Version 2.4 Beta Information
Version: 2.4 Beta 2
Release Date: September 3, 2024
Notes;
This a beta version of Forex Recovery Bot for testing purposes and feedback. We strongly suggest using this version on a demo account, as there maybe undiscovered bugs. The client accepts all risks of using the beta version.
Version 2.4 will require the following MetaTrader builds:
MetaTrader 4: Build 1421 and above required
MetaTrader 5: Build 4473 and above required
Changelog:
[Bug Fix] - Fixed a bug where the bot would display "recovery successfully" upon start up if the bot had ran previously on the account.
[Improvement] - We adjusted the "maximum lot" setting to improve the safety of recovery trades. The maximum lot setting can now be used to declare the largest lot volume that can be used for recovery grid trades. For example, if we set the maximum lot to 0.15 the bot will operate the recovery trades normally with increasing trade volume as more recovery trades are added to the grid. Once the bot reaches 0.15, it will stop increasing the trading lot volume for any new recovery trades that are opened. Each time a new recovery trade is opened it will be 0.15 until the current recovery grid is closed. This can be used to stop situations where the grid trade volume grows rapidly and puts stress on account margin.
Version: 2.4 Beta 1
Release Date: August 28, 2024
Notes;
This a beta version of Forex Recovery Bot for testing purposes and feedback. We strongly suggest using this version on a demo account, as there maybe undiscovered bugs. The client accepts all risks of using the beta version.
Changelog:
[New Feature] - Added the ability for a second hedge to be opened if recovery trades are adding more drawdown to the account
This feature is found under "recovery order settings" and is controlled by the input "Recovery Order DD% to start double hedge". If the recovery orders add additional DD the bot will add a second hedge for the recovery orders for DD control.
[New Feature] - Ability to specify which specific chart symbols to close at the start of recovery
This feature can be found in the input settings, titled "Charts to close". Here you can enter the symbols for the charts that you wish to close at recovery start.
[New Feature] - Added advanced log output option, for debugging problems
[Improvement] - Added function for the bot to re-hedge the trade volume if hedge is broken (makes smart recovery feature much more usable)
This feature can be controlled by the input setting "Keep losing orders hedged at all times", which is enabled by default
[Improvement] - Upon starting, the bot will instantly hedge the losing order volume, even if there is a news event
[Improvement] - Added on-chart display if new orders are paused due to a news event
In Progress:
[Bug Fix] - Working to fix a bug which Forex Recovery Bot claims recovery is completed at the start of recovery, if the bot has previously ran on the account. This bug is a graphic bug, and does not affect the operation of the bot.
[Bug Fix] - Fixing a bug to allow multiple instances of the bot to be ran on the same account.
[Adjustment] - Making an adjustment to maximum lot size to better improve the health of recovery possibilities.
Report Feedback & Bugs:
To report your feedback on this beta version or if you notice any bugs please use the chat widget on the bottom right of our web page, or the contact form on our website.
Release Date: September 3, 2024
Notes;
This a beta version of Forex Recovery Bot for testing purposes and feedback. We strongly suggest using this version on a demo account, as there maybe undiscovered bugs. The client accepts all risks of using the beta version.
Version 2.4 will require the following MetaTrader builds:
MetaTrader 4: Build 1421 and above required
MetaTrader 5: Build 4473 and above required
Changelog:
[Bug Fix] - Fixed a bug where the bot would display "recovery successfully" upon start up if the bot had ran previously on the account.
[Improvement] - We adjusted the "maximum lot" setting to improve the safety of recovery trades. The maximum lot setting can now be used to declare the largest lot volume that can be used for recovery grid trades. For example, if we set the maximum lot to 0.15 the bot will operate the recovery trades normally with increasing trade volume as more recovery trades are added to the grid. Once the bot reaches 0.15, it will stop increasing the trading lot volume for any new recovery trades that are opened. Each time a new recovery trade is opened it will be 0.15 until the current recovery grid is closed. This can be used to stop situations where the grid trade volume grows rapidly and puts stress on account margin.
Version: 2.4 Beta 1
Release Date: August 28, 2024
Notes;
This a beta version of Forex Recovery Bot for testing purposes and feedback. We strongly suggest using this version on a demo account, as there maybe undiscovered bugs. The client accepts all risks of using the beta version.
Changelog:
[New Feature] - Added the ability for a second hedge to be opened if recovery trades are adding more drawdown to the account
This feature is found under "recovery order settings" and is controlled by the input "Recovery Order DD% to start double hedge". If the recovery orders add additional DD the bot will add a second hedge for the recovery orders for DD control.
[New Feature] - Ability to specify which specific chart symbols to close at the start of recovery
This feature can be found in the input settings, titled "Charts to close". Here you can enter the symbols for the charts that you wish to close at recovery start.
[New Feature] - Added advanced log output option, for debugging problems
[Improvement] - Added function for the bot to re-hedge the trade volume if hedge is broken (makes smart recovery feature much more usable)
This feature can be controlled by the input setting "Keep losing orders hedged at all times", which is enabled by default
[Improvement] - Upon starting, the bot will instantly hedge the losing order volume, even if there is a news event
[Improvement] - Added on-chart display if new orders are paused due to a news event
In Progress:
[Bug Fix] - Working to fix a bug which Forex Recovery Bot claims recovery is completed at the start of recovery, if the bot has previously ran on the account. This bug is a graphic bug, and does not affect the operation of the bot.
[Bug Fix] - Fixing a bug to allow multiple instances of the bot to be ran on the same account.
[Adjustment] - Making an adjustment to maximum lot size to better improve the health of recovery possibilities.
Report Feedback & Bugs:
To report your feedback on this beta version or if you notice any bugs please use the chat widget on the bottom right of our web page, or the contact form on our website.
Updated on: 04/09/2024
Thank you!