ROBOTFX.ORG MetaTrader Hedging Expert Advisor - RobotFX Auto Recovery (v4.32)
- 3 years ago
#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. Playlist https://www.robotfx.org/
Auto Recovery main functions:
1. set a recovery zone and place opposite hedging orders, then monitor the profit
2. close hedging basket when profit reaches breakeven or a certain value
3. close losing trades and trail stoploss for the winners, transforming a loss into a wining trade
Download: https://www.robotfx.org/p/auto-recovery.html
RobotFX Auto Recovery is a Metatrader expert advisor designed to recover the loss of a losing trade by opening an opposite trade, or more, if it’s the case. If you are familiar with, this is one of the trade management part of the RobotFX Fluid EA, with less features (basically the HedgeZone). A very simple but effective way to hedge a losing trade so it will close in profit, at least at break-even. The automatic loss recovery algorithm used by this MT4 recovery zone EA is far better than using a stoploss and incomparable to a martingale trading strategy. This MT4 EA has been inspired by Joseph Nemeth's "zone recovery" trading strategy.
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 main functions:
1. set a recovery zone and place opposite hedging orders, then monitor the profit
2. close hedging basket when profit reaches breakeven or a certain value
3. close losing trades and trail stoploss for the winners, transforming a loss into a wining trade
Download: https://www.robotfx.org/p/auto-recovery.html
RobotFX Auto Recovery is a Metatrader expert advisor designed to recover the loss of a losing trade by opening an opposite trade, or more, if it’s the case. If you are familiar with, this is one of the trade management part of the RobotFX Fluid EA, with less features (basically the HedgeZone). A very simple but effective way to hedge a losing trade so it will close in profit, at least at break-even. The automatic loss recovery algorithm used by this MT4 recovery zone EA is far better than using a stoploss and incomparable to a martingale trading strategy. This MT4 EA has been inspired by Joseph Nemeth's "zone recovery" trading strategy.
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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