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VR Locker

The VR Locker Expert Advisor implements a trading strategy that uses positive Locks.

The main task of the EA is to create positive locks, to create a safety cushion.

Description of the trading strategy

The EA opens two market orders in different directions with the same volume. Depending on where the price goes, the EA uses a grid of orders to "spread" the orders.

Once the distance between the orders becomes equal to or greater than specified in the settings, the EA proceeds to of a new lock.

When working with locks, an amount of floating profit is accumulated, which can be used by trader as a reserve - safety cushion.

The EA works in two stages:

  1. Accumulation of positive locks and creating the safety cushion.
  2. Working with positive locks, opening the locks or using with manual trading tactics.

Main advantages of the program

  • Suitable both for novice and experience traders.
  • Wide selection of settings.
  • Works on all timeframes.
  • Works on any financial instrument.
  • It can be used with other EAs or in conjunction with manual trade.
  • The EA displays information on the profit on each lock.

The EA control buttons on the chart

  • Close Old Lock - close old lock.
  • Stop Trade Expert - logically and smoothly stop the EA operation once the current lock is created.
  • Close Only Buy - force close all buy orders.
  • Close Only Sell - force close all sell orders.
  • Open Magic Profit - open the table on profit by Magic numbers
  • Open All Profit - open the table on profit for the last 10 days

Tips for working with this Expert Advisor from the author

  • When working with the program, use the H1 timeframe or higher.
  • The EA was tested and developed for currency pairs, but it can work on bitcoin and other cryptocurrencies.
  • Configure the EA on demo accounts.
  • Accumulate a large number of locks. Once 30-50 locks are made, move all buy/sell orders to breakeven or enable trailing stop.
  • Let the profit grow, this will reduce the psychological burden.
  • You can open the locks according to your trading strategy.
  • Adhere to the money management rules.
  • Remember the risks associated with trading in financial markets.
  • When broadcasting the EA signals, accept new clients only after a lock is formed. (Use the Stop Trade Expert button to stop trading before accepting subscribers.) Failure to comply with this rule can result in losses on subscriber accounts.

Program Settings

  • Start Lots - initial trading lot.
  • Type Lots - subsequent lot calculation type.
    • Start Lot - calculation of the lot size is not performed, lot size for all orders is set as in Start Lots.
    • Martingale Lot - lot size is calculated as the last order lot multiplied by 2.
    • Summ Start Lot - lot size is calculated as the last order lot + Start Lots.
    • Fibo Lot - lot size is calculated according to the Fibonacci principle, the lot size of the next order is the sum of lot of the previous two orders.
  • Lock Type - type of distance calculation in locks.
    • Point - value is taken from Lock Type Value.
    • Bands Channel - value of the lock is the difference between the upper and lower lines of Bollinger Bands.
    • Donchian Channel - value of the lock is the difference between the upper and lower values of the Donchian channel.
    • Last Candle High-Low - value of the lock is the difference between High and Low of the previous candle.
  • Lock Type Value
    • For Point - the number of points.
    • For Bands Channel - period of the Bollinger Bands indicator.
    • Fro Donchian Channel - period for calculating the Donchian channel.
    • For Last Candle High-Low - irrelevant.
  • Close Lock Value - the number of locks to start closing the oldest lock.
  • Order Step - step between orders in the order grid.
  • Profit Plus - the minimum profit received when closing a series of orders.
  • Slippage - slippage.
Magic numbers from 1 to 50 inclusive are reserved for the program.

Features are subject to change with new updates.

Technical support is available for the program:

The program is developed by the founder of Trading-Go Projects.

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Version 17.90 - 2017.09.14
Added the ability to use the Expert Advisor on different trading instruments simultaneously.