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Open lock

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

  1. Locking to prevent a drawdown increase
  2. Averaging orders used to cover the loss
  3. 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.


Reviews 41
Bakir68
19
Bakir68 2021.02.18 12:18 
 

Ge ge huuuuuu!

red1983
744
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!

ayneekeaw
135
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.

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Limitless EA is a martingale based EA, which provide a lot of configuration to customize your martingale strategy to suit your personal risk profile. Trading Strategy  Main characteristic of this EA: Martingale based strategy. Determine very short term trend as the aim is to get small profit on each trade. Open more trades to ensure the profit target is closer to current price. Earn small profit for each trades and extremely large volume of trading everyday. Profit from the volatility of the mar
499.99 USD
Corsa
Oon Kar Lee
3 COPIES AT $399  Next price will be $449. If you get this Expert Advisor, you are entitled for a Free EA, Mathematica, thats used on my Signal. Contact me via PM for instructions on how to get it! (Real Profit, Real Trades, Real Signal) After your purchase, drop me a PM. CORSA is a SMART AI EXPERT ADVISOR specializing on EURUSD, to produce phenomenal 18X performance for its users by strictly adhering to years of mathematical and statistical methods. Based on my personal research on EURUS
399 USD
Lgd Gold
NATALYIA NIKITINA
Impulse movements in the Forex market are formed constantly. The peculiarity of such market segments is that the chart covers a considerable distance in short periods of time. In addition to the chance for earnings, such fragments indicate the position of important support and resistance zones, and the chart reacts to them in the future. Next, we will analyze the Lgd Gold expert Advisor and pulse levels and find out how to use it in work.news – occur when publishing news of the first magnitu
449 USD
EuroTrend4
Sergej Sergienko
Price: $499 8 of 10 copies left at this price Next price $599 Signal      https://www.mql5.com/ru/signals/907932 Version for mt5   https://www.mql5.com/ru/market/product/60509?source=Site+Profile+Seller The work of this EA based on machine learning algorithms with using standard indicators of mt5 trading platform. EuroTrend4 uses next indicators: Moving Average, Bulls Power, Bears Power, ATR. EA open deals only with trend. There is possibility  to increase volume of deal after StopLoss. EuroTren
499 USD
Profitable RSI EA
Florent Vandroy
There is the complete version of this demo :  https://www.mql5.com/en/market/product/54549 Here is my Profitable RSI Trading EA for D1 TimeFrame. The EA also work in M1 & M15 timeframe but is less profitable. This EA have a strategy based on RSI indicator. He are created to work perfectly with Nasdaq, FRA40, DAX and S&P500. The EA survived with the coronavirus, so i think he can survive to everything now. You are free to backtest this product, here are my personal result with 100$ starting
500 USD
FX NightScalper
Feng Zhu
Live Signal 1: https://www.mql5.com/zh/signals/783756 Live Signal 2: https://www.mql5.com/zh/signals/630041 The Recommend pairs : AUDCAD    / EURAUD / EURCAD /  CHFJPY  / USDCHF / USDJPY   Peculiarities The EA must be attached to ONLY one M15 chart. Use an EURUSD chart is recommended.   Multicurrency transactions to share the risk of loss. Does not require optimization and configuration. Uses ready-made strategies. Flexible risk management system.  Advanced algorithm for entering and exiting th
375 USD
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Metusha
Sergey Likho
Metusha is a grid trading system, that can trade on buy and sell. Profitable trades the advisor pyramids, to increase profits, unprofitable orders it averages and closes quickly in parts.   Main advantages: Automatic market analysis by author's indicators Non-linear algorithm of money management Averaging and pyramiding of deals Various algorithms for capital protection Application in combination with other Expert Advisors Multiple parameters allow to make flexible settings for any financ
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Exposure SYL
Sergey Likho
iExposure SYL displays information about opened trades considering commissions and swap, which affects the open price and the final outcome.  Differences from iExposure indicator of MT4:  Separate profit column for BUY and SELL Trade open price considers commission and swap The indicator will come in handy for any hedging strategies that involve opening a large number of oppositely directed trades.
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Screen logger
Sergey Likho
Screen logger   with telegram - takes screenshots of all open MetaTrader 4 charts. Why do you need Recording incoming quotations from a broker. In case of any corrections, this moment will be fixed. Check the data of the indicator and notice cases of signal redrawing or overwriting Maintaining own accounting for changes in trading indicators on the account Creation of real trading video from the obtained snapshots Advantages It consumes significantly less resources than any screen recor
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Open lock MT5
Sergey Likho
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
Filter:
Bakir68
19
Bakir68 2021.02.18 12:18 
 

Ge ge huuuuuu!

asaens15
2153
asaens15 2019.11.20 14:12 
 

User didn't leave any comment to the rating

red1983
744
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!

Vasil lupanov
2222
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 !!!

ayneekeaw
135
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.

vladimir9010
444
vladimir9010 2020.02.15 16:29 
 

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

Saya pann
915
Saya pann 2019.12.05 09:35 
 

Very promising Recovery EA and support from vendor is excellent.

Lev Vladimirovic Marushkin
1744
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!!

Fallet Willy
2599
Fallet Willy 2018.06.25 09:02 
 

I lost three accounts an aggressive mode

a normal mode and a safe mode

result it's nothing more than a grid

Felix Scholten
288
Felix Scholten 2019.01.30 18:08 
 

Great support and tool!

alex4ua
22
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.

Tran Trung Tin
81
Tran Trung Tin 2018.10.20 08:13 
 

hello, i just bought your cbot open lock. I use the cents account of Exness broker, but somehow cbot does not close all commands on the command line when the line touches and close the order in any place. Can you help me solve this problem ?? Thank you . I think this broker can use cents as decimal units of dollars so cbot do not understand to close the position command line command closed on cbot

BRADLEY PATRICK
1082
BRADLEY PATRICK 2018.10.03 09:48 
 

This EA has a high drawdown.

Евгений
20
Евгений 2018.09.06 10:57 
 

User didn't leave any comment to the rating

ncharms
209
ncharms 2018.08.28 03:55 
 

This is the indicaror what I want to use.

If you have the enough equity and use the right setting, there will be good results.

B2416522
70
B2416522 2018.08.01 21:13 
 

Very smart EA, it helped me to recover from a 18% DD on a real account. it is advisable that you read the manual from the author to properly set up the expert. Now I always use it with other Expert.

thanks Sergey!

Vhug84
670
Vhug84 2018.06.11 14:23 
 

Good EA, I had a large float in my account that could not close, with OL little by little I closed positive my losses.

Preeda Boonkhun
2392
Preeda Boonkhun 2018.06.10 21:54 
 

smart ea

Priit Poltsama
208
Priit Poltsama 2018.06.09 19:18 
 

Great EA and good support from author.

Five stars.

Kevin Warwood
68
Kevin Warwood 2018.06.03 08:27 
 

With the recent DD in EURUSD I rented this to see if it could solve a couple of bad trades. I figured out how it worked..... it takes an equalising trade immedaitely, then it makes and opposite trade by 2 (a buy as the market fell in this case) and if the market keeps falling, it then buys a trade by 3, then 4 and 5 etc etc. Clearly with the market not stopping, it smashed my account. Be aware that this EA will solve small DD but you must have a massive account to solve big DD or a EUR trade right now.

Luigi Salvatores Buigues Morillo
1094
Luigi Salvatores Buigues Morillo 2018.05.06 02:04 
 

Muchas graciass .muy bueno

Eric Emmrich
12184
Eric Emmrich 2018.03.29 18:16 
 

If applied correctly to current market conditions, this EA gives constant profits while silently reducing the drawdown. Truly genius system!

Maksim Konev
199
Maksim Konev 2018.02.18 18:11 
 

Робот шикарен. Депозит возвращает уверенно. Очень удобно когда нет возможности постоянного контроля. Автор молодчик!!!

Francisco Reyes
806
Francisco Reyes 2018.02.13 12:42 
 

En mi opinión un EA magnífico.

Aunque tiene algunos detalles que podrian mejorarse (entre ellas que por el momento no soy capaz de hacerlo funcionar en un VPS)

le doy 5 estrellas porque pienso que es muy bueno.

Lo he probado y probado y es capaz de sacarte de perdidas en muchas situaciones.

Ademas de poder utilizarlo junto a otros EA que tengas,puede ser utilizado de forma individual para operar.

Buen trabajo de Sergey,como ya digo tiene cosas que pueden mejorarse pero sigue siendo un gran EA,para mí de lo mejor que he encontrado en el mercado.

-Actualizo mi comentario del dia 15-11-2017: Tras esta ultima actualización Sergey ha añadido la opción de poder utilizar OL en servidores VPS de MQL5.

Los que utilizamos estos VPS ahora tenemos la opción de poder utilizar OL sin problemas.

Enhorabuena,muchas gracias por tu EA y por ayudar a los usuarios que adquirimos OL.

DENYS KOSHCHAVETS
551
DENYS KOSHCHAVETS 2018.02.05 11:27 
 

шикарно выгреб меня и многих просадок , поддержка на уровне

Cristian Mantovani
1051
Cristian Mantovani 2018.01.26 10:50 
 

Very valid.

I enter the orders by moving the entrance depending on the Fibonacci lines.

Michail Smikov
198
Michail Smikov 2018.01.23 08:06 
 

User didn't leave any comment to the rating

Maksim Uzakov
218
Maksim Uzakov 2018.01.22 20:27 
 

робот наверное хорошь как говорят, но совершенно не работает на впс встроенном в терминал. чего автор забыл указать! деньги на ветер!

Sairoong Kidtook
655
Sairoong Kidtook 2018.01.01 19:19 
 

Bloc your trade, and scalp all profit close partial manual and is better, i not give good review for martingale i don't like martingale, very dangerous EA if trend go another way, example last week euro don't stop up and EA don't stop sell sell sell very dangerous i not recommend !!

Remigijus Radinas
600
Remigijus Radinas 2017.12.21 16:06 
 

So far so good thanks for Sergey!

Andrey Lyulyaev
259
Andrey Lyulyaev 2017.12.05 13:03 
 

User didn't leave any comment to the rating

vcmet
655
vcmet 2017.12.04 11:00 
 

Очень понравилась сова. Висит просадка по фунту. Поставил очень не агресивные настройки. Сова понемногу начинает отыгрывать просадку. То что пишут что опасно и что это мартышка-ответ один это какие настройки поставите. Как на меня пусть и пару недель отыгрывает но спокойно чем сидеть и дрожать и верить что за день два и ты в "шоколаде". Сергей очень и очень отличная разработка!!!

20/10/2017 Сова работает месяц. Показала себя с найлутчшей стороны.(Вытягивает фунт с глубокой просадки. Настройки не агресивные) Все совы в маркете работают на заработок(слив) а эта на спасение депозита. Должна быть у каждого трейдера. Однозначно 5 звезд если не больше!!!

04/12/2017 Сова вытянула швейцарца на отлично. По фунту дальше вытягивает. ситуация с ним сложнее так как лок очень большой что в лотах что в растоянии и ходит этот фунт тоже прилично. Да и вытягивал я две пары одновременно, хотя надо как советует Сергей по одной.

Morard Kevin
1331
Morard Kevin 2017.11.22 19:40 
 

Super Ea, OpenLock m'a sauvé plusieurs comptes en déficit! Pas cher pour ses performances

mbillengren
19
mbillengren 2017.11.12 04:55 
 

it works good. I used it on a slave Mt4 vere trades are copied to. The last 2 months my portfolio is down 20% but this EA on the slave platform that recieves the trades by copying is up 11%. So it has turned 20 % drawdown to a 11 % profit. I do not know how it works in trending markets since the markets has been ranging since my purchase of this EA.

geanger
205
geanger 2017.10.05 19:05 
 

A very good EA, I use it together with other robots to limit the drawdowns at a comfortable level for myself.

DiMozinvest
60
DiMozinvest 2017.10.04 17:54 
 

Советник крут. С просадкой справляется хорошо. И очень огромный респект автору. Он всегда на связи и готов помочь.

Manabu Yanagita
958
Manabu Yanagita 2017.09.22 12:54 
 

It is dangerous if the funds are not big.

After all it is Martin...

[Deleted] 2017.08.31 15:23 
 

User didn't leave any comment to the rating

Daniel Laverdiere
789
Daniel Laverdiere 2017.08.18 12:08 
 

Excellent algo so far all in profit.

Grids and martingale always make me wonder, but here you do have a little twist that makes sense.

The equilibrium between averaging and hedging is very important. Always keep in mind software builder to protect the equity.

Aleksandr Polyakov
148
Aleksandr Polyakov 2017.08.14 14:57 
 

User didn't leave any comment to the rating

Miki L
832
Miki L 2017.07.28 14:59 
 

Робот сделан хорошо! Автору спасибо!

Reply to review
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