Triggers

• Fixed Points: Starts recovery when a specified drawdown in points occurs.
• ATR Points: Starts recovery based on the Average True Range (ATR) value.
• Percent of Balance: Starts recovery when the drawdown of the position is greater than a specified percentage of the balance.
• Loss Amount: Starts recovery when the loss amount reaches a specified value.

Position Management

• Distance to Start: The distance in points to start managing and recovering the loss.
• Distance of Positions: The distance in points or ATR multiplier to open the next level positions.
• Volume Percent for In-Dir Positions: The volume percent of positions in the same direction as the wrong position.
• Volume Percent for Opp-Dir Positions: The volume percent of positions in the opposite direction of the wrong position.
• Total Take Profit (TP): The total take profit of the basket of trades.

Testing and Recommendations

• For testing, you must enter position information in the wrong direction. The EA opens a position at the time, volume, and direction you entered and then starts managing the drawdown.
• It is recommended to disable any trading operations by other EAs on recovery-started positions.
• Works best for positions with large volumes. If your deposit is low, using cent or micro accounts is better.

Versions

• Loss Recovery 1: Uses a smart and special hedging strategy.
• Loss Recovery 2: Utilizes a zone recovery strategy.
• Loss Recovery 3: Employs an averaging strategy with various risk control features.

Conclusion

Loss Recovery 1 MT5 is a sophisticated tool designed to manage and recover losses without resorting to risky strategies like martingale or averaging. With its smart hedging strategy and multiple modes of operation, it offers a robust solution for traders looking to mitigate losses and recover their positions effectively. 🚀📈