Frequently Asked Questions
Below you can find frequently asked questions regarding Forex Recovery Bot and it's usage.
Q: Will the bot work with prop firms?
It is technically possible to use Forex Recovery Bot with prop firms, however please note; 1) The bot uses both hedging and grid style trading systems. Most prop firms ban these trading style systems. If your prop firm allows these trading system then it is possible to use the bot. 2) The bot only "locks" the original losing order drawdown. It is possible that the overall drawdown on the account may grow larger as the recovery process takes place. It is important to keep this fact in mind for prop firms that have a drawdown limit maximum.
Q: Does Forex Recovery Bot work with regulated US brokers?
No, unfortunately the bot is not compatible with US regulated brokers. USA brokers do not allow hedging, which is required to use the bot.
Q: Is it 100% guaranteed that the bot will be able to recover my order?
No, unfortunately it is not possible to guarantee that Forex Recovery Bot will be able to recover your trading situation. As demonstrated, Forex Recovery Bot is a powerful tool that can be used to recover losing trades, however there are simply too many unknown factors to guarantee 100% recovery success (ie; drawdown situation, future market conditions, volatility, etc).
Q: What recovery order lot size should I use?
Please review our lot size guide by clicking here.
Q: Will the bot work with prop firms?
It is technically possible to use Forex Recovery Bot with prop firms, however please note; 1) The bot uses both hedging and grid style trading systems. Most prop firms ban these trading style systems. If your prop firm allows these trading system then it is possible to use the bot. 2) The bot only "locks" the original losing order drawdown. It is possible that the overall drawdown on the account may grow larger as the recovery process takes place. It is important to keep this fact in mind for prop firms that have a drawdown limit maximum.
Q: Does Forex Recovery Bot work with regulated US brokers?
No, unfortunately the bot is not compatible with US regulated brokers. USA brokers do not allow hedging, which is required to use the bot.
Q: Is it 100% guaranteed that the bot will be able to recover my order?
No, unfortunately it is not possible to guarantee that Forex Recovery Bot will be able to recover your trading situation. As demonstrated, Forex Recovery Bot is a powerful tool that can be used to recover losing trades, however there are simply too many unknown factors to guarantee 100% recovery success (ie; drawdown situation, future market conditions, volatility, etc).
Q: What recovery order lot size should I use?
Please review our lot size guide by clicking here.
Updated on: 21/06/2024
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