• Übersicht
  • Bewertungen (5)
  • Diskussion (15)
  • Neue Funktionen

Open lock MT5

5

The Expert Advisor helps reduce the account drawdown.

To do this, the losing deal is split into multiple small parts, each of these parts is closed separately.

The EA can interact with other experts. For example, when a certain drawdown is reached, Open Lock can disable the other expert and start working with its orders.

Open lock for MetaTrader 4 is available here

The algorithm of the EA uses counter transactions and a large number of open positions, therefore, need to use it on a hedge account.


Methods used by the EA

  1. Locking to prevent a drawdown increase
  2. Averaging orders used to cover the loss
  3. Partial closure to reduce the load on deposit

Averaging orders are opened with a small lot so as not to load the deposit.

Profit of these orders is used to partially close the losing position.

Recommendations on setting up and using Open Lock are described in the blog


Settings

  • Language - interface language of the control panel
  • Magic Number - unique identifier of averaging orders. It must not coincide with the magic numbers of other EAs
  • Trading mode - trading mode
    • Opening and closing orders - open and close orders in normal mode
    • Only closing orders (Another advisors will open orders) - the EA will only close and lock (if enabled) positions. Orders must be opened by another EA. The EA will work only with the orders that have been opened with the magic number of the Open Lock EA
  • Maximal lot in average ord (0-not used) - the maximum lot to be opened by the EA in an averaging order. If 0, the lot size is not limited
  • Maximal number average ord in one direction (0-not used) - the maximum number of averaging orders in one direction
  • Maximal step (0-not used) - the maximum step (in pips) that can be set between averaging orders. If 0, the step is not limited. This parameter is only used if the dynamic step is enabled
  • Start work - when to start working
    • At startup - right after starting
    • By drawdown level - after reaching the drawdown level
  • Drawdown in currency - drawdown value in the deposit currency (it must be specified in case 'By drawdown level' is selected)
  • Stop another advisors - stop the operation of other experts in the terminal (works only when the drawdown level is reached)
    • Not use - disable this feature
    • Close chart with same symbol (for single currency advisor's) - close charts of the current symbol. Charts of other symbols will not be closed
    • Close all other charts (for multicurrency advisor's) - close other charts to disable the operation of other experts
  • Action when the risk limit is reached - actions for critically low level of free margin (action is activated 30 seconds after the drawdown is reached)
    • Nothing
    • Locking all positions and stop
    • Сlose all position and stop
  • Equity level in currency - equity level, below which the actions from the previous parameter are triggered (if 0, not used)
  • Equity level in percent - drawdown percentage. If higher than 0, and Action when the risk limit is reached - None, the drawdown value will be displayed on the control panel
  • Time to open orders - time when opening averaging orders is allowed
    • All time
    • Schedule for opening average ord(24H) - allowed time interval
  • From - time to start trading if scheduled trading is selected (can take values from 0 to 23)
  • To - time to stop trading if scheduled trading is selected (can take values from 0 to 23)
  • Settings - how to set the EA parameters
    • Use control panel
    • Use expert inputs - parameters must be set in the EA inputs. This mode should be used when working with VPS by MetaQuotes
  • Locking - enable locking losing positions
  • New lot - lot size for the first position
  • Dinamic lot - enable the lot multiplier. If this parameter is enabled, the lot size of the new deal will be multiplied by the coefficient
  • Lot multiplier size - lot multiplier
  • Step - step for opening new orders
  • Dinamic step - enable the step multiplier
  • Step multiplier size - step multiplier
  • Direction - trading direction for the EA
    • UP/DOWN - the EA will open both buy and sell deals
    • UP - the EA will only buy
    • DOWN - the EA will only sell
  • Close orders - orders fro the EA to work with
    • All unprofitable orders - all losing orders
    • One order - order with the ticket specified below
  • Order ticket if set "One order" - order ticket, if the "One Order" mode is selected above
  • Close lot - lot of the losing deal to close
  • Close profit - profit to be gained form closing a part of the losing order


Testing

When you start the Expert Advisor, it opens a deal and then tries to close it with a profit.

To open additional market orders, you can use buttons on the control panel.

Bewertungen 5
Larry E Liddiard
698
Larry E Liddiard 2022.05.31 10:16 
 

Good EA. Outdated documentation...

luqide
132
luqide 2022.05.26 01:31 
 

非常好的EA,拯救了我的两个账户。

Leopoldo Licari
1324
Leopoldo Licari 2020.07.22 10:02 
 

Excellent EA with superfine logic. Its main function is to block the DD and from that moment, based on the setting used, it begins to try to recover the loss positions piece by piece. These positions are the only ones that can expose the account to further DD, but they are scheduled and soon closed within a few hours or days. Using a medium risk setting, you can recover without much effort in a fairly acceptable time. In the latest updated version, a useful trailing function and another for protection from large directional movements have also arrived, further enriching the EA's personalization. You have to know exactly what the EA is doing otherwise it cannot fully appreciate the logic of blocking and recovery.

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Anna Poraj
5 (7)
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Valeriia Mishchenko
4.57 (30)
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Alise EA
Aleksei Butler
5 (1)
Es ist ein vollständig optimiertes und anpassungsfähiges neuronales Netzwerksystem. Die Strategie basiert auf MACD und gleitendem Durchschnitt, die komplett neu gestaltet, verfeinert und mit einem neuronalen Netzwerk kombiniert werden. Alle neuronalen Netzwerkeinstellungen sind in den Expert Advisor integriert. Um die Einzahlung zu schützen, setzt es immer Stop Loss und Take Profit. Empfehlungen Währungspaar: GBPUSD Zeitrahmen: H1 Mindesteinzahlung: $100 Kontotyp: Beliebig mit minimalem Spread
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OpenEA MT5
INREXEA LIMITED
5 (2)
All users need to have a unique setting . Please contact us after purchase. The price might be increased any time. Project OpenEA OpenEA is a cutting-edge, fully automatic forex trading program that leverages the latest in Machine Learning and quantum computing technology. It uses Open AI technology to analyze vast amounts of data, including foreign exchange, index, and cryptocurrency markets, to make predictions about future price movements. To utilise the system, users must get a correct sett
2 250 USD
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Entus Sofian
5 (2)
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499 USD
Uni Bot
Andriy Sydoruk
2.94 (33)
Uni Bot   is a trendy neural network trained bot. An expert system based on a neural network based on a new specially developed architecture (T-INN) Target-IntelNeuroNet. For this variant of the Expert Advisor to work, there is no need to download the file of the trained neural network, since for the ease of use by the end user of the neural network forex bot, most users encoded a number of neural networks in the body of the bot. But in order for the bot to better adapt to the specific history
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Fringe AI
Anna Poraj
3.16 (19)
Ich habe gerade meinen neuen EA namens GALAXY veröffentlicht, falls ihn jemand ausprobieren möchte: https://www.mql5.com/en/market/product/93801 Angebot und Nachfrage sind das Rückgrat des Forex-Marktes. Ich habe einen fortschrittlichen Experten für künstliche Intelligenz geschaffen, der in der Lage ist, den richtigen Zeitpunkt für die Auftragserteilung basierend auf der aktuellen Angebots- und Nachfragesituation zu bestimmen. Es bestimmt die genauen Eintrittszonen, indem es Preis- und Volume
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Index Scalper PRO MT5
Evgenii Aksenov
4.54 (37)
Scalping trading system is designed in accordance with the principle of movement to the average value of the market price. Index Scalper PRO has a built-in intelligent system for quick closing of transactions. The scalper has a built-in News Filter function that tracks news from banks and governments and suspends trading during the release of important world events or changes in interest rates. You can adjust the importance of the news and the trading pause period before and after the news, and
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Waiting Night MT5
Marat Baiburin
4.5 (20)
Waiting Night   ist ein vollautomatischer Expert Advisor für die Arbeit am Forex-Markt während ruhiger Stunden. Discount on all my goods in honor of the beginning of spring! The offer is limited! Überwachung des Expert Advisors:   https://www.mql5.com/ru/signals/1738184 Richtige GMT-Einstellung:   https://www.mql5.com/ru/blogs/post/743531 Alle Parameter, die für die verständlichste und einfachste Optimierung erforderlich sind, stehen in nur 5 Einstellungen zur Verfügung.Sie können den Berater an
499 USD
Golden Pickaxe MT5
Valeriia Mishchenko
3.5 (8)
EA has high-performance live track records of different set files: XAU Risky Vol XAU Balanced Vol XAU Balanced MT4 version can be found here Golden Pickaxe is a mean-reversion grid trading system that uses machine learning technology to place high-profit potential trades on the Gold market. It uses real market inefficiencies to its advantage to have an edge over the market. The EA has 5 predefined set files, which are essentially 5 different trading systems on gold . You may choose the def
1 850 USD
Have you heard about Machine Learning, Chat GPT, Neural Networks and Artificial Intelligence? Well, Proven EA has none of it. It is also NOT based on Moon Phases and Stars positioning. "Proven EA" is a 100% adaptive expert advisor based on old, well known and proven principles. Trend is your Friend. Cut losses quick and let the gains grow. No Gambling. It detects the trend on a higher timeframe, waits for a pullback / retrace on a lower timeframe and places a trade in direction of trend with a
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Sun
Arthur Hatchiguian
3.82 (28)
Sun ist ein aggressiver Multi-Cycle-Scalper, der für EURUSD M1 entwickelt wurde. Jeder Zyklus ist unabhängig. Er verwendet eine Sequenz von Aufträgen und hat seinen eigenen TP und SL. Er verwendet ein Martingale-System. Dieser EA nutzt starke Wiederholungen der Vergangenheit, um eine Position einzunehmen und eine hohe Erfolgsrate zu erzielen. Es ist sehr wichtig, den Blogbeitrag zu lesen, bevor Sie beginnen. Die Mindesteinlage beträgt $100 bei einer Hebelwirkung von 1:500. Ein Autolot-System
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Cangklong Gold EA is fully automatic forex trading EA that leverages the latest in Machine Learning and quantum computing technology. I really didn't expect that using the Neural Network algorithm on the Stochastic and MACD indicators produced extraordinary entry signal. Signal accuracy is reliable. Artificial Intelligence technology is applied to study the characteristic of XAUUSD pair. How to set it up? Please add Cangklong GOLD EA on GOLD or XAUUSD pair M15 timeframes. Attention : You can
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Entry Points Pro EA Handelsroboter für MT4 und MT5 Unmittelbar nach dem Kauf, kontaktieren Sie mich über private Nachricht hier auf der Website, um Anweisungen und eine sehr mächtige Bonus zu erhalten! Achtung: Nur noch 2 Exemplare zum Vorzugspreis! Der nächste Preis wird 749 Dollar betragen. Der Entry Points Pro EA basiert auf dem legendären Entry Points Pro Indikator, der über 450 positive Rückmeldungen auf MQL5 erhalten hat und seit über einem Jahr unter Tausenden von anderen Indikatoren die
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Zada Janitra Kamilah Rahmadi
5 (2)
Big Trader use special orders for buying, selling, taking profit, and closing the orders. When Big Traders want to open a position with volume, they do not randomly place a position to upset the price and trigger their order at a worse price that may result in lowering their profit . Order blocks are special kinds of supply and demand zones formed when there is a block order.  It comes into place due to buying and selling of big traders. This Powerfull EA using Big Traders Mindset Powered by A
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Auswahl:
Larry E Liddiard
698
Larry E Liddiard 2022.05.31 10:16 
 

Good EA. Outdated documentation...

luqide
132
luqide 2022.05.26 01:31 
 

非常好的EA,拯救了我的两个账户。

Leopoldo Licari
1324
Leopoldo Licari 2020.07.22 10:02 
 

Excellent EA with superfine logic. Its main function is to block the DD and from that moment, based on the setting used, it begins to try to recover the loss positions piece by piece. These positions are the only ones that can expose the account to further DD, but they are scheduled and soon closed within a few hours or days. Using a medium risk setting, you can recover without much effort in a fairly acceptable time. In the latest updated version, a useful trailing function and another for protection from large directional movements have also arrived, further enriching the EA's personalization. You have to know exactly what the EA is doing otherwise it cannot fully appreciate the logic of blocking and recovery.

MARTIN AFAMEFUNA HILARY OBIANODO
833
MARTIN AFAMEFUNA HILARY OBIANODO 2019.07.27 21:04 
 

This is the best EA ever.. I was backtesting it for over 4 months before purchase.. I found the settings that suit my trading goals. I target about 15% ROI monthly, which is very achievable with Drawdown not more than 10%, on EUR/USD.. Thanks to Sergey Likho, this is the best thing ever..

Michail Smikov
198
Michail Smikov 2018.05.03 22:44 
 

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Antwort auf eine Rezension
Version 5.39 2022.05.06
-added all new features from the open lock for MT4
Version 5.24 2020.07.01
-minor fixed
Version 5.23 2020.06.30
-trailing stop
-Step by step locking
-Automatic calculation for three risk levels
and other features from the Open lock for MT4
Version 5.10 2018.10.22
bugs fixed
Version 5.9 2018.07.27
-Increased speed with a large number of orders
-some fixes in algorithm OL