Zone Recovery Bot

The Zone Recovery Bot is designed to perform risk management for open positions on leveraged accounts.

About

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 & Trading types

Supported Licence

Supported Trading Types

Advanced licence

Leverage trading

Parameters

Name

Create a unique name for your bot.

Account

Select the account on which the bot should run.

Market

Select which market this bot should run on.

Leverage

Specify the leverage for the bot.

Start Trade Amount

This will be the minimum amount of an open position.

Max Trade Amount

This will be the maximum size of an open position

Factor Long

When a long position amount is raised this will be the factor by which is it raised.

Zone Factor

With this value, the amount of zones used is calculated.

Factor Short

When a short position amount is raised this will be the factor by which is it raised