Lock Recovery EA V3.0: Recovering Losses with Precision
Overview
- Name: Lock Recovery EA V3.0
- Version: 3.0 (Updated: July 2024)
- Telegram Channel: YoForexRobot
- Download Link: Lock Recovery EA V3.0
Strategy
The Lock Recovery EA V3.0 employs a sophisticated recovery system to restore losing positions while minimizing further losses. Here’s how it works:
- Loss Detection:
- The EA monitors your account for losing positions based on user-defined criteria (e.g., drawdown exceeding a certain percentage).
- When a loss is detected, the recovery process begins.
- Locking Mechanism:
- The EA locks the losing position by opening a new order in the opposite direction with increased volume.
- This prevents losses from worsening and essentially fixes the loss amount.
- Partial Closing:
- Rather than closing the entire losing position at once, the EA splits it into smaller parts.
- Each part is closed incrementally, reducing margin pressure and preventing margin calls.
- Profit Offset:
- Profitable trades are closed first, using their gains to offset some of the losses.
- This strategic approach ensures efficient capital utilization.
Recommended Settings
- Minimum Deposit: While the EA can work with various deposit sizes, consider starting with a minimum of $500 to $1,000.
- Timeframe: The Lock Recovery EA V3.0 is adaptable to different timeframes, but it performs well on H1 (1-hour) and H4 (4-hour) charts.
- Currency Pairs: The EA can be used on any major currency pair (e.g., EUR/USD, GBP/USD, USD/JPY).
- Risk Management: Set appropriate risk parameters, including initial lot size, stop loss, and take profit levels.
Example Trade Scenario
- Loss Detected:
- Suppose you have a losing position on EUR/USD.
- The EA identifies this as a potential recovery opportunity.
- Locking Process:
- The EA opens a new order on EUR/USD in the opposite direction with increased volume.
- This locks in the loss and prevents further downside.
- Partial Closing:
- As the market moves, the locked position is gradually closed in smaller parts.
- Profits from other trades contribute to offsetting the loss.
Download Links
- Website: Lock Recovery EA V3.0 Download
- Telegram Channel: YoForexRobot Telegram
- Download the EA from our website: https://www.forexfactory.cc/
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