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Open lock

299 USD

Demo downloaded: 8 543

Published: 25 July 2017

Current version: 5.40

Open lock

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

4.07

Experts
Sergey Likho
Version: 5.40
Updated: 11 June 2024
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...

577

Roman Potekhin 2022.10.23 18:48 #

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

693

Larry E Liddiard 2022.05.31 10:14 #

Good EA. Outdated documentation...

314

Martin Vovk 2021.11.17 19:14 #

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

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333

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.

577

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.

693

Larry E Liddiard 2022.05.31 10:14 #

Good EA. Outdated documentation...

10618

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!!!

314

Martin Vovk 2021.11.17 19:14 #

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

391

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.

187

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!

1087

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.

722

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 !!!

608

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.

1696

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!!

288

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.

1 2 3

Version 5.40 2024.06.11

-Changed coefficients of astomatic calculation of parameters taking into account the current market situation
-The speed of work has been increased
-General optimisation for the latest version of the terminal

Version 5.39 2021.10.29

+ automatic calculation of parameters is updated and works at any drawdown
+ highlighting of orders being worked with has been added
+ added display of deals information in the right corner
+ accelerated work and loading of the Expert Advisor, added status indicator in the bottom corner

Version 5.38 2021.09.23

-fixed graphic's

Version 5.37 2021.09.22

-Add zero levels for all orders on account
-Add lots show in right corner

Version 5.36 2021.09.03

-Added order highlighting
-Add important settings in right corner
Handy features if you use multiple copies of the Open Lock on one symbol

Version 5.35 2021.06.08

-fix autostart when DD reached

Version 5.34 2021.05.19

-speed optimization

Version 5.33 2021.05.17

-speed optimization

Version 5.32 2021.05.17

-add logging on init

Version 5.31 2021.05.17

-Add separate EA settings for different magic numbers. (to run several copies of the EA on one symbol, to make complex grids )

Version 5.30 2021.05.13

-speed optimization

Version 5.29 2020.11.25

[v] Fixed future level calculations

Version 5.28 2020.11.18

[v] - Fixed work with far from market price order

Version 5.27 2020.11.09

[+] Add start work after symbol dd in percent
[v] Fix trall work

Version 5.26 2020.10.30

[+] - lost orders are now closed with the profit specified in the panel
[+] - disabled auto switch-off when changing the TF
[v] - fixed calculation future levels, when multiplier 1.0
[v] - a significant increase in the speed of the program

Version 5.25 2020.10.02

[v] - speed optimize
[v] - fix save settings

Version 5.24 2020.09.10

!!! The list of input parameters has been changed. At startup, check if the magic number is set correctly!!!

Added:
[+] List of magic orders, which the EA does not take into account in its work

[+] Choice of the type of deals the Expert Advisor will work with
-Buy and Sell (that was before)
-Only Buy
-Only Sell
[+] Selection of orders to be closed in the first place
- first the distant ones (that was before)
- immediate family first
- first the orders with the largest lot
[+] Run on drawdown
- when the drawdown of the currency by the symbol (was earlier) is reached
- when the drawdown is reached in % by account
- if the specified price crosses above or below the current price
[+] Pause in seconds at closing or full locking of trades at reaching a drawdown (previously the Expert Advisor waited 30 seconds)
[+] If it is necessary to block a large volume, the Expert Advisor will break a trade into parts
[+] Select the time for operation
[+] Stop trading of the Expert Advisor after closing the order grid (parameter Continue trading)

[v] Changed calculation of parameters at high risk
[v] Fixed lot calculation by clicking on i button.

Version 5.23 2020.06.06

-fixed Trend protect

Version 5.22 2020.06.05

-OL Calculates future order opening levels. If the deposit is insufficient, the level is marked in red.
-Added OL API 2.0. This allows you to manage OL from any other EA
-The speed of the Expert Advisor has been increased. On slow VPS will work faster
-Improved automatic trailing stop calculation
-Improved algorithm for calculating high risk levels
-Fixes when Trend protect orders work

Version 5.19 2020.03.14

-Now removing SL and TP with hight speed
-Interface fixed
-Signal filtering inside one candle

Version 5.18 2020.02.20

-Add open orders on new bar
-Fixed work with one order

Version 5.17 2019.11.20

-Improvements in the function Simple Trend protect
-speed optimization

Version 5.16 2019.11.07

-bug fixed

Version 5.15 2019.11.01

-Partition lock.
-Trailing for profitable positions
-Working with other OL
-CPU load indicator (relevant for slow VPS)

Version 5.11 2018.11.05

-improved compatibility with the OL panel
-bugs fixed

Version 5.10 2018.11.02

-Trading algorithm has been changed, the Simple Trend Protest function has been added (enabled in inputs)
-Added automatic calculation of high-risk parameters
-The algorithm for calculating the parameters has been significantly updated
-Calculation and selection of parameters is available before the drawdown of 75%
-The chart displays future levels of opening trades, lots, and the projected loss for recoilless price movement.
-The screen displays information about the actions of the adviser on opening and closing deals
-Information about current drawdown is added to the screen
-All advisor transactions are displayed on the main screen, even if they are not involved in trading
-Calculation of order closing levels has become more accurate
-Updated OLAPI, added new features
-Changed the functionality of the Open Lock panel (previously called the control panel)

Version 5.9 2018.06.20

- Added Open lock API. The functions facilitate the integration of the OL EA with other experts, and also allow developing plug-ins for expanded features
- OL API allows you to remotely change any settings of the EA
- OL API allows you to open/close and modify orders
- Added the ability to disable removing of stop levels
- Added the ability to set a range of magic numbers for the EA to ignore. (This allows using multiple strategies on a single currency pair)
- Fixed various bugs from previous versions

Version 5.8 2018.03.28

- Open Lock can now calculate the parameters for trading. This mode is currently being tested and is only available in online trading, with a drawdown of less than 50%. You can choose a low or medium risk level.
- Added a button for manually closing a part of the losing deal, in the case there is a profit.
- Added a button for manually closing the profitable positions of the EA. It can be useful if the deals were opened with large volumes.
- When working with the disabled control panel, the EA's settings are displayed on the chart.
- Fixed calculation of closing levels. The level is calculated more accurately and on any instruments, but it does not take swaps and spreads into account.
- When working with one deal, the EA will store the ticket of the deal in case of a terminal failure.

Version 5.7 2018.02.13

- Levels for closing positions, displayed on the chart.
- Added the ability to set the parameters in the EA settings, without using the control panel. This mode should be used to run the EA on the VPS by MetaQuotes.
- Made corrections to rounding of lots when the multiplier is used.

Version 5.6 2017.11.28

- Drawdown value can be set in percent. Parameter: Equity level in percent. If the parameter is greater than 0, the drawdown value is displayed on the control panel.
- Changed the Close Only mode. Buy deals opened by another expert will be used for closing unprofitable Buy deals, sell deals will close unprofitable sell deals.
- Added support for the DrowdownSYL, BalanceAndEquitySYL indicators. They plot a graph of changes in the level of drawdown, balance and equity. They work in the tester and in live trading. (https://www.mql5.com/ru/blogs/post/711734)
- Added comment text when opening orders
- Minimizing and maximizing the panel is now more convenient
- Fixed various visual errors

Version 5.5 2017.10.04

In the parameters:
- Ability to turn off the opening of orders. Then the EA will work only on locking and closing positions. Another EA should open trades
- Ability to limit the maximum number of open orders

Added actions for achieving critical drawdown
- Close all positions and stop
- Close all positions and stop

Disabling other Expert Advisors:
- It is possible to close only the charts with the current symbol

In the control panel:
- Single on/off ratio for the step and for the lot
- Tooltips for all elements
- Moving control panel
- Minimize control panel (double click at the top)

Version 5.4 2017.09.13

- Fixed the EA's algorithm for trading in one direction

Version 5.3 2017.09.05

-Added parameter which limit the maximum lot
-Added a dynamic step when opening new orders
-Various visual and program changes
-Updated the overview of the adviser

Version 5.2 2017.08.29

- Automatic start when reaching the level of drawdown (set in the deposit currency)
- Disabling other EAs (if another EA has accumulated a drawdown, then Open Lock will turn it off and take the trade on itself)
- Open orders at a specified time (you can specify an interval when there is no news)

Version 5.1 2017.08.01

Changed the default parameters for testing as well as the color of price levels