WE HAVE DISABLED THE ADD TO CART BUTTON, BECAUSE THIS EXPERT ADVISOR IS NO LONGER WORKING, PLEASE SEARCH FOR ( TESTED ON 1420 ) IN THE MENU, THOSE ARE THE ONLY EAS CURRENTLY WORKING FOR MT4. ANYWAY WE ARE WORKING TO RECOMPILE AND MAKE THEM WORK AGAIN SOON.
Auto Recovery Manager is a system for tracking and recovering drawdown from other Expert Advisors. If another EA generates the specified drawdown, ARM will turn it off, lock the position and start the process of restoring the position using a partial close. The EA uses smart averaging, locking and partial closing in its trading.
It has an automatic dynamic tuning system. This means that the trader needs to choose the levels of risk to be used, and the EA will adjust the variables on its own. To calculate the variables, the EA uses data on the free margin of the deposit, as well as on the market volatility at the moment. When part of the drawdown is restored, the EA will continue to update the input settings data so that the activity matches the current volatility and deposit opportunities for opening positions. It is also possible to adjust all the values yourself without using auto-tuning.
Advantages:
ARM can set variables itself, you only need to select the desired risk level
Can restore individual Expert Advisors or orders opened manually
Can be used to automate tracking, averaging and closing manually opened orders as a tracking system
Able to turn off other advisers and work in drawdown standby mode
Has no unnecessary settings and is easy to run with a huge automated functionality
How to run an adviser:
If ARM will be launched to accompany another EA – place them on the same terminal or VPS. If you will launch the Expert Advisor during a drawdown, test the risk modes in advance, before connecting ARM in standby mode.
Before starting, add an adviser to the chart – it will calculate the settings. Next, these settings need to be launched in the strategy tester, see how the adviser works in the selected settings, in order to, if necessary, make a final risk adjustment before launching.
Important nuances:
If you use locking, it is better to disable other advisers.
Before launching ARM, it is better to read my recommendations and test the EA. ARM adjusts the risks itself – data on the current settings is displayed on the Expert Advisor panel.
For testing with automatic tuning, it is better to use the H1 timeframe. ARM uses volatility indicators from the H1 timeframe to automatically calculate the step.
Testing:
For testing, run the tester in the “Visualization” mode.
Open orders using the ARM panel for the EA to restore them.
To test the drawdown, set its value in the input variables and open orders using the panel, when the drawdown reaches the specified one, ARM will start recovery.
Test different risk modes before running in real work.
It is advisable to start using a demo account in order to understand all the nuances of the product.
Brand
EA MT4
Refund
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Download
To download this MT4 Expert Advisor require ADVANCED INSTALL SKILLS ( DLL ).
This is the most challenging way to download an Expert Advisor, but we will assist you and try to simplify the process if you follow all the steps in these instructions.
This Expert Advisor is a .zip file that include msimg32.dll. You must to follow the steps on the following video just to be able to download your product.
Install
The installation of this MT4 Expert Advisor is ADVANCED INSTALL SKILLS ( DLL ).
This is the most challenging way to install an Expert Advisor, but we will assist you and try to simplify the process if you follow all the steps in this video tutorial.
Responsability
Tradingview.video disclaims any responsibility for gains or losses resulting from the use of the strategies provided. We cannot guarantee the profitability of these strategies as multiple factors, including fees, settings, and risk management, significantly impact outcomes. Our primary responsibility lies in presenting comprehensive descriptions containing all available information, empowering you to make informed decisions independently.
Not all expert advisors come with presets. It is recommended to craft your own, finely calibrated to improve performance and minimize risks. Employ reliable historical data tools like Tickstory and Backtester Kicker to analyze various setting combinations.
Dedicate time to acquire the knowledge requisite for joining the 5% of successful traders in the forex market.
A crucial reminder: Always conduct thorough backtesting before deploying any strategy with a live trading account.
Kindly refrain from requesting recommendations for an EA; base your purchase decisions on the available information.
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Excelent Bot, recommended