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Recovery Sequences

To better understand how to use the parameters to set your preferred risk profile, we must first understand how the bot behaves. The following guide will use examples to show how the algorithm works.

How sequences work​

  1. Single Chart Awareness: The EA operates only within the chart it's attached to and doesn't recognize other instances of the same EA running on different charts.

  2. Buy and Sell Differentiation: The EA distinguishes between buying and selling directions in trading.

  3. Directional Switching on Loss: If a trade in one direction (e.g., selling) incurs a loss, the EA switches to the opposite direction (e.g., buying).

  4. Loss Recovery Mechanism: When the EA returns to the original direction (e.g., selling) after a losing trade, it remembers the loss. To recover the loss, it opens a larger position based on a "recovery factor".

  5. Return to Original Lot Size on Win: If the recovery trade is successful, the EA reverts to the original lot size for all future trades in that direction.

  6. Directional Switch on Recovery Failure: If the recovery trade fails, the EA switches directions once again.

  7. Multiplier for Subsequent Losses: Each time the EA loses in a particular direction, the next trade in that direction will have its size multiplied by the "recovery factor" until a winning trade is achieved in that direction and it returns back to the initial lot size.