I am looking for -950 penalty expert who have experience and able to recover my website from this penalty ASAP.
don't overoptimize don't link to bad neighborhood. looking at your site could help solving the problem... well i didn't but recently google punished youtube downloader, maybe it have to do with your "download free movies" ...
Check your bad back links and remove it soon or if you are unable to remove by any reason, collect your every bad links and submit it for reconsideration in webmaster tools. If would be better if you can share your website.
my website is downloadfreemovies.org .i have removed some of the outbound links and advertisement from website. How long does it takes to recover after this changes? Is there any specific time period for Google penalty? I think its 90 days period for penalty
What did you do to get the penalty? Some penalties aren't recoverable. Did you get a notification through GWT? Was it the generic notification of unnatural links message (which isn't necessarily relating to links) or something else? How long depends upon the reason for rank drop. It might be a penalty, or it could just be an algorithmic change. (They are different and the recoveries are different.) More information is required.
I dont know reason of penalty. I havent received any msg. from google webmaster. I have asked google to reconsider my url but got reply that "No manual spam actions found" My website was ranking on no.1 for keyword "download free movies" now that keyword is on last pages of google and its still maintaining same place.
So stop panicking. It's an algorithmic drop, so you can recover. I didn't check your site or its link profile (I'm at work), but start reading up on Panda and Penguin. Also read this: http://searchengineland.com/link-building-means-earning-hard-links-not-easy-links-123767 I have a feeling it will explain part of the reason for your drop.