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Product Published or Updated on September 27, 2024

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Description

Recovery Manager Pro: The Ultimate Drawdown Recovery System

Introducing Recovery Manager Pro, an advanced and fully automated system designed to recover drawdowns from other advisors or manually opened orders. With the ability to dynamically adjust based on your selected risk level, This EA ensures optimal recovery and profitability. Whether you’re looking to handle unprofitable positions or manage drawdowns from other trading advisors, this system operates in fully automatic mode, efficiently restoring your deposit using smart averaging, locking, and partial closures.

Why Choose Recovery Manager Pro?

Automated Drawdown Recovery

One of the standout features of Recovery Manager Pro is its ability to automatically take control when a drawdown occurs. In the event of an unprofitable situation caused by another trading advisor or manually opened orders, this system steps in, locks the position, and begins the recovery process. This ensures that your account’s drawdown is managed efficiently and effectively without requiring manual intervention.

Custom Trend Indicator

Recovery Manager Pro comes equipped with a custom trend indicator, allowing it to operate according to the current market trend. This proprietary indicator, provided as a gift to every buyer, ensures that This Expert Advisor opens averaging orders and performs partial closures in alignment with market movements, maximizing recovery potential while minimizing losses.

Key Features of Recovery Manager Pro

Standby Mode: The advisor can work in standby mode, allowing it to monitor other trading advisors or manual orders. Once a specified drawdown level is reached, This EA takes over, effectively locking the position and commencing the recovery process.

Partial Closures: By using a methodical approach to partial closures, Recovery Manager Pro gradually reduces the drawdown from unprofitable positions. This feature ensures that losses are minimized while profits are locked in over time.

Smart Averaging: This advanced trading system uses smart averaging techniques to recover drawdowns. By opening averaging orders, it strategically works to restore unprofitable positions, ensuring a quicker path to profitability.

How Recovery Manager Pro Works

Operating Modes

Recovery Manager Pro can operate in two primary modes: drawdown recovery mode and standby mode. In drawdown recovery mode, the advisor actively manages existing unprofitable positions. In standby mode, it remains inactive until another advisor generates a drawdown, at which point this EA takes control to start the recovery process.

Trend-Based Recovery: The system is designed to work according to market trends, utilizing the custom indicator to identify the most favorable times for opening averaging orders. This trend-based approach ensures that This Expert Advisor only engages in recovery processes when market conditions are most favorable, reducing risk and enhancing recovery success.

Who Can Benefit from Recovery Manager Pro?

Recovery Manager Pro is ideal for traders who experience drawdowns from other advisors or manually placed orders. It is especially beneficial for those who want to protect their capital, reduce drawdowns, and achieve faster recovery from unprofitable positions. With its ability to handle single orders or grids of unprofitable positions, this system is versatile enough for traders of all experience levels.

This system’s ability to automatically adjust based on your selected risk level means that both novice and experienced traders can use it effectively. Whether you’re looking to operate in a low-risk environment or prefer a more aggressive approach, Recovery Manager Pro has you covered.

Integrating This Expert Advisor into your trading strategy means less time spent worrying about unprofitable positions and more time focusing on profitable trading opportunities. It’s the perfect tool for maintaining a balanced and profitable trading account, regardless of market volatility.

Advantages of Recovery Manager Pro

  • Automatically adjusts based on selected risk level, ensuring safe and efficient recovery.
  • Works with losses from other advisors or manually placed orders, providing comprehensive drawdown recovery.
  • Capable of handling both single orders and grids of unprofitable positions.
  • Includes a custom trend indicator for optimal averaging orders and partial closures.
  • Monitors other advisors, taking over as soon as a drawdown is generated.
  • Works according to the trend, ensuring more effective recovery and reduced risk.
Feature Description
Drawdown Recovery Automatically manages and recovers drawdowns from other advisors or manually opened orders.
Partial Closures Uses partial closures to gradually reduce drawdowns and lock in profits.
Smart Averaging Opens averaging orders to restore unprofitable positions, ensuring quicker recovery.
Custom Trend Indicator Operates according to market trends using a custom indicator included as a gift to every buyer.
Standby Mode Monitors other trading advisors, taking over when a specified drawdown is reached.
Risk Level Adjustment Automatically adjusts according to your selected degree of risk, ensuring optimal performance.
Compatibility Works with both single orders and grids of unprofitable orders, making it versatile for any trading scenario.
Supported Instruments Operates on the current trading symbol, adapting to different market conditions.

Automated drawdown recovery process in action

Custom trend indicator settings in Recovery Manager Pro

Drawdown recovery using smart averaging technique

Standby mode monitoring for other trading advisors

Partial closures to minimize drawdowns

Recovery Manager Pro’s trend-based recovery strategy

Managing unprofitable positions with smart averaging

Dynamic adjustment based on selected risk level

Comprehensive drawdown management interface

Monitoring other advisors for drawdown recovery

Recovery Manager Pro in action on a trading account

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Brand

EA MT4

No Refund

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1. Digital Product Nature: Our products are exclusively digital, including but not limited to downloadable software, e-books, templates, and other digital content. Since these products are intangible and delivered electronically, they cannot be returned physically.

2. Refund Eligibility: Due to the inherent nature of digital products, we generally do not offer refunds once a purchase is made. We encourage customers to review the product description, features, and compatibility information before making a purchase decision.

3. Exceptional Circumstances: We understand that unique situations may arise, and we are committed to addressing them in a fair and professional manner. If you believe you have a valid reason for requesting a refund, such as a technical issue or error on our part, please contact our Customer Support team within [number of days, e.g., 14 days] from the date of purchase.

4. Technical Issues: If you encounter technical difficulties that prevent you from accessing or using the purchased digital product, please reach out to our Customer Support team for assistance. We will make every effort to resolve the issue promptly and ensure your satisfaction.

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install

The installation of this Expert Advisor is BASIC INSTALL SKILLS ( NODLL ).

This is the easiest type of installation for Expert Advisors.

This Expert Advisor is a .zip file and as it does not include msimg32.dll. You don’t need to deactivate your antivirus or anything like that; simply purchase and download.

Copy the EA folder content from your product to the EA folder of your MT4 installation.

 

Once all the files copied, open your Meta Trader 4 or refresh Expert Advisors, thats it.

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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1 review for RECOVERY MANAGER PRO

  1. admin (store manager)

    Great Ea, recommended

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