• Input Settings Guide

  In this guide we will provide an overview and description of each of the input settings section for the bot. We strongly encourage users to read this guide in full, and contact us with any questions they might have about the settings features. Furthermore, we always advise users to test the bot on a demo account to ensure that full understanding of the bot and it's settings are had before using it on a live account. In this guide we will cover: Chart & Timeframe Settings General SPopular

• How Forex Recovery Bot Works

  Forex Recovery Bot is an automated trading utility for MT4/MT5 platforms that helps traders manage and recover from losing positions. Through systematic hedging and algorithmic position management, it works to minimize drawdown and restore account balance. We will cover the three step approach that Forex Recovery Bot takes in the guide below: Core Recovery Process: Step 1. Position Hedging When activated, the bot's first action is to hedge the volume of losing positions. This createSome readers

• Picking Your Recovery Settings

  This guide will cover the topic of recovery order settings. We will cover the following: What are recovery orders? Recovery order settings inputs What settings should I use for recovery trades Pre-Defined settings Manual settings What Are Recovery Orders? Forex Recovery Bot uses a grid style trading system to generate profit. The bot then uses a smart algorithm to close smaller parts of your total losing order volume using the profit, thus offsetting the loPopular

• Recovery Order Starting Lot Size Guide

  Forex Recovery Bot uses a grid-style trading system to build recovery positions in order to generate profit & restore other unprofitable positions on the account. In this guide we will help determine what an appropriate starting lot size might be for your account and recovery situation, as well as: Starting lot size chart Leverage considerations Risk management How to find your account equity Starting Lot Size Chart Based On Account Equity Below you can find a cSome readers

• Safety Center - Tips For Running The Bot Safely & Trend Filter

  This guide will cover the topic of bot safety, and the safety settings which are found within the bot input settings. This guide includes: Safety Tips Safety Settings Trend Filter Settings Other Safety Settings Safety Tips Unlike other EAs on the market, Forex Recovery Bot is unique in the sense that when the bot is started, it is already starting at a disadvantage of the account being a losing state. Therefore, it is extra important that we keep safety in mind when using the botFew readers

• How To Backtest Forex Recovery Bot

  Forex Recovery Bot is compatible with MT4/MT5 backtesting functionality. We highly recommend backtesting the bot before using it on a live account as there are many benefits for traders: 1) Test performance during historical drawdowns 2) Validate recovery strategies 3) Optimize parameter settings 4) Verify risk management rules In this guide we will cover the following topics related to backtesting the bot: How Backtesting Works Video demonstration BacktestinFew readers

• Positive Grid Feature Overview & Settings

  The positive grid feature was introduced from version 2.2 of Forex Recovery Bot. We introduced this feature to speed up recovery process by giving the bot the option to continue opening recovery trades even as price moves in our favor. In this guide we will cover all aspects of the positive grid feature, including: What is positive grid? How does it work? Video demonstration Positive grid settings What is Positive Grid? Positive Grid is an advanced feature in FoSome readers

• 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 priceFew readers

• Smart Closure Feature

  In version 2.3 we introduced a new feature called "Smart Closure". What is Smart Closure? When enabled, the bot will look for additional opportunities to close trades during the recovery process. For example, when the recovery process starts the trader might have 10 total losing trades. Over the course of the recovery process, price moves and now 5 of those orders are back in profit. If enabled, smart closure will allow the bot to use the profit from the 5 orders to close as much as the loFew readers

• 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?Few readers