Scalping Recovery EA is a fully automated Scalping EA that brings a fresh perspective to managing trades and minimizing losses. With its sophisticated loss recovery system, this EA stands out by enhancing trading performance while adhering to risk management protocols.

The Scalping Recovery EA is a cutting-edge trading tool designed for the Forex market. It utilizes a unique approach by opening trades using pending orders, ensuring that it operates with precision and strategic foresight. This expert advisor is characterized by its selective trading behavior, typically initiating one to two trades per week, which underscores its focus on quality over quantity.

Key Features of Scalping Recovery EA

• Selective Trading: It opens only one trade at a time, emphasizing careful selection and timing to maximize effectiveness.
• Loss Recovery System: One of the standout features is its loss recovery mechanism. If a trade incurs a loss, Scalping Recovery EA activates its recovery function. This involves opening the next trade with double the lot amount (adjustable) in an attempt to recover the lost funds. It’s important to note that this process is a one-time adjustment per loss cycle to manage risk efficiently.
• Risk Management: The EA always employs a stop loss to safeguard investments, ensuring traders do not expose themselves to unrecoverable losses.
• Compliance with Trading Regulations: It is designed to comply with FIFO (First In, First Out) rules, making it suitable for traders in jurisdictions with such regulations.
• No Risky Strategies: The Scalping Recovery EA does not use Martingale, grid, or hedging strategies. Its approach is straightforward and avoids complicated mechanisms that can increase risk.
• News Filter: With this new update, EA also gets an advanced news filter, which automatically monitors and avoids trading during high-impact news events. This ensures the EA operates in a stable environment and minimizes the risk of sudden market swings affecting your trades.

Please test in a demo account first for at least a week. Also, please familiarize yourself and understand how this Scalping Recovery Robot works, then only use it in a real account.

Recommendations for AlgoScalpPro

• Minimum account balance of 100$.
• It works best on EURUSD. (Work on any currency pair)
• It works on H1. (Work on any TimeFrame)
• This AlgoScalpPro should work on VPS continuously to reach stable results. So we recommend running this MT4 EA Download on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
• Low Spread, Slippage, and quick execution accounts are also recommended (Find the Perfect Broker For You Here)

	Low Spreads Leverage up to 1:500* No Commission	Free TradingView Premium* Register label FREE VPS for Traders*
	Min Deposit of 50$ Allow USA Traders Levergae up to 1:2000	Register label

Download a Collection of Indicators, Courses, and EA for FREE

Open Tools –> Options –> Expert Advisors. Check the option “Allow WebRequests for listed URL” Add the following: “https://ec.forexprostools.com” and press “OK.” The EA takes news from the specified websites.

Input Parameters

• Magic Number: Acts as a unique transaction ID, allowing the AlgoScalpPro to distinguish its trades from others.
• Show Info Panel: This enables the display of an information panel, providing real-time updates and essential details directly on the trading chart.
• EA Comment: Allows users to add custom comments to trades, facilitating easier tracking and analysis.
• Risk/Lots Configuration: This setting offers flexibility in determining trade size. If “Lots” is greater than 0 and “Risk” is equal to 0, a fixed lot size is used. Conversely, if “Lots” is equal to 0 and “Risk” is greater than 0, the lot size is adjusted based on the maximum risk per trade.
• Take Profit (in pips): Sets the desired profit level at which the trade will be closed automatically.
• Stop Loss (in pips): Specifies the maximum amount of loss a trader is willing to accept, beyond which the trade will close to prevent further losses.
• Buy/Sell Pending Shift (in pips): Determines the pip shift for placing pending buy or sell orders, allowing for strategic order placement.
• Winter GMT Offset: Adjusts the EA to the server’s winter time zone, ensuring accurate timing for trade execution.
• EA Start/End Hour: Defines the specific hours between which the EA will operate, allowing traders to target specific market hours.
• Friday Start/End Time: Special settings for Friday trading, accommodating different market conditions at the week’s end.
• Minimal Profit for Trailing Stop (in pips): The minimum profit required to activate a trailing stop, securing profits as the market moves.
• Trailing Stop and Step (in pips): Configures the trailing stop loss feature, including its size and step, to protect gains by dynamically adjusting the stop loss level.
• Recovery Mode (On/Off): Enables or disables the drawdown recovery function, a critical feature for managing losses and attempting to recover from adverse trades.
• Multiple Start Recovery (Trailing): Sets the coefficient for the trailing stop within the recovery function, optimizing the strategy for exiting trades during recovery.
• Multiple Lot for Recovery Mode: Determines the lot size calculation factor when in recovery mode, adjusting trade size in an effort to recover losses.
• Loss Point for Activate Recovery: Specifies the loss threshold that triggers the recovery mode, initiating a strategic response to significant drawdowns.

Updated on 2024/07/21

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Conclusion of Algo Scalp Pro

The Algo Scalp Pro represents a significant advancement in Forex trading technology. Its focus on loss recovery, combined with strict adherence to risk management, advanced news filter, and regulatory compliance, offers traders a sophisticated yet user-friendly tool. While no trading strategy is without risk, the Scalping Recovery EA provides a methodical approach to trading that can help traders confidently navigate the Forex market.