Lock Recovery MT4: Automated recovery trading to reduce losses and recoup drawdown

This Lock Recovery MT4 review in 2026 offers a focused performance and strategy analysis based on live account records, setfiles, and author documentation. The review examines how Lock Recovery MT4 approaches trade repair by locking an adverse position and opening countering orders or scaled entries to reduce realized loss. The first-paragraph performance analysis highlights average recovery durations and typical risk exposure observed in monitored accounts. What makes Lock Recovery MT4 unique is its explicit design goal: it is built to recover one or more losing positions rather than to open new primary trades. The algorithm detects adverse moves, applies a configurable lock using opposing trades, and follows a recovery path that can include partial closes, trailing adjustments, and controlled averaging. Lock Recovery MT4 uses multi-symbol awareness so risk can be capped across correlated pairs, and the Smart Multi Symbol Control toggles the maximum allowed pairs on risk to prevent correlated blowups. The algorithm works best in trending and range-bound forex conditions where reversals or retracements are likely within the configured recovery window. High-volatility news spikes are treated cautiously; the EA’s risk parameters and trade-at-new-bar option help avoid slippage in such events. Risk management is explicit: configurable position sizing, maximum simultaneous pairs, and drawdown limits are central controls. Expected performance characteristics include periodic extended recovery periods, moderate trade frequency dependent on market stress, and a recovery-focused win rate rather than high-percentage raw wins. The developer Sugianto provides setfiles and a complete guide to calibrate for different account sizes and broker environments.