Drawdown Recovery EA Features
The Drawdown Recovery EA is a powerful tool designed to manage and reduce account drawdowns effectively. By utilizing advanced algorithms, this Expert Advisor (EA) engages in strategies such as locking, averaging, and partial closing to stabilize your trading account.
Core Mechanisms
- Locking: Prevents the increase of drawdown by opening offsetting positions.
- Averaging Orders: Generates profits to counteract existing losses.
- Partial Closure: Breaks down large losing positions into smaller, manageable parts.
How the Drawdown Recovery EA Works
The EA assesses your account for losses and activates its locking strategy when a drawdown is detected. This involves balancing Buy and Sell volumes to maintain a constant floating loss. Long-term unprofitable trades are divided into smaller parts to facilitate easier recovery.
Order Management Logic
The EA opens new recovery orders using a grid system, based on the settings. Orders are initiated when previous trades are in loss, and these trades are marked with an “average” comment.
- Volume Calculation: New orders use a calculated small lot size based on a base lot and a specified coefficient.
- Closing Logic: When new averaging orders generate sufficient profit, partial closure of losing trades occurs.
Installation and Usage Guidelines
Ensure the EA is used under appropriate conditions, such as significant drawdowns and multiple active positions. Avoid deploying the EA for minor losses or single, small positions.
Installation Steps
- Download the Drawdown Recovery EA file.
- Open your MetaTrader platform (MT4/MT5).
- Navigate to “File” > “Open Data Folder”.
- Copy the EA file into the “Experts” folder.
- Restart the MetaTrader platform.
- Attach the EA to the desired chart and configure settings as needed.