AW Recovery EA MT4 Settings Explained – Complete Recovery Trading Guide
AW Recovery EA MT4 is a powerful MetaTrader 4 Expert Advisor (EA) specifically designed for trade recovery, averaging systems, basket management and drawdown control.
The EA helps traders recover losing positions using smart grid strategies, partial recovery logic, trend filtering and adaptive averaging techniques.
With advanced protection settings and flexible launch configurations, AW Recovery EA MT4 is ideal for traders looking to manage difficult market conditions while maintaining portfolio stability.
AW Recovery EA MT4 Full Settings Explanation
Below are the details of the parameters in the advisor’s trading system settings table:
Orders to Recovery Settings
🔹 ORDERS TO RECOVERY SETTINGS: Main section used for configuring recovery trade management.
🔹 What orders to start from = Start with easy to close orders: The EA prioritizes recovery from positions that can be closed more easily.
🔹 MagicNumbers group for recovery = All orders on same Symbol: Recovery system manages all trades on the same trading symbol.
🔹 MagicNumbers for recovery (sep by comma “,”) = 12345,54321,0: Defines the Magic Numbers included in the recovery process.
🔹 First ticket for recovery (0-not used) = 0: No specific trade ticket is selected for manual recovery initialization.
🔹 Use locking = On: Enables hedge locking protection during recovery operations.
🔹 Delete SL and TP = On: Removes existing Stop Loss and Take Profit levels before recovery processing.
Launch Settings
🔹 LAUNCH SETTINGS: Section used for configuring EA startup conditions.
🔹 Type of Launch = Instant start: Recovery process starts immediately when conditions are met.
🔹 Drawdown in percentage or in money to Launch = 35.0: Recovery system activates at 35.0 drawdown level.
🔹 Disable other EAs at Launch = Do not disable other advisors: Other Expert Advisors continue running during recovery mode.
🔹 Close profit at Launch = On: Automatically closes profitable positions when recovery starts.
🔹 Delete Pending Orders at Launch = On: Removes pending orders during recovery activation.
TakeProfit and Partial Recovery Settings
🔹 TAKEPROFIT AND PARTIAL RECOVERY SETTINGS: Section controlling basket profit and partial recovery logic.
🔹 Part to close from a loss-making position = 0.03: Closes 0.03 lots from losing trades during partial recovery.
🔹 TakeProfit for partial close = 30.0: Partial close activates after 30.0 profit points/pips.
🔹 Allow overlap after number of orders = 2: Allows overlapping recovery positions after 2 orders.
🔹 Use TP for total basket if possible = Off: Disables unified Take Profit for the entire basket.
🔹 TP for total basket in money = 25.0: Basket Take Profit target is set at $25.0.
Recovery Grids and Average Orders Settings
🔹 RECOVERY GRIDS AND AVERAGE ORDERS SETTINGS: Section controlling averaging and grid recovery logic.
🔹 Trend filtering for average orders = Simple Grids: Uses a basic grid filtering method for recovery trades.
🔹 Allowed types of average orders = Buy and Sell orders: Recovery system supports both Buy and Sell averaging trades.
🔹 Volume of first average order = 0.06: First averaging trade opens with 0.06 lots.
🔹 Multiplier to volume = 1.3: Each new averaging order increases by a multiplier of 1.3.
🔹 Step for average = 200: Distance between averaging trades is 200 points/pips.
🔹 Multiplier to step = 1.0: Averaging step distance remains fixed because multiplier is 1.0.
Protection Settings
🔹 PROTECTION SETTINGS: Section used for risk protection and execution controls.
🔹 One Opened Order per Bar filtering = On: Limits the EA to opening only one trade per candle/bar.
🔹 Multidirectional trading = Off: Prevents simultaneous Buy and Sell recovery trading.
🔹 Maximum slippage in points = 30: Maximum allowed slippage is 30 points.
🔹 Maximum spread in points = 7500: Maximum spread filter is configured at 7500 points.
🔹 Maximum volume of average order = 100.0: Caps averaging trade size at 100.0 lots.
🔹 Maximum number of average orders = 100: Allows a maximum of 100 averaging positions.
🔹 MagicNumber of average orders (Should be unique) = 9751421: Unique Magic Number assigned to averaging trades.
🔹 Use full commission when calculating = false: Commission costs are not fully included in calculations.
🔹 Notifications at launch and end of work = Off: Disables notifications during startup and shutdown.
🔹 Open Average orders via Panel = false: Manual panel-based averaging is disabled.
🔹 Show Possible Closures panel = On: Displays a panel showing potential recovery closure opportunities.
🔹 TakeProfit Mode = Use TP Points: Uses fixed Take Profit points for recovery exits.
Graphics Settings
🔹 GRAPHICS SETTINGS: Section controlling the visual appearance of the EA panel.
🔹 Color Cheme for Panels = Dark scheme: Uses a dark visual theme for interface panels.
🔹 Show closed profit on chart = Show images on chart: Displays graphical information and closed profit visuals on the chart.
🔹 Show Panel = Show panel normal size: Displays the standard-size EA control panel.
🔹 Font size = 6: Interface font size is set to 6.
🔹 Show line of possible zone for closures = false: Disables display of potential closure zone lines.
AW Trend Predictor Filtering Settings
🔹 AW TREND PREDICTOR FILTERING SETTINGS: Section used for trend prediction filtering logic.
🔹 AW Trend Predictor timeframe = current: Uses the current chart timeframe for trend prediction.
🔹 Amplitude AW Trend Predictor = 4: Trend predictor sensitivity/amplitude is set to 4.
🔹 Signals of AW Trend Predictor = First trade by trend direction: Initial trades follow the detected market trend direction.
🔹 Averaging with Trend Predictor filtering = Averaging in any direction: Averaging trades can open regardless of trend direction.
Conclusion
AW Recovery EA MT4 is an advanced recovery and basket management Expert Advisor built for traders who need powerful drawdown recovery capabilities.
With flexible averaging systems, smart recovery grids, locking protection, trend filtering, and basket profit management, the EA provides a comprehensive solution for handling difficult market conditions in MetaTrader 4.
FAQs
❓ What is AW Recovery EA MT4?
AW Recovery EA MT4 is a MetaTrader 4 Expert Advisor designed for recovery trading, averaging systems, and drawdown management.
❓ Does AW Recovery EA MT4 support hedge locking?
Yes, the setting Use locking = On enables hedge locking during recovery operations.
❓ How many averaging trades can AW Recovery EA MT4 open?
The EA allows up to 100 averaging orders simultaneously.
❓ Can AW Recovery EA MT4 manage both Buy and Sell trades?
Yes, the EA supports both Buy and Sell averaging and recovery positions.
❓ What drawdown level activates the recovery system?
The recovery process starts when drawdown reaches 35.0 according to the launch settings.
