Disliked{quote} It was already shared by TicTac but then removed due to bugs maybe. We are waiting for v12 (with working Grid + TicTac). {file}Ignored
1
tictac-nur@Zone Recovery Management EA
this ea is a gift from heaven if you know how to use it... thank you master tiktak!!!
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Just want to inform anyone, who want to start using this EA on real, I have used for 2 months. First week, I made 2800 Euro, at 8th day, lost 3800 Euro.
Now 3 weeks ago, USDJPY crossed 16 cycles. At 17th, I manually hedged and locked the trade (Buy lots = Sell lots). Floating loss is -3500 Euro but I am still hoping against hope that one day I will be able to close these trades.
I was a big fan of zone recovery, even bought many from Mql5 site. In ranging, these type of EA's will blast your account, whatever setting you use.
Now 3 weeks ago, USDJPY crossed 16 cycles. At 17th, I manually hedged and locked the trade (Buy lots = Sell lots). Floating loss is -3500 Euro but I am still hoping against hope that one day I will be able to close these trades.
I was a big fan of zone recovery, even bought many from Mql5 site. In ranging, these type of EA's will blast your account, whatever setting you use.
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- #308
- Apr 25, 2018 3:06am Apr 25, 2018 3:06am
- Joined Jan 2016 | Status: Trader | 2,062 Posts
Just want to inform anyone, who want to start using this EA on real, I have used for 2 months. First week, I made 2800 Euro, at 8th day, lost 3800 Euro. Now 3 weeks ago, USDJPY crossed 16 cycles. At 17th, I manually hedged and locked the trade (Buy lots = Sell lots). Floating loss is -3500 Euro but I am still hoping against hope that one day I will be able to close these trades.
I agree with you.
There are 2 types of loss recovery:
- this one good in trending ad bad in ranging market.
- grid recovery good in ranging market and bad in trending market.
As you can see there is no solution for all types of markets.
What to do then?
- analyze the market conditions before entering in a trade and use the correct tool for that market condition.
- set the max drowdawn you can accept in case the things goes wrong.
- when you reached your max DD, come out from the trades no matter what.
Obviously the hope is to avoid these extreme conditions but we need to be prepared for that.
Yes, when you hit your max DD you will for sure have a big loss because nobody have big account to stand all market conditions (at least not me).
The above is my approach to the risk involved using these recovery tools.
Thanks
{quote} Hi I agree with you. There are 2 types of loss recovery: - this one good in trending ad bad in ranging market. - grid recovery good in ranging market and bad in trending market. As you can see there is no solution for all types of markets. What to do then? - analyze the market conditions before entering in a trade and use the correct tool for that market condition. - set the max drowdawn you can accept in case the things goes wrong. - when you reached your max DD, come out from the trades no matter with. Obviously the hope is to avoid these...
Thanks for your remarks. Yes, its true, some EA's are made fr ranging and some for volatility. I had the same approach and entered always as per nature of EA but it doesn't work always whatever cautions you use. Market stuck in range after breaking 100 pip zone.
You cannot close at maximum loss. For example, you will earn 100 $ per day and at 10th day, will lose 2000 $, and same again. So at the end of the month, your net loss will be - 2000 $.
Anyhow, I believe, there is an EA which can survive all kind of market conditions. There are other persons who believe on this (maybe all fools
)https://www.forexfactory.com/showthread.php?t=753580
I love martingale , hedge and grid because I dont know how to trade. Simple
And one day, I will code my own strategy for successful martingale hedging.
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- #314
- May 13, 2018 10:17am May 13, 2018 10:17am
- Joined Jan 2016 | Status: Trader | 2,062 Posts
Just want to inform anyone, who want to start using this EA on real, I have used for 2 months. First week, I made 2800 Euro, at 8th day, lost 3800 Euro. Now 3 weeks ago, USDJPY crossed 16 cycles. At 17th, I manually hedged and locked the trade (Buy lots = Sell lots). Floating loss is -3500 Euro but I am still hoping against hope that one day I will be able to close these trades.
{quote} Did you managed to come out from that -3500 floating loss?
Still Holding ....................... Delaying the blast
Everyday closing 0.10 / 0.20 trades and then get few pips and again lock.
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- #316
- May 13, 2018 10:25am May 13, 2018 10:25am
- Joined Jan 2016 | Status: Trader | 2,062 Posts
{quote} Still Holding ....................... Delaying the blast
