Metatrader hedging expert advisor that can hedge a losing trade, therefore recover the losses from a previous trade; also known as zone recovery, automatic loss recovery or recovery zone.
- set a recovery zone and place opposite hedging orders, then monitor the profit
- close hedging basket when profit reaches breakeven or a certain value OR...
- close losing trades and place stoploss for the winners, transforming a loss into a wining trade
Check the picture below to understand how zone recovery trading works in forex hedging. The lotsize of the hedging orders (opposite pending order) is determined by a multiplier set by the trader, or by the recovery zone ratio with the take profit.
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| RobotFX Auto Recovery EA - sets a zone recovery and hedges a losing trade |
Technically, the Auto Recovery EA places an opposite pending order at the Recovery Zone distance (pips) from the opening price, using a higher lot size. Compared to the classic stoploss which, when hit, leads to a loss, the automatic zone recovery takes a different approach to protect the loss recovery trader's equity. If the price doesn’t go in favor - and so Take Profit is not reached to close the trade - but instead reverses and hits the pending order, that pending order becomes an active hedging order of a higher lotsize. At the same time, the expert will open another hedge order, at the same zone recovery level and same kind (buy/sell) with the first one, but trading a higher lot size. Some forex traders call this advanced zone recovery (ALR, the area between the opposite trades).
The pending (hedging) orders’ lot size is calculated so that the profit will always increase (if the price hits them and continues further).
Eventually the price will breakout in either up or down direction, and the basket of trades will close when the profit reaches MinProfit, if the EA is set to do so. As a precaution, the recovery trader can limit the total number of opened trades (MaxOrders) and also to instruct the EA to close all of the trades (ForceCloseAtMaxOrders) regardless of the profit.
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| Auto Recovery EA is basically a hedging EA designed to recover the loss from a losing trade |
- Enter your Client Email - fill this with your email IF you are using a paid version of this EA on a LIVE account
- RecoveryZone - the number of pips from the opened trade where you want the hedge order to be placed; technically it is the height of the recovery zone
- TakeProfit has 2 functions:
- Normal take profit for the opened trades, if CloseTradesAtTakeProfit is set to true and the real profit is bigger than MinProfit
- The ratio between this and the RecoveryZone can be used to calculate the next recovery trade order lotsize (UseHedgeMultiplier must be set to false). A ratio of 1:1 (for example RecoveryZone 50, TakeProfit 50) will make the hedging order to be double the size of the previous/initial order
- HedgeMultiplier - IF UseHedgeMultiplier is set to true, this is the multiplier used to calculate the size of the next hedging order, based on the previous one(s)
- HedgeSingleOrder - if enabled, it will set the hedging lotsize based on the last order lotsize instead of considering the entire baskets of opposite trades
- MaxOrders - the maximum number of recovery trades allowed to be opened by the EA; use as a safety measure to restrict the EA opening too many trades, such as when a consolidation zone occurs
- MinProfit - minimum profit which, once reached, allows the EA to close a basket of trades (see CloseTradesAtMinProfit) or a trade at TakeProfit level (although at this point the profit should already be higher than MinProfit)
- BreakEven - once the price will move in your favor this number of pips (away from the opening price), the EA will set the stoploss at the trade opening price
- UseHedgeMultiplier - whether or not to use a lotsize multiplier for the hedging orders, instead of the ratio between the RecoveryZone and the TakeProfit
- HedgeMultiplier - the lotsize multiplier for the hedge orders, if the UseHedgeMultiplier is set to true
- WhenMinProfitIsReached - choose what to do when the basket profit reaches the MinProfit:
- CloseTradesAtMinProfit - once this profit is reached, the EA will start closing all opened trades on the chart. Set it to 0 if you want to close all trades at a cumulative break-even; however, please mind that between closing the first trade and the last one, the price might move and the profit (after close) might be slightly higher or lower than the MinProfit
- CloseLosersAndSetBreakEven - close the losing trades and place the stop-loss of the winning trades at a distance defined by the trader (see below)
- DoNothing - self explanatory
- TrailingStop for CloseLosersAndSetBreakEven (pips) - if #2 is triggered (above), this will be the trailing-stop for the remaining (winners) opened trades
- TrailingStep for CloseLosersAndSetBreakEven (pips) - if #2 is triggered (above), this will be the trailing-step for the remaining (winners) opened trades. Also, it defines the distance from the current price where the EA will place the stoploss (right after CloseLosersAndSetBreakEven will close the losing trades)
- CloseTradesAtTakeProfit - close trades at TakeProfit, if they are all profitable (ie profit > MinProfit)
- CloseTradesAtMaxOrders - whether or not to allow the EA to close all orders when the MaxOrders number is reached - will probably lead to some losses as the EA won't consider the profit and the MinProfit
- Slippage - the maximum distance, in pips, allowed for the price to move between sending a trade order to the server and execution (by the broker’s server)
- MagicNumber - leave this to -1 to trade manually (ie use the EA to hedge your personal trade) or set to match the MagicNumber of your other EAs (if you want the Auto Recovery to manage trades opened by other experts)
- TradeComment - use this to add a comment to the loss recovery trades opened by this EA, so you can monitor the logs easily
- ShowComment - displays information about the broker/trade(r)/basket on the chart
- ForceHedgeAtTradeOpenFail - if a hedge order is not triggered and the price “jumps” over it (example: gaps formed during the weekend) the EA will open a hedging trade and recalculate the recovery zone, the (other) opposite order etc.
- TestingLOTSIZE - applies only when testing the EA in the Strategy Tester and it defines the lotsize of the opened (first) random trade, as percentage of the entire equity (ie 0.01 = 1%, 0.1 = 10%, 1 = 100%)
Auto Recovery Expert Advisor Reviews & Comments
I LOVE THE NEW WEBSITE DESIGN ... and WHAT I LOVE THE ABSOLUT MOST IS THAT YOU ADDED CRYPTOCURRENCYS BTC FOR PAYMENT !!!!!! PERFECT !!!!!
NOW IT WOULD BE AMAZING IF YOU GO ! STEP FURTHER AND MAKE BOTS FOR CRYPTO CURRENCYS ... I WOULD LOVE TO BUY AUTORECOVERY BOT FOR CRYPTO AND I WOULD PAY 3 TIMES THE COST OF WHAT IT IS COST NOW !!!
Thank you. I believe it should wok on crypto just as it does on any other pair, as long as your broker provides crypto trading. Maybe download a demo version and try it.
hi,
thank you for this site! is there a demo version that i can run and test?
You're welcome. There is a Free downloads menu at the bottom of our site, just choose the product you're interested in there. Regards.
how much price of RobotFX Auto Recovery ?
Hi, thank you for your interest.
As stated on this page, the price is 114$.
thank
it's not possible to use an ex4 file in MT4 for démo !
REPLY to Unknown:
MT4 uses the .ex4 files, these being resulted from the compilation of the .mq4 files. Therefore, MT4 DOES NOT use the .mq4 files directly and only needs the .ex4 files.
If you have any issues and you need help, please use our troubleshooting page, not the comments.
https://www.robotfx.ro/p/troubleshooting.html
Hi Can you customize this ea as i would like to have it use a formula automatically based on the ATR for the recovery zone
recovery zone = ATR LEVEL * MULTIPLIED AMOUNT FROM SELECTABLE TIME FRAME
EXAMPLE TRADING 15 MINS CHART - ATR OF 50 PIPS ON 1 HOUR CHART
MULTIPLIED EFFECT = 2
2 * 50 atr = 100 pip recovery zone.
i used this as my indication of recovery zone level and works very well, but would be better to have this option automated more for efficiencies.
I downloaded data from MT4 and did some statistics on a recovery zone approach, and inspected how many times the price could vibrate inside the zone and generate extra orders, and I found that even if you started with a size of 0.01 then this zone recovery area will eat up all of your account as it may reaches 23 times of vibration (I used data for only 3 months).
Can you put a video to test your settings for 1 year and prove it is working?
By the way I did not find any explanation videos at all on your website, am I wrong?
REPLY to Anonymous:
I'm guessing that by 'vibration' you mean consolidation zone :)
Depending on the size of your recovery zone, the number of trades might increase or decrease. Also, make sure that you have a limit, set by the MaxOrders. Did you understand all the settings?
I want to add some options for the zone recovery bot, can i contact someone to give him what i want to add so he can reprogram the bot as i want and i can pay an extra fee for that
REPLY to Sankar:
Sure you can, just use the contact form to send your message. Thanks.
Hi, can it be used for open orders from another EA? Thank you
Hi Massimo,
Yes, it can manage orders opened by another EA, as long as the magic numbers are the same. Please watch the videos and try it on a demo account.
Thank you
hello. is it possible to actually make this strategy work properly on actual real trading on an exchange (for instance crypto), connecting the advisor and the exchange via API for example? thanks, really this strategy is great!
Hi GiOrDy087,
I'm not sure what you mean by connecting via API and to what exactly, but our EAs work on any chart, including crypto if your broker is offering this to trade.
Auto Recovery EA is EASILY the best and most winning robot I have ever used; I've been trading for 3 years straight and now - this is the ONLY WAY I TRADE. Awesome!!
its ok
May be adding trailing to BE can improve the gain.
Hi FlyFX, trailing is possible if CloseLosersAndSetBE is set, just follow the instructions in the videos or on the EA's page.
For more complex trailing options we suggest the Trailing Stop EA or an all-in-one EA such as the Fluid EA, because trailing is not the main purpose of the Auto Recovery, it is hedging. And these 2 usually do not play well together.