From now on traders have the possibility, once the MinProfit is reached, to close the losing trades and immediately place the breakeven for the winning ones. This is done by setting the WhenMinProfitIsReached to CloseLosersAndSetBreakEven. The other possibilities are the old CloseTradesAtMinProfit, which will close all trades, or the DoNothing option, which obviously won't do much :)
The new option - CloseLosersAndSetBreakEven - could be profitable when the price moves fast in one direction, but the MinProfit should be taken into consideration as well. For the EA to place the break-even of the trades at a non-losing level (considering the previously closed losing trades), the MinProfit should be set to a higher value than 0. Depending on the lotsize and all the other trading conditions, traders should experiment with this on demo until they find the best settings.
#RobotFX #Auto #Recovery is an #expert #advisor designed to recover the loss of a losing #trade by opening an opposite trade, or more, if it's the case. If you are familiar with, this is the trade management part of the RobotFX #Fluid EA, with less features (HedgeZone). A very simple but effective way to #hedge a losing trade so it will close if not in #profit, at least at #breakeven. Basically it is a #forex hedging expert advisor for #MetaTrader.
Try RobotFX [forex trading tools] at http://robotfx.ro/post/135684531817/robotfx-auto-recovery