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

The amount which the bot starts to build its position.

Max Trade Amount

The maxmimum amount the bot will add to its current 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