Zone Recovery Bot
The Zone Recovery Bot is designed to perform risk management for open positions on leveraged accounts.
The Zone Recovery Bot will create price points to open, raise, lower or close positions. If the price trend moves against the position it will keep on adding orders until a level is reached where it takes its losses. Conversely, this bot will lower the position when profit levels are reached.
Supported Licence | Supported Trading Types |
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Advanced licence | Leverage trading |
Create a unique name for your bot.
Select the account on which the bot should run.
Select which market this bot should run on.
Specify the leverage for the bot.
The amount which the bot starts to build its position.
The maxmimum amount the bot will add to its current position.
When a long position amount is raised this will be the factor by which is it raised.
With this value, the amount of zones used is calculated.
When a short position amount is raised this will be the factor by which is it raised
Last modified 2yr ago