Exp SafetyLock PRO
- Utilities
- Vladislav Andruschenko
- Version: 25.206
- Updated: 6 February 2025
- Activations: 10
SAFETYLOCK is a powerful tool that enables traders to shield their positions from sudden market reversals by automatically placing an opposite order for any open trade.
When a trader or an Expert Advisor (EA) initiates a position, SAFETYLOCK immediately sets a corresponding pending order (Buy Stop or Sell Stop).
If the original position starts incurring losses, the pending order is triggered, creating a protective lock that helps mitigate risk.
This Expert Advisor offers flexibility, allowing you to close the initial position, utilize a trailing stop for better profit management, or even increase the lot size to capitalize on favorable market conditions.
Additionally, SAFETYLOCK lets you dynamically adjust the open price of the pending order in real time, keeping it aligned with the movement of the market to optimize your trading outcomes.
Experience enhanced risk management and stay ahead of market fluctuations with SAFETYLOCK—your ultimate trading companion.
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Parameters basic (Full description of the parameters in our blog)
- MilliSecondsTimerForMonitoring – Specifies the duration of algorithm execution in milliseconds (default is 1000 = 1 second).
- SymbolMonitoring – When set to ALL_SYMBOL, the EA will monitor all symbols and all trades on the account. If the Expert Advisor is launched on any currency pair chart, it will monitor all currency pairs.
- Type_Monitoring – Defines the type of trades for the EA to monitor: BUY, SELL, or ALL.
- Magic_Monitoring – Specifies the magic number of positions for the EA to monitor. Multiple values can be entered, separated by commas.
- Comment_Monitoring – Filters trades for opening a locking position based on the trade's comment field.
- Min_Lot_Monitoring – Sets the minimum lot size for the EA to monitor. The parameter is disabled if set to 0.
- Max_Lot_Monitoring – Sets the maximum lot size for the EA to monitor. The parameter is disabled if set to 0.
- SafetyPosMonitoring – Enables monitoring of positions opened by the SafetyLock Expert Advisor.
- StopLosse – Defines the stop loss level for SafetyLock pending orders.
- TakeProfite – Defines the take profit level for SafetyLock pending orders.
- MNLOT – Lot multiplier for pending orders.
- StopOrderDeltaifUSE – The distance for placing SafetyLock pending orders.
- NumberofStopOrder – Specifies the number of SafetyLock pending orders per position.
- DistancefromStopOrders – Sets the step size for the order grid in points when using NumberofStopOrder.
- ModifyOrdPend – Enables modification of pending order prices based on price movements. If enabled, pending orders will follow the price.
- ModifyOrdPend_STEP – Sets the step size for modifying the order price, in pips.
- ReopenClosedSafetyOrders – Reopens SafetyLock pending orders that were closed by a stop loss, as long as the locked position remains open.
- Close_One_if_Safety_Closed_In_Profit – Closes the original position if the SafetyLock position was closed with a profit that covers the current loss of the original position.
- Close_One_if_Safety_More_profitable – Closes the original position if the profitable SafetyLock position covers the current loss of the original position.
- CloseOneifStopsActive – Closes the main position if the SafetyLock pending order is triggered. Once a pending order is triggered and turns into a position, the main position will be closed if this option is enabled.
- CloseSafetyPositionsifclosed – Closes the activated SafetyLock positions after the main position is closed.
- Remove_TAKEPROFIT_ofOriginalifStopsActive – Deletes the take profit of the original position once the SafetyLock pending order is activated.
- Remove_STOPLOSS_ofOriginalifStopsActive – Deletes the stop loss of the original position once the SafetyLock pending order is activated.
Dear friends and users of our EAs, please add your ratings in the Reviews section.All updates to our forex software are free!Developer of forex tools: Expforex
This tool is really very useful for protecting your account from bursting. You must tweak continuously to understand all it's function. Patience is the key to fully understand it. To the author, please consider making the Pending order in virtual mode as this would prevent on some brokers to flag this EA having hyperactivity due to the constant of modifying it's price due to trailing activity. Also if possible make this EA have TP and SL points all is in virtual mode and will hide from some unscrupulous broker's manipulation during high news impact. Just my 2 cents of advice.