Recovery Time Overview
The amount of time that it takes Forex Recovery Bot to recover your order(s) will vary on several different factors, such as;
Market condition (price movement, volatility, news events, etc)
Your recovery settings (low, medium, high risk)
The number of lots and drawdown that needs to be recovered
Generally, lower risk settings will result in longer recovery time because the bot is set to use a more conservative approach. Our low risk settings will have the bot only trade the current price trend. There will usually only be one buy grid or one sell grid open. The bot will rarely have a grid open in both directions. This approach will result in longer recovery time, however there is less risk for added drawdown created by the bot as it aims to follow the overall price trend.
Using a medium-high risk setting will usually result in faster recovery time, but at the risk of the bot adding more drawdown. Medium/high risk settings will allow the bot to create both buy and sell grids at the same time. This will allow the bot take recovery trades no matter which direction price moves. However, it is important to note that this also exposes us to price at both directions. If price moves sharply in one direction this may result in increased drawdown to the account.
We have seen traders take a “hybrid” approach; first they will start with low risk settings and allow the bot some time to bring down drawdown to a more manageable level. Once the bot recovered some orders they will switch the settings to medium/high risk as there is now more room for the bot to operate since drawdown was reduced.
Market condition (price movement, volatility, news events, etc)
Your recovery settings (low, medium, high risk)
The number of lots and drawdown that needs to be recovered
Generally, lower risk settings will result in longer recovery time because the bot is set to use a more conservative approach. Our low risk settings will have the bot only trade the current price trend. There will usually only be one buy grid or one sell grid open. The bot will rarely have a grid open in both directions. This approach will result in longer recovery time, however there is less risk for added drawdown created by the bot as it aims to follow the overall price trend.
Using a medium-high risk setting will usually result in faster recovery time, but at the risk of the bot adding more drawdown. Medium/high risk settings will allow the bot to create both buy and sell grids at the same time. This will allow the bot take recovery trades no matter which direction price moves. However, it is important to note that this also exposes us to price at both directions. If price moves sharply in one direction this may result in increased drawdown to the account.
We have seen traders take a “hybrid” approach; first they will start with low risk settings and allow the bot some time to bring down drawdown to a more manageable level. Once the bot recovered some orders they will switch the settings to medium/high risk as there is now more room for the bot to operate since drawdown was reduced.
Updated on: 21/06/2024
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