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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.


Comentarios 38
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
130
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.

Vasil lupanov
2176
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 !!!

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Konstantin Kulikov
This system was developed to work with a large number of sets and after a certain time showed itself well when working at the close of trading on Friday. As a result, this direction of trading has become the main one for working with this expert. There are 25 current sets for different currency pairs, as well as a profile for quick setup   (download in comment #156 ). You can analyze the statistics of the work of an expert for different currency pairs at my signal:  https://www.mql5.com/en/sign
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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 magnitude
445 USD
Billion Idea
Dhanaraj
Launch Promo Price   :   $349 (Only 5 Copies Left) Next Price   :   $399 Join exclusive  Telegram Channel . Send Purchase receipt to   ME  by MQL5 message  for   Privileged Customers Telegram Group   Invitation. 🎁   By purchasing this Expert Advisor you are entitled to receive a free copy of   Good Vibes EA   -> To Receive it, Please   Contact me   by mql5 message! 🎁 Billion Idea (BI) EA works based an unique Daily Breakthrough Strategies. EA is suitable for both experienced and beginner tra
349 USD
KonokaSystem
Nobuyoshi Murase
El sistema Konoka es un sistema de comercio diurno que apunta a las horas de 00:00 AM a 13:00 PM hora de Japón. El par de divisas es el USDJPY y se negocia al precio de cierre de M5. No se utiliza ninguna lógica de cuadrícula o martingala. Tanto el TP como el SL son ligeramente más grandes a 100Pips. La razón de esto es evitar el daño de las grandes ventas cortas. Hay otros métodos de liquidación que utilizan indicadores de tiempo y técnicos. El backtesting ha sido validado durante
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EA with hundreds of unique strategies. Run multiple strategies simultaneously. Select your strategies and build your custom portfolio. Replace strategies anytime. Run multiple portfolios with this single EA. All strategies go through phases. Some strategies earn more profits than others. With Portfolio X running you can run multiple strategies so the profits of good strategies compensate for the losses in others, creating a smooth equity curve. Telegram Group for PortfolioX Members MT5 ve
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Ivan Bebikov
There are 2 copies left at the price of $399! The next price is $499. The MT5 version of the expert Advisor is here -  https://www.mql5.com/en/market/product/54481 (In MT5 and MT4 versions, there may be slight differences due to the implementation of the code on MT5) ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Fully automatic adviser, with a system for recove
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To keep abreast of the latest news and settings, join the telegram group:  ENG  https://t.me/moderntehnology RUS  https://t.me/dynamictime IMPORTANT: Please contact me after buying for the correct paramter.  Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability (the EA could also make losses).  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be t
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Raptor Majors
Remy Aime Rene Louat
📢 Price will increase to 1199 USD at 15th February. Happy new year early joiners ! Raptor is a smart trading expert mastering all major pairs : EURUSD,GBPUSD,USDJPY,USDCAD,NZDUSD Join Telegram channel  :   https://t.me/s/Raptor_EA Never buy without a public signal same as backtest  📈    https://www.mql5.com/en/signals/905417 MT5 version :   https://www.mql5.com/en/market/product/57108  (use only MT5 for backtest) ✔ 1 trade at a time, always following trend to limit exposure. ✔ No marti
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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
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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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Filtro:
Miki L
815
Miki L 2017.07.28 14:59 
 

Робот сделан хорошо! Автору спасибо!

Aleksandr Polyakov
148
Aleksandr Polyakov 2017.08.14 14:57 
 

El usuario no ha dejado ningún comentario para su valoración

Daniel Laverdiere
790
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.

[Eliminado] 2017.08.31 15:23 
 

El usuario no ha dejado ningún comentario para su valoración

Manabu Yanagita
959
Manabu Yanagita 2017.09.22 12:54 
 

It is dangerous if the funds are not big.

After all it is Martin...

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.

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.

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

vcmet
646
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.

Andrey Lyulyaev
259
Andrey Lyulyaev 2017.12.05 13:03 
 

El usuario no ha dejado ningún comentario para su valoración

Remigijus Radinas
596
Remigijus Radinas 2017.12.21 16:06 
 

So far so good thanks for Sergey!

Sairoong Kidtook
624
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 !!

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!

Michail Smikov
198
Michail Smikov 2018.01.23 08:06 
 

El usuario no ha dejado ningún comentario para su valoración

Cristian Mantovani
1046
Cristian Mantovani 2018.01.26 10:50 
 

Very valid.

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

DENYS KOSHCHAVETS
552
DENYS KOSHCHAVETS 2018.02.05 11:27 
 

шикарно выгреб меня и многих просадок , поддержка на уровне

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.

Maksim Konev
153
Maksim Konev 2018.02.18 18:11 
 

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

Eric Emmrich
12058
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!

Luigi Salvatores Buigues Morillo
1087
Luigi Salvatores Buigues Morillo 2018.05.06 02:04 
 

Muchas graciass .muy bueno

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.

Priit Poltsama
208
Priit Poltsama 2018.06.09 19:18 
 

Great EA and good support from author.

Five stars.

Preeda Boonkhun
2343
Preeda Boonkhun 2018.06.10 21:54 
 

smart ea

Vhug84
671
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.

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!

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.

Евгений
20
Евгений 2018.09.06 10:57 
 

El usuario no ha dejado ningún comentario para su valoración

BRADLEY PATRICK
1082
BRADLEY PATRICK 2018.10.03 09:48 
 

This EA has a high drawdown.

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.

Felix Scholten
450
Felix Scholten 2019.01.30 18:08 
 

Great support and tool!

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

Lev Vladimirovic Marushkin
1727
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!!

Saya pann
915
Saya pann 2019.12.05 09:35 
 

Very promising Recovery EA and support from vendor is excellent.

vladimir9010
413
vladimir9010 2020.02.15 16:29 
 

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

ayneekeaw
130
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.

Vasil lupanov
2176
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 !!!

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!

asaens15
2153
asaens15 2019.11.20 14:12 
 

El usuario no ha dejado ningún comentario para su valoración

Respuesta al comentario
Versión 5.29 2020.11.25
[v] Fixed future level calculations
Versión 5.28 2020.11.18
[v] - Fixed work with far from market price order
Versión 5.27 2020.11.09
[+] Add start work after symbol dd in percent
[v] Fix trall work
Versión 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
Versión 5.25 2020.10.02
[v] - speed optimize
[v] - fix save settings
Versión 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.
Versión 5.23 2020.06.06
-fixed Trend protect
Versión 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
Versión 5.19 2020.03.14
-Now removing SL and TP with hight speed
-Interface fixed
-Signal filtering inside one candle
Versión 5.18 2020.02.20
-Add open orders on new bar
-Fixed work with one order
Versión 5.17 2019.11.20
-Improvements in the function Simple Trend protect
-speed optimization
Versión 5.16 2019.11.07
-bug fixed
Versión 5.15 2019.11.01
-Partition lock.
-Trailing for profitable positions
-Working with other OL
-CPU load indicator (relevant for slow VPS)
Versión 5.11 2018.11.05
-improved compatibility with the OL panel
-bugs fixed
Versión 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)
Versión 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
Versión 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.
Versión 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.
Versión 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
Versión 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)
Versión 5.4 2017.09.13
- Fixed the EA's algorithm for trading in one direction
Versión 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
Versión 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)
Versión 5.1 2017.08.01
Changed the default parameters for testing as well as the color of price levels