Page 18 - TakePropips Trading Management Solutions

Auto-Trade Recovery Management

The Auto-Trade Recovery Management will appear when “Automatic Trade Recovery” is enabled. The
dashboard allows you to change the take profit, stop loss, lot size, trade direction, and max
spread/slippage for each individual pairs and the EA will use these values when opening trades
automatically.

The recovery trades will use an averaging / grid strategy to recover losses from the original trade. E.g., If
the EA opens a buy trade but the price keeps going down, then it will open another buy trade to
recovery the losses and lower its breakeven price.

The color of the Auto-Trade ON/OFF toggle on the dashboard will change to red if auto-recovery is
enabled. If its disabled, the color will turn green.

For more information regarding the settings for recovery trades, please refer to this section.

TakePropips Trading Management Solutions https://www.takepropips.com ©2021-2023 TakePropips, All Rights Reserved. 18