The latest version of the RobotFX Auto Recovery - a hedging expert advisor for Metatrader - has been released and it is recommended to all the trades that prefer to hedge forex trades instead of using a classic stop-loss (which, so often, will cause a loss), or learn how to hedge in forex.
"Technically, the Auto Recovery expert advisor places an opposite pending order at the StopLoss distance (in pips) from the opening price, using a higher lot size. This replaces the classic stoploss which, when hit, leads to a loss. If the price doesn't go in your favor - and so TakeProfit is not reached to close the trade - but instead reverses and hits the pending order, that pending order becomes an active order. At the same time, the EA will open another pending order, at the same level with the first one and of the same kind, but with (again) a higher lot size. Some traders like to call this advanced zone recovery (the area between the opposite trades) (shortly ALR EA)"...more at http://robotfx.ro/post/135684531817/robotfx-auto-recovery
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