Registered with the Chamber of Commerce Eindhoven, the Netherlands, under number Michalis is an honest, highly communicative and professional developer Whom you can trust and work with. Its does recover all my bad trades position with just a split of time.
What Trading Systems Are Best To Use With Advanced Loss Recovery?
Now at home traders can trade like the big bank traders, and never have another losing trade. That way, you can learn exactly what the software can and cannot do and ask questions to make sure this software is right for you. Basically, the software works like this. You place a trade like normal, but instead of a stop loss you have a zone where the software takes over the management of the trade.
What happens is, instead of taking the loss the software works you out of the trade in a way that you end up at breakeven, or even with some profit to show for the trade. Imagine how much your bottom line will be improved if all the losing trades turn into breakeven trades. And all this is done for you on autopilot. Dustin even had his 4 year old daughter place some trades randomly and the software made it so she profited.
Advanced Loss Recovery is serious software for serious traders. This does not mean you can over trade your account or place the trades using risky money management. However, used correctly it can eliminate losses, increase your profits and reduce stress of trading. I know what some of you are thinking.
The software is designed to work with trading systems that have an edge, use proper money management, have a risk to reward higher than 1: Therefore, this software is not good to use with scalping systems. The reason this does not work with scalping systems is because the software has to take additional trades to work you out of the original trade that went against you. If you have an extremely tight area to work with, the software will end up taking a lot of trades in a ranging market, which can really add up.
So, you need to use a trading style that lets the system have a little room to work. As a matter of fact, Dustin is going to explain exactly how in the webinar. Dustin is also giving a proven trading system to use with the software. There is no free lunch: No free lunch theorem - Wikipedia, the free encyclopedia. That does not mean a lot to US residents that a lot of brokers allow hedging unless they want to be targeted by the law enforcement.
If you do not like this strategy, ok just skip this thread and go forward, do not waste time here. I wish you the best. This is a forum, it is free to say anything or you can save the universe with a free strategy , so dont be offended. I was thinking how to improve this system even more and I think I have succeeded in doing that. So the main problem occurs during the ranging market conditions.
Then the EA will keep opening buy and sell positions every time the price will cross the recovery line levels. In worst case scenario it could open even 10 positions or even more. This will totally destroy the FreeMargin level and introduce a risk of "unfinished recovery" cycle.
The idea is to shift the recovery levels closer to the market, each time a new recovery trade is opened. Doing so, the EA would be targeting lower and lower recovery levels and this would increase the chance of successful recovery.
To test this improved recovery system the EA version The entry logic is:. This is of course the stupidest entry algorithm ever, so normally your account would be wiped out in several days. So let's run a backtest from until now and see if this system can survive this worst case random test. So as you can see, apparently this strategy can withstand even 7 years of random trading! What nbtrading was trying to tell you that US residents can not use that EA. They are obliged by the law to use US regulated brokers, and US forex brokers regulations prohibit single symbol hedging among other things.
To add comments, please log in or register. So everything started with the following simple question: We can take this one peace of reliable information and use it to our advantage. And here is how: The only way to find out the limits of this system is to play with it and adapt the parameters according to desired trading behavior. Link to this EA: Hi nevar, If you do not like this strategy, ok just skip this thread and go forward, do not waste time here. Hi Chris This is a forum, it is free to say anything or you can save the universe with a free strategy , so dont be offended.
Sounds interesting, will go through it.. Hi guys, I was thinking how to improve this system even more and I think I have succeeded in doing that. So my idea was to introduce a "moving recovery target" mechanism. The entry logic is: