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Recovery Manager Pro MT4 is an expert advisor that takes over losing positions, opened by hand or by another EA, and works to reduce the drawdown using averaging, locking and partial closes. It can run in standby mode until a set drawdown is reached.
Get one message the moment it launches, with its price.
Recovery Manager Pro MT4 is an expert advisor built to deal with losing positions rather than to replace a primary trading system. It can take over trades opened by hand or by other advisors and try to reduce the drawdown step by step with averaging orders, locking and partial closes.
The EA can run in two ways. In active recovery mode it begins managing positions immediately. In standby mode it stays idle until a drawdown level that you define has been reached on the account. At that point it takes over order management for the affected positions.
Recovery relies on three techniques working together:
It can handle a single losing order as well as a grid of several losing orders. Entries for averaging follow a trend filter built on a custom moving average indicator, which is supplied with the EA.
Instead of tuning every parameter, you choose a risk level and the EA adjusts its working values automatically. Check the user guide for what each level changes, because averaging increases position size and exposure.
The EA operates on the symbol of the chart where it is attached. Attach it to each symbol whose positions you want it to manage. The vendor does not set one fixed timeframe in the description, so check the guide and test on your own symbol and broker data before deciding.
Exact input names and defaults can differ, so open the inputs tab and read the guide. The areas you should expect to review are listed below.
| Area | What to check |
|---|---|
| Mode | Active recovery or standby |
| Drawdown trigger | The loss level at which standby mode starts managing trades |
| Risk level | Preset that scales averaging and lot sizes |
| Trend filter | Moving average indicator parameters used for entries |
| Order scope | Whether manual orders, other EAs or both are handled |
Averaging and grid methods add to losing positions, so exposure can grow quickly if the market keeps moving against you. Locking does not remove a loss, it only pauses it, and swap and margin requirements continue. Do not use money you cannot afford to lose.
Trading carries risk, and past results do not predict future ones. Test the EA in the strategy tester with visualization and on a demo account before using it on a live account.
If you have questions about specific settings, check the included instructions first and test any change on a demo account.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (drawdown recovery utility) |
| Strategy style | Trend filter with grid-style averaging and partial closes |
| Markets | Works on the symbol of the chart it is attached to |
| Timeframes | Check the user guide and test before choosing one |
| Operating modes | Active recovery mode and standby mode |
| Extras | Custom trend indicator supplied for the trend filter |
| Requirements | Algo trading enabled; a hedging-capable account is needed for locking |
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Its main purpose is to handle positions that are already losing, whether you opened them by hand or another expert advisor did. In standby mode it waits and only acts when the drawdown you define has been reached. Check the settings to see exactly how it behaves on your account.
This listing is for MetaTrader 4. An MT5 build is a separate product and will not run on MT4, and the MT4 file will not run on MT5.
The EA works on the symbol of the chart where it is attached. To manage positions on other symbols you would normally attach it to those charts as well. Make sure magic numbers and filters do not conflict between charts.
Run it in the MT4 strategy tester with visualization turned on, and then on a demo account. Recreate a losing position or a losing EA to see how averaging, locking and partial closing behave with your broker's conditions.
It should run on most MT4 brokers, but spreads, stop levels, lot steps, swap and whether hedging is allowed all affect the result. Locking relies on being able to hold opposite positions, so confirm this with your broker.
Copy the EA file into the MQL4/Experts folder through File, Open Data Folder, restart MT4 or refresh the Navigator, then drag the EA onto a chart. Place the supplied custom indicator in MQL4/Indicators and enable algo trading.
Recovery Manager Pro MT4
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