Lock Recovery EA V3.0

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:

1. 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.
2. 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.
3. 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.
4. 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

1. Loss Detected:
   • Suppose you have a losing position on EUR/USD.
   • The EA identifies this as a potential recovery opportunity.
2. 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.
3. 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/

Happy trading!