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Open lock

299 USD

Demo downloaded: 8 643

Published: 25 July 2017

Current version: 5.43

Open lock

Name: Open lock
Price: 299.00 USD
Rating: 4.0697675 (43 reviews)
Author: Sergey Likho

4.07

Experts
Sergey Likho
Version: 5.43
Updated: 15 January 2026
Activations: 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 5 is available here

Methods used by the EA

Locking to prevent a drawdown increase
Averaging orders used to cover the loss
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

Expert Advisor Parameters

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
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
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
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

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.

more...

576

Roman Potekhin 2022.10.23 18:48 #

Отличный оветник. Автор дает рекомендации. Смотрите видео по настройке и все будет отлично!

689

Larry E Liddiard 2022.05.31 10:14 #

Good EA. Outdated documentation...

313

Martin Vovk 2021.11.17 19:14 #

Very profitable EA! Great Author, great support ! Sergey, thank you very mutch!

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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

299 USD

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343

Iurii Ogloblin 2023.07.12 06:42 #

Поставил советника на три счета с просадкой 10% с разными настройками на советнике. Через 4-5 месяцев советник довел просадку до 100% и слил депозиты. Это примитивный сеточник с функцией закрытия ордеров по кусочкам. Он даже сделки для входа не фильтрует не как. Перед покупкой просмотрел все видео которые есть. Столько рекламы и красивых заявлений. А по факту это полный хлам.

576

Roman Potekhin 2022.10.23 18:48 #

Отличный оветник. Автор дает рекомендации. Смотрите видео по настройке и все будет отлично!

2126

asaens15 2022.09.12 13:21 #

It has its pros & cons. A professional programmer would keep documentation updated.

689

Larry E Liddiard 2022.05.31 10:14 #

Good EA. Outdated documentation...

10898

Reply from developer Sergey Likho 2022.05.31 13:58 #

OL is 5 years old, a few months it was on the 1st line of the mql5 market by popularity, more than 3,000 users, 5 years of development and 39 updates, dozens of hours of videos on YouTube and dozens of chat rooms on telegram with support. You bought the OL yesterday, did not read the instructions and have already given it one star. Did you really use it?

375

ptbao92 2022.04.25 19:58 #

User didn't leave any comment to the rating

805

Sergei Schaste 2022.03.28 18:47 #

Waste of time or your deposits..

Alisa1997 2021.11.28 11:26 #

Давно искал что то подобное, Сргею спасибо!!!

313

Martin Vovk 2021.11.17 19:14 #

Very profitable EA! Great Author, great support ! Sergey, thank you very mutch!

390

Sergey Komarovsky 2021.07.01 04:07 #

Сова отличная, особенно если с умом её использовать! С её использованием 18 счетов вернулись к жизни ещё 73 в работе. В своей работе использую по 4 (6) экземпляра ОЛа на один инструмент с разными настройками для разных меджиков и для разных направлений (не использую его дефолтное применение в обе стороны одновременно). Сергею отдельное спасибо за постоянную работу над ОЛом, за внесение необходимого дополнительного функционала. Жду с нетерпением закрытие не в $, а в пунктах + альтернативные варианты закрытия (N крайних ордеров + целевой просаженный объём). Друзья, если у кого возникают сложности с настройкой - обращайтесь в чат разработчика - всегда подскажем.

188

Wohammad Subhi Hassan Abdel Nabi 2021.06.05 21:41 #

User didn't leave any comment to the rating

184

Zolomon 2021.05.02 21:39 #

hello, i hope you make the EA open a new order after closing the first one to start a new round Thanks

Bakir68 2021.02.18 12:19 #

Ge ge huuuuuu!

1109

red1983 2020.11.21 08:46 #

Very good tool, test before with small lot, don’t be greedy!!!the problem always is not the instrument but the user!

350

ayneekeaw 2020.04.25 12:42 #

One of the best EA recovery tool. You need to understand how it works and optimize it. My set up is: lot size 3:1 or 4:1 and step 300 to 420

This tool is only for experienced traders who know well how to apply money management. 5 stars from me.

731

Vasil lupanov 2020.03.16 18:57 #

Друго не Ви трябва ! Купете го и бъдете спокойни ! За една седмица ми възстанови 1000 евро. По десет ярки звезди и за робота и за майстора !!!

612

vladimir9010 2020.02.15 16:29 #

Dangerous grid EA with no stop loss! With the big drop of EU my account is blown!

1001

Saya pann 2019.12.05 09:35 #

Very promising Recovery EA and support from vendor is excellent.

2046

Lev Vladimirovic Marushkin 2019.11.23 19:47 #

Open Lock Evolution: Was ok, then better, then good, then really good, then great, then mindblowing and now finally we are approaching: WORLDCLASS Thank you Sergey!!

298

Felix Scholten 2019.01.30 18:08 #

Great support and tool!

alex4ua 2018.10.26 09:08 #

Very weird algorithm. You need year of time to get some result. Or it rather empty your deposit. Vary bad EA.

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