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VR Locker Lite - Trading strategy based on a positive lock - expert for MetaTrader 4

Vladimir Pastushak | English Русский 中文 Español Deutsch 日本語 Português 한국어 Français Italiano Türkçe
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What is locking?

Locking is a situation where a trader simultaneously holds a long (LONG) and a short (SHORT) position of equal volume on the same asset. As a result:

  • Market risk is neutralized: profit or loss on one position is offset by the opposite movement of the other.
  • The position value is "frozen": the net financial result ceases to depend on market fluctuations.

The presented VR Locker Lite trading algorithm demonstrates working with one positive lock:

Operation algorithm:

  1. The trading robot immediately opens two positions: a buy (BUY) and a sell (SELL).
  2. Using averaging, the trading robot "widens" the buy (BUY) and sell (SELL) positions.
Options for further work with the lock:
  1. The simplest one - simply close the lock and start the entire trading cycle anew.
  2. Unlock the lock - leave one of the positions for a longer period and "let the profit grow".
  3. Enable a trailing stop for one of the positions or for both simultaneously.
  4. Move one of the positions to breakeven and "let the profit grow".
  5. Start the algorithm on another financial instrument or with another MagicNumber to create another positive lock.

Important things not to forget:

  1. Double commissions and swaps: You pay a commission for opening and (in the future) closing two positions instead of one. In forex, there may be a negative swap (rollover fee) on one of the positions.
  2. Capital lock-up: The margin (collateral) for the locked position is still frozen. You cannot use these funds for other trades.
  3. Complication of analysis: You still have to decide which side of the lock to close and when. This is often more difficult than the initial entry.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/26947

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