Loss Recovery 2 MT4

Overview of Loss Recovery 2 MT4

• Loss Recovery 2 is an Expert Advisor designed to recover losses from positions that were opened in the wrong direction.
• This EA does not rely on dangerous martingale or averaging methods.
• It employs a Zone Recovery method, ensuring that positions can be closed without loss when the price exits a specified zone.

Trading Strategy

• The EA focuses on recovering wrong positions using a systematic approach based on price movement.
• It can define a recovery zone with fixed or increasing height, making it flexible for different market conditions. 📈
• When the price exits the defined zone, the EA attempts to close a basket of trades without any loss.

How to Use Loss Recovery 2

• The EA features a user-friendly interface with minimal complex input parameters.
• Main options include selecting actions for specific positions, such as:
• Single Position with Specified Ticket
• All Positions on Account
• All Positions on Current Chart
• All Positions with Specific Magic Number

Recovery Parameters

• Recovery can be initiated based on:
• Fixed Points or ATR Points
• Percentage of Balance
• Amount of Loss
• Other customizable parameters include distance to start managing losses, zone height, and volume options.
• This flexibility caters to different trading styles and risk appetites. ⚙️

User Options

• The EA provides various volume modes, such as adding or multiplying position sizes during recovery.
• Users can also set take profit levels or operate in break-even mode to manage potential recovery profits.
• Live reporting can be enabled to monitor performance directly on the chart.

Recommendations

• It is advisable to disable any trading operations by other EAs on positions that are under recovery to prevent conflicts.
• Testing should be done thoroughly to determine the best settings for various trading pairs.
• This EA is best utilized in accounts that allow hedging, maximizing its zone recovery capabilities.