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Lock Recovery

Lock Recovery is created with the aim of to recover a position that suffered a loss.

Signal | How to use Lock Recovery Properly & setfile: Click here | MT4 Version : Click here

Input Settings:
1. Manage Open Positions
+ Trade Buy: allow buy
+ Trade Sell: allow sell

2. Manage pending orders
+ Delete trendline after opening a position: set false for continuous pending orders.

3. Manage Lot
+ Lot Type: Select lot type
+ Multiplier for Martingale 3: Multiplier lot coefficient
+ Max Lots per Trade

4. Buy Grid Parameters
+ Add grid averaging buy only in the direction of the trend: add grid if there is a buy signal
+ Buy Step (in pips): Distance to open the next long position
+ Expanding Step Coefficient Buy: coefficient multiplier
+ Maxtrade Buy: Maxtrade Buy allowed

5. Sell Grid Parameters
+ Add grid averaging sell only in the direction of the trend: add grid if there is a sell signal
+ Sell Step (in pips): Distance to open the next short position
+ Expanding Step Coefficient Sell: coefficient multiplier
+ Maxtrade Sell: Max trade Sell allowed

6. Change Step Parameters
+ Change Step: enable/disable change step
+ Lots to start changing step
+ Change Step to(in pips)
+ Expanding Step Coefficient: step multiplier coefficient for change step

7. Manage Virtual Stoploss, Takeprofit, Trailing & Break even
+ Use Virtual Stop Loss & Takeprofit: Virtual Stop Loss & takeprofit
+ Virtual Stop Loss (in pips): Stop loss in pips
+ Virtual Take Profit (in pips): Take profit in pips
+ Averaging Trailing, in pips: Trailing all in pips
+ Trailing Start (in pips): Trailing starts in pips
+ Trailing Size (in pips): Step trailing in pips
+ Use Break Even : Break even in pips
+ Break Even Start, in pips : Break even start
+ Break Even Step, in pips : Break even step

8. Manage Locks
+ Fill in Line Lock name : fill in line lock name
+ Select Lot Lock Method : Select lock method
+ No Split Lot
+ Split Lot Lock Into Minimum Lot Broker
+ Split Lot Lock Into X Part
+ If Split Lot Lock Into X Part, Fill in X Part

9. Manage Drawdown Reduction
+ Use Auto Close Partial, in pips: Close Partial in pips
+ Select Close Partial Method:
+ Close partial buy & sell: partial close by bringing 1 buy loss & 1 sell loss
+ Close partial buy / sell: partial close by bringing only 1 buy loss or 1 sell loss.
+ Close partial all: A combination of close partial buy & sell and close partial buy / sell.
+ Number of trades to activate partial close: Minimum amount of open positions to start partial close.
+ Minimum profit to close partial : Minimum profit to do partial close, in pips
+ Use Auto Close Partial, in percentage: Close partial in percentage
+ Number of trades to activate partial close: Minimum amount of open positions to start applying partial close.
+ Percentage of profit to close partial%: Minimum profit to do partial close, in percentage.
+ Auto Close Partial 3: Close partial last position profit and 1st position loss
+ Select Close Partial 3 Method : Close Partial Last Position(Profit) or Close Partial 1st Position(Loss)
+ if close partial 1st position, fill in min open position to activate close partial
+ Lots to start partial closing: minimum lots to activate partial closing 3
+ min Profit to close(in pips): Minimum profit to be able to close a position
+ Partial close percentage, % : How many % lots will be closed. Ex. 50% x lot 0.1 = 0.05 lot to close partial


10. Time Management
+ Use time control: restrictions on trading hours and days, this only applies to opening a new cycle. Timing use broker's server time.
+ Trade Start Time: Time to start trades
+ Trade End Time: The time the trading session ends

11. Autotrade Test
+ Test Auto trade : Use Auto Trade, this feature allows user to learn how Lock Recovery works in the backtester and at the same time can be used as an auto trade bot in real trade.
+ Add Grid Trend : allowing double open position if match the trend

13. Manage Others
+ Max Spread (in Pips): spread allowed
+ Coefficient (if Freeze=0 Or StopsLevels=0) : Fill in at least 1, only to anticipate volatile market conditions and the broker will increase freezelevel and stop level.
+ Magic number : EA identifies open positions based on this magic number. Fill in 0 (Zero) so that ea can recognize all positions opened manually or by other eas.
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Version 2.3 2023.07.27
+ Update the input panel code, makes the input panel not reset after switching timeframes or after making changes to expert input
+ change virtual SLTP to real SLTP
Version 2.2 2023.01.28
update code for auto close partial 3
Version 2.1 2023.01.03
Update auto close partial 3, adds an option to be able to close partial last and 1st position.
Version 2.0 2022.11.25
+ Changing max trade, now max trade is divided into max trade buy and max trade sell
+ Changing close partial by money to close partial in pips
Version 1.9 2022.09.12
update code for break even
Version 1.8 2022.07.22
Update code for trailing
Version 1.7 2022.05.25
+ Fixed bug max lot limit
+ Added code to minimize requotes at open and close positions.
Version 1.6 2022.04.27
+ Added breakeven feature
+ Added the Add Grid trend for Test Auto Trade feature, allowing double open positions if match the trend.
+ Added dashboard margin info by enabling Show Margin info in the expert advisor input parameter
Version 1.5 2022.04.20
+ added code so that the input panel distance, lot buy, lot sell and Horizontal line lock is not reset when changing expert input parameters.
+ Updated code for auto trade test.
Version 1.4 2022.04.18
Delete and simplify manage grid averaging
Version 1.3 2022.04.18
Added Horizontal line button, now the lock position can be determined by pressing the horizontal line button, and rename "Lock", and drag the Horizontal line to the desired location.

For how to use it, you can read the following blog post: https://www.mql5.com/en/blogs/post/748046
Version 1.2 2022.02.25
Fix Bug for Loss Lock
Version 1.1 2022.02.25
Update code for Test Auto Trade