Trading Robots for MetaTrader 4

AW Recovery System

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195.00 USD

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Information

Experts
MetaTrader 4
15
Alexander Nechaev
1 June 2018
12.50
29 April 2020

Overview

Advisor is designed to reduce drawdown on the account. The author's algorithm locks the unprofitable position, splits it into many separate parts, and closes each of them separately.

It is the use of closing losses by parts to reduce losses with a smaller deposit load, which ensures a safer operation with losses, in contrast to the grid strategies of closing orders only in whole groups.


How is the restoration of orders

  1. The Expert Advisor closes the other windows of the selected tool in order to turn off the unprofitable Expert Advisors (optional).
  2. The Expert Advisor resets the TakeProfit and StopLoss levels for all processed orders and removes pending orders with the corresponding identifiers.
  3. The Expert Advisor closes all profitable orders processed in order to cover a part of unprofitable orders with the help of their profit and reduce the total position volume (optional).
  4. The Expert Advisor blocks a loss-making position by opening a locking order.
  5. Then, by opening the restoring orders, it proceeds to reduce the loss by partially closing unprofitable orders.
  6. In case of partial closure, the algorithm restores first of all orders that are least well arranged; each of the unprofitable orders is divided into many parts, each of which is closed separately by the adviser. Restoring orders are opened with a small volume in order not to significantly increase the load on the deposit.

A full list of input settings of the adviser with comments, instructions for setting up and testing and other important information can be found at this link - https://www.mql5.com/en/blogs/post/735630

When launching the strategy tester, the adviser opens one demo position, then for testing you need to use the buttons to open orders on the advisor panel.

Benefits: 

  • It is suitable for processing both a small number of orders and large grids of unprofitable orders.
  • Flexible to set up and can be used to restore losses, and as a full-fledged trading panel.
  • A large number of built-in security features.
  • It can be used to recover losses from individual advisors, and automatically start a recovery when a certain loss is reached.
  • Flexible processing of unprofitable orders and their partial closure
  • The trailing stop handler can process both the whole group of restoring orders and the first and last restoring orders to close the parts of the loss.

Advisor input settings:

The main settings sections are:

  • ORDERS TO RECOVERY SETTINGS - Section containing the basic settings of the adviser strategy. It contains variables that determine when recovery will begin and which orders will be processed.
  • PROTECTION SETTINGS - Section containing various protective functions.
  • RECOVERY GRIDS AND RECOVERY ORDERS SETTINGS - Section containing settings for grids and aggressiveness of restoring orders.
  • TAKEPROFIT AND PARTIAL RECOVERY SETTINGS - Section containing settings for closing parts of a losing position. That is, the settings of how the profit from the recovering orders will be used to restore the position.

Minor settings sections are :

  • NOTIFICATIONS SETTINGS - Section for setting notifications about the beginning and completion of recovery
  • INDICATORS - PARABOLIC SAR SETTINGS, INDICATORS - ALLIGATOR SETTINGS, INDICATORS - SIMPLE TREND SETTINGS - Settings sections of indicators that serve as trend filters.

    7 DAY MONEY BACK GUARANTEE

    If for any reason you do not like the purchased program, you can request a refund within 7 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

    Simply send a request for refund or exchange with your order number by email: [email protected].

    Refund requests received more than 7 days after purchase will be rejected.

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    RISK WARNING: ea-trade.pro is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.

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