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Recovery Manager Pro MT5 is an expert advisor that takes over losing positions, whether opened by another EA or by hand, and tries to reduce the drawdown using averaging, locking and partial closes. It can run in standby mode and act only when a set drawdown is reached.
Get one message the moment it launches, with its price.
Recovery Manager Pro is an MT5 expert advisor built to deal with positions that are already in loss. It can take over trades opened by another expert advisor or by hand, and it works to reduce the drawdown step by step with averaging orders, position locking and partial closing.
The EA has two main ways of running. In recovery mode it starts managing the open losing positions straight away. In standby mode it stays inactive until the account or position drawdown reaches a level you define. At that point it takes over order management, stops the other system from adding to the problem, locks the exposure and begins the recovery process.
Entries are filtered by a custom moving average trend indicator, which is supplied with the EA. It can work with a single losing order or with a grid of several losing orders.
The EA operates on the symbol of the chart it is attached to, so you attach one instance per symbol you want to manage. The vendor does not set a single required timeframe in the product summary. Check the settings guide, then test your preferred symbol and timeframe before using real funds.
The main control is a risk level, and the EA adjusts its behaviour automatically according to it. Exact input names and defaults can vary, so read the input list inside the terminal and the setup guide. The table below shows the areas you should review.
| Area | What to check |
|---|---|
| Risk level | Choose a conservative level first and compare results in the tester |
| Operating mode | Recovery mode or standby mode |
| Drawdown trigger | The loss level at which standby mode takes over |
| Trend indicator | Moving average parameters of the supplied indicator |
| Magic number | Which orders the EA should manage |
Averaging and grid methods add exposure while price moves against a position. This can make losses larger if the market keeps trending the wrong way. Use position sizes and a risk level that your account can absorb, and confirm that your broker's margin and stop-out rules suit this style.
Trading carries risk and past results do not predict future ones. Recovery tools cannot guarantee that a drawdown will be reduced. Test on a demo account first.
Before going live, run the Strategy Tester in visualization mode and then a demo account, so you can see how the averaging and partial closes behave on your broker's data.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Drawdown recovery and trade management |
| Strategy tags | Trend, grid |
| Markets | Works on the symbol of the chart it is attached to |
| Timeframes | Check the settings guide; test on your chosen timeframe |
| Trade style | Averaging, locking and partial closing |
| Modes | Recovery mode and standby mode |
| Requirements | Algo trading enabled; hedging account recommended for locking |
No reviews yet. Customers who own Recovery Manager Pro MT5 can review it here.
Yes. It is designed to take over losing positions from other advisors or from manually opened orders. In standby mode it waits until the drawdown you define is reached, then disables further activity from the other system as described in the setup guide and begins its own recovery process. Check how your other EA's magic number is handled in the settings before running it on a live account.
This listing is the MT5 version. A separate MT4 version exists as a different product, so make sure you download the one that matches your terminal. The two cannot be swapped between platforms.
No result can be promised. Averaging and locking can extend the time a position stays open and can increase exposure, and a deep drawdown may not be recovered. Trading carries risk and past results do not predict future ones. Test on a demo account first.
Locking opens positions in the opposite direction, which normally needs a hedging account. On a netting account, opposite orders offset each other, so the behaviour will differ. Confirm your account mode with your broker and test before going live.
Copy the expert file into the MQL5/Experts folder via File, Open Data Folder in MetaTrader 5. Place the supplied custom indicator in MQL5/Indicators, then restart the terminal or refresh the Navigator. Attach the EA to a chart and enable algo trading.
Yes. Run it in the Strategy Tester with visualization on, and then on a demo account, so you can see how it handles averaging and partial closes with your broker's symbol specifications, spreads and leverage.
Recovery Manager Pro MT5
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