Well, I really have no sound advice in this case. Thing is, if you turn the risk dial higher to something like 10 in hopes of getting out of the drawdown quick, it will most likely run into another loss and put you into an even larger drawdown. On the other hand, if you set the risk at 2.5%, it will likely have a winning streak that will make you curse yourself for not setting it to 10. Fate is just like that, typically.
Perhaps the best course of action is to simply disregard the drawdown, configure it on 2.5% which is a very sensible risk setting and let the EA move on. Anyway, just for your information, with 2.5% risk I estimate it'll take some 2-4 months to recover. As for recovery mode, personally I dislike that in all EAs - it's just setting you up for a big surprise when it increases the lot size and the market goes against it, digging deeper into the drawdown instead of digging out of it.