Loss Recovery Trading Robot
This EA can be used for manual trading as wallpaper advisor or combine with another advisor for opening transactions. Loss Recovery Trading - a variant to control unprofitable positions instead of using stop-loss, setting zone and recovery targets for output of a sequence of steps.
How does he work?
If the price moves in the opposite direction from the first position to a certain number of points loss Advisor opens the opposite direction to the position higher than the calculated size of the lot, and will hold the first position. If the price reaches a target level (uptrend or downtrend), adviser to close all positions on the icon. If the price reaches the target level, the adviser will open the next step in the sequence. Thus, using this EA in the background, you will have input and two outputs (up or down does not matter).
Benefits
- Maximum recovery losses 5 symbols
- Manual opening deals
- The hidden and visible stop loss and take profit (SLTP)
- It provides the function of the output position to breakeven
- Provides the function of tightening Stop Loss behind the price (Trailing Stop).
- Intelligent Safe Use settings mode
- easy setup
Options
- EA Mode: Use mode selection parameter
- Max Number Of Different Symbols For Trading: the maximum number of characters that must manage Advisor
- Open Orders By: mode selection for the opening orders, we recommend the manual (Manual)
- Hidden / Show Stop Loss and Take Profit: mode selection use the hidden / visible stop-loss and take profit (SLTP), or off
- Comment Display Mode: mode display comments on the chart
- Max Similar Symbols: maximum number of characters similar to currency trading, it is recommended 1
- Use Auto Close Open Similar Symbols: When using this function Advisor automatically detect similar characters in the open position to close
- Lot Size Calculate Mode: mode selection for calculating the lot size: Auto (Auto Lot Size) or fixed (Fixed Lot Size)
- Fixed Lot Size: the value of the fixed lot size for opening deals
- Min Account Balance To Start Auto Lot Size: Minimum account balance for the beginning of the automatic calculation of the lot size
- Auto Lot Size Ratio Per Balance of $ 10.000 (<= 0.5): lot size multiplier for calculating the lot size for the transaction, based on the account balance, is recommended by 0.01 - 0.1
- Stop Loss (in points): stop-loss points
- Take Profit (in points): Take Profit in points
- Loss Handle Strategy: mode selection control unprofitable transactions: stop-loss and recovery loss or trailing (recommended)
- Zone Recovery Area Size (in point): size reduction zone for the open positions, the opposite trend
- Target Profit (in point): target level for the closing of all positions
- Max Turn Rounds (<= 50): the maximum number of steps in the recovery mode loss is recommended at least 15
- Use Reverse Loss Recovery Function: if the maximum number of steps is reached, the adviser will close the last position instead of opening new steps
- Anti-Trend Turn (2,4,6, ...) Keeping Lot Size (%): percent of initial lot size for opening advisor using loss recovery function, recommended 10%
- Follow-Trend Turn 3 Keeping Lot Size (%): percentage retention of the initial size of the lot to open advisor using loss recovery functions for step №3, recommended to 100%
- Follow-Trend Turn 5 Keeping Lot Size (%): percentage retention of the initial size of the lot to open advisor using loss recovery functions for step №3, recommended to 100%
- Follow-Trend Turn 7 Keeping Lot Size (%): percentage retention of the initial size of the lot to open advisor using loss recovery functions for step №3, recommended to 100%
- Follow-Trend Turn (9,11,13, ..., 49) Keeping Lot Size (%): percentage retention of the initial size of the lot to open advisor using restoration losses for step №3 functions recommended 20%
- Use Trailing Stop: Selecting the use of a trailing stop
- Min Profit To Start Trailing Stop (in point): minimum profit in pips for trailing activation function
- Trailing Points: Trailing in points (the distance from the current price)
- Trailing Step (in point): trailing stop step
- Use Break Even: the mode of using the translation function to breakeven
- Break Even Type: type selection transfers breakeven, stop-loss level bezubytka or trailing bezubytka level
- Close Break Even By: select units for calculation bezubytka, the percentage or amount
- Min Break Even Profit (>0) (in amount): amount to activate the function bezubytka
- Break Even Distance (in amount): the distance from the minimum income to roll back prices to close all trades
Recommendation
- Broker with low spreads
- It should be taken into account swap
Good luck trading!
Tony D. Pham (Tony D. Pham).
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