Description
Original price: $199
Content: Expert: Recovery Manager Pro MT4_fix.ex4 (Unlocked for MT4 Build 1420+), Indicator: SMHA.ex4
Recovery Manager Pro (RM Pro) is a specialized Expert Advisor (EA) designed to recover losses from other EAs or manually opened orders within the MetaTrader 4 (MT4) platform. It offers a unique capability of working in drawdown recovery mode or standby mode, enabling traders to recover from unprofitable positions with minimal intervention.
This EA employs sophisticated techniques like smart averaging, locking, and partial closing to manage and restore the deposit after a drawdown, making it an essential tool for traders dealing with fluctuating market conditions and drawdowns caused by other advisors or manual trades.
Key Features
- Automatic Drawdown Recovery:
RM Pro automatically activates when a specified drawdown level is reached. It locks losing positions, disables the source EA, and takes over the recovery process by executing partial closures and averaging orders. - Standby Mode:
RM Pro can operate in standby mode, where it waits for a drawdown event. As soon as another EA generates a drawdown, RM Pro intervenes, locking positions and initiating the recovery process. - Smart Averaging and Locking:
The advisor opens averaging orders based on market trends to help restore unprofitable positions. It also employs a locking strategy to minimize losses while gradually recovering the deposit. - Partial Closures:
RM Pro utilizes partial closures to reduce the risk and exposure of unprofitable positions, helping to recover the account balance more effectively. - Custom Trend Indicator:
The EA operates using a custom trend indicator, provided as a bonus to all buyers. This indicator works with moving averages and helps the EA to align trades with the market trend, improving recovery performance. - Compatibility:
RM Pro is designed to work alongside other EAs or manual trades. It can manage a single order or a grid of unprofitable orders, offering flexibility for different trading styles and strategies. - Risk Management:
The advisor allows traders to set their preferred risk level, and it will dynamically adjust its trading strategies to work within these limits. This provides a customizable approach to balance between risk and reward.
How It Works
- Drawdown Detection: When another EA causes a drawdown, RM Pro identifies it and disables the problematic EA to prevent further losses.
- Order Management: RM Pro then locks the losing positions and begins a process of averaging and partial closures to restore the deposit.
- Trend-Based Trading: The EA uses its custom trend indicator to open orders in line with market conditions, improving the likelihood of recovery.
Recommendations
- Minimum Deposit: $1,000
- Currency Pairs: Works on any pair, focusing on the current symbol for recovery.
- Timeframe: Any
- Risk Settings: Adjustable to suit trader preferences, with automatic risk management.
- Custom Indicator: Provided as a gift to all buyers, enhancing the EA’s ability to trade in accordance with market trends.
Conclusion
Recovery Manager Pro is a powerful EA for traders looking to recover from drawdowns caused by other advisors or manual trades. Its dynamic recovery process, combined with features like smart averaging, locking, and partial closures, make it a valuable tool for maintaining account stability. By using a custom trend indicator, RM Pro ensures trades are aligned with the market, increasing the chances of successful recovery.
