What is AW Recovery EA MT4?
AW Recovery EA is a powerful and intelligent Forex Expert Advisor specifically designed to recover losing or unprofitable positions. This advanced recovery system uses a smart algorithm that locks drawdown trades, splits them into smaller parts, and closes each portion individually to minimize loss and maximize recovery efficiency.
About the Developer
- Author: Alexander Nechaev
- Experience: Over 8 years of experience on MQL5.
- Notable Products: AW Recovery EA MT4 and many other products.
- Flagship Product: AW Recovery EA MT4 is rated as the best performing product of the year.
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Key Features of AW Recovery EA MT4
- Disable Ineffective EAs: Auto-turn off losing EAs on the same pair.
- Customizable Risk Settings: Adjust TP, SL, and pending orders on the fly.
- Profit-Offsetting Strategy: Close profitable trades to compensate for losses.
- Capital Protection Tools: Helps maintain account balance in volatile markets.
- Intelligent Order Splitting: Splits recovery trades for better control and lower risk.
How does AW Recovery EA MT4 work?
- Locks losing position automatically.
- Splits the position into smaller trades.
- Gradually closes profitable parts to offset losses.
- Applies trend filtering and averaging.
- Optionally disables other interfering EAs.
- Flexibility to operate with or without locking mechanisms.
- Easy tuning of order volumes, TP/SL, and trend filters.
AW Recovery EA MT4 Performance Review
- Fine-Tune Volume and Averaging Settings: Begin by adjusting the core trade parameters. Set the volume for the initial averaging order, refine the distance (step) between averaging orders, and calibrate the volume ratio between averaging and closing orders. This helps ensure optimal balance between recovery speed and risk management, laying a solid foundation for effective drawdown recovery.
- Configure Advanced Recovery Features: Next, optimize the EA’s smart features. Choose a suitable time period for the trend filter (if applicable), set a multiplier for scaling subsequent averaging orders, and define Take Profit levels. These configurations allow the EA to close parts of losing positions strategically at predefined profit levels, improving recovery efficiency.
- Manage Interaction with Other Expert Advisors: Finally, control how AW Recovery EA interacts with other Expert Advisors on your trading account. You can choose to deactivate conflicting EAs manually, allow AW Recovery EA to handle deactivation automatically, or run the system without any locking mechanism. This step ensures smooth operation and prevents order conflicts across multiple strategies.
What’s Included in the Download Package?
- Experts: AW Recovery EA v3.3_fix.ex4
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How To Set Up EA
🔻AW Recovery EA is a powerful MetaTrader 4 Expert Advisor designed to recover losing positions using grid and averaging strategies. Follow this step-by-step installation and setup guide to optimize performance and protect your capital.
🔴 Step 1: Install AW Recovery EA on MT4
- Download the EA file (.ex4 or .mq4 format).
- Open MetaTrader 4.
- Go to File > Open Data Folder.
- Navigate to:
MQL4 > Experts, then paste the EA file. - Restart MT4 or refresh the Navigator panel (right-click > "Refresh").
- Drag AW Recovery EA V3.3 onto your desired chart.
🔴 Step 2: Basic Configuration Settings
🔻 Orders to Recover
- Start with Easy to Close Orders – prioritizes trades closer to breakeven.
- Use Locking: ON – helps control drawdown by freezing losses.
- Delete SL/TP: ON – avoids interruption during recovery.
🔻 Launch Settings
- Start Type: Instant – EA activates immediately.
- Trigger Drawdown: 35% – recovery begins when losses exceed 35%.
- Close Profitable Trades: ON – focuses capital on recovery only.
🔻 Partial Recovery & TP Settings
- Partial Close: 3% – gradually reduces losing positions.
- Take Profit: 30 points – for partial recovery.
- Basket TP: $25 – closes all when profit target is hit.
🔻 Grid & Averaging
- Initial Lot: 0.06 | Multiplier: 1.3 – scales trade volume gradually.
- Grid Step: 200 pips – spacing between orders.
- Trend Filter: Simple Grids – disables trend filtering for basic logic.
🔻 Protection Features
- Max Slippage: 30 | Max Spread: 7500 – protects in volatile markets.
- Max Orders: 100 | Max Volume: 100.0 – caps grid exposure.
🔻 Visual & UI Settings
- Panel: Normal Size | Font: 6 – easy control and clarity.
- Show Profit: ON – displays closed trade profits on chart.
🔻 Trend Filter (Optional)
- AW Trend Predictor – filters entries by market direction.
- Amplitude: 4 | Timeframe: Current
Conclusion
In summary, AW Recovery EA MT4 is a powerful and intelligent solution for Forex traders looking to recover losing trades and protect their capital in volatile markets. Unlike traditional grid or averaging EAs, this Expert Advisor applies a smart recovery algorithm that locks losing positions, splits them into smaller parts, and strategically closes them with partial profits. This allows for a more controlled, flexible, and efficient way to manage drawdowns.
>>> Reviewed by Jason Stap <<<
