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Coral Rescue

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Coral Rescue will help save an account with trades in drawdown.  Do you have losing trades that are just too large to deal with?  They reduce your available margin and can be accumulating swap costs, but the loss would be too great to just accept closing the trades.  Just hoping that price will eventually come back is not an effective strategy, you need a disciplined, consistent and preferably automatic way to dig yourself out of the hole.

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Read the blog post: Announcing Coral Rescue!

Drawdown Companion

Coral Rescue is not a normal EA.  It is not an EA that is used to generate profits in your account.  You would use Coral Retail alongside another EA that is generating profits (like MultiMAX), or in combination with your own manual trading.

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Coral Rescue options

Leverage your Profits

Set the minimum balance for your account.  When you have profits greater than this balance they are available for Coral Rescue to use.

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Use "Rescue Orders" to only consider trades by their ticket numbers.  

 

Use "Include Magics" to only consider trades placed with these magic numbers.

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Or, use "Exclude Magics" to Rescue everything in your account except trades placed with these magic numbers.

Coral Rescue manual close and confirmation

Manual or Automated

Operate in Manual Mode to keep control for yourself.  You can receive a notification when your balance target is reached, or when you have enough available balance to perform a partial close.

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Or automatically select the largest, farthest trade to reduce by the minimum lot size when sufficient balance is available.

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Coral Rescue notifications

Notifications

Enable notifications to be alerted when your account has sufficient balance to Rescue some drawdown.

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Be notified when Rescue closes any partial lots in drawdown.

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The "Total DD Rescued" will track your progress over time.  Click the column header to reset this value to zero.

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Digging yourself out of the hole has never been easier!  Automate your account recovery today!

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Trading CFDs and FX is high risk and not suitable for all investors. Losses can exceed your initial investment. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation, or needs. You should never trade any capital that you cannot afford to lose.  The author of this website is not responsible for any losses you incur, even if you're using tools obtained from this author, or trading based on information provided from this website, related websites and accounts (e.g. YouTube) or from the author directly.

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The information on this website is not intended to be an inducement, offer, or solicitation to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

 

Copyright © 2024 by ChartLogic EA.

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