• Información general
  • Comentarios (5)
  • Discusión (15)
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Open lock MT5

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 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.


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


Settings

  • 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
  • Trading mode - trading mode
    • Opening and closing orders - open and close orders in normal mode
    • Only closing orders (Another advisors will open orders) - the EA will only close and lock (if enabled) positions. Orders must be opened by another EA. The EA will work only with the orders that have been opened with the magic number of the Open Lock EA
  • 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
  • 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
  • Time to open orders - time when opening averaging orders is allowed
    • All time
    • Schedule for opening average ord(24H) - allowed time interval
  • From - time to start trading if scheduled trading is selected (can take values from 0 to 23)
  • To - time to stop trading if scheduled trading is selected (can take values from 0 to 23)
  • 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
  • Locking - enable locking losing positions
  • New lot - lot size for the first position
  • Dinamic lot - enable the lot multiplier. If this parameter is enabled, the lot size of the new deal will be multiplied by the coefficient
  • Lot multiplier size - lot multiplier
  • Step - step for opening new orders
  • Dinamic step - enable the step multiplier
  • Step multiplier size - step multiplier
  • Direction - trading direction for the EA
    • UP/DOWN - the EA will open both buy and sell deals
    • UP - the EA will only buy
    • DOWN - the EA will only sell
  • Close orders - orders fro the EA to work with
    • All unprofitable orders - all losing orders
    • One order - order with the ticket specified below
  • Order ticket if set "One order" - order ticket, if the "One Order" mode is selected above
  • Close lot - lot of the losing deal to close
  • Close profit - profit to be gained form closing a part of the losing order


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 5
Larry E Liddiard
695
Larry E Liddiard 2022.05.31 10:16 
 

Good EA. Outdated documentation...

luqide
137
luqide 2022.05.26 01:31 
 

非常好的EA,拯救了我的两个账户。

Leopoldo Licari
1683
Leopoldo Licari 2020.07.22 10:02 
 

Excellent EA with superfine logic. Its main function is to block the DD and from that moment, based on the setting used, it begins to try to recover the loss positions piece by piece. These positions are the only ones that can expose the account to further DD, but they are scheduled and soon closed within a few hours or days. Using a medium risk setting, you can recover without much effort in a fairly acceptable time. In the latest updated version, a useful trailing function and another for protection from large directional movements have also arrived, further enriching the EA's personalization. You have to know exactly what the EA is doing otherwise it cannot fully appreciate the logic of blocking and recovery.

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DaVinci Code EA
Shintaseftiana
2.33 (3)
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Profalgo Limited
4.5 (10)
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499 USD
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Jesper Christensen
5 (1)
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Valeriia Mishchenko
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Waka Waka EA MT5
Valeriia Mishchenko
4.31 (36)
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Tajammul Hussain
5 (15)
Hamilton: Tu Puerta de Acceso al Lucrativo Trading de CAD Embarcate en un viaje transformador en el mundo del trading de forex con Hamilton, la última incorporación a mi conjunto de asesores expertos. Este sofisticado EA está diseñado para navegar el complejo panorama de los pares de Dólar Canadiense y sus cruces, ofreciendo resultados consistentes a través de su enfoque innovador. Hamilton emplea una mezcla única de indicadores populares, incluyendo volumen, tendencia y reversión de tendencia,
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888 USD
Aussie Victor MT5
Jesper Christensen
4.86 (29)
Aussie Victor is a grid based trading system that uses cost averaging to enter into positions, designed for the FX pair AUD-CAD. To find its entries this EA uses a type of machine learning process to search for price patterns with a high degree of repetition. Live (real) account monitoring:   https://www.mql5.com/en/signals/2005038   On the  monitoring signal account  the EA used the "Aggressive risk" setfile the first four months. Since then, the EA uses the set file called "Moderate risk". 
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Pass HFT RMF is a bot specially and solely designed for the purpose of quick passing Raise My Fund HFT (High Frequent Trading) challenges. This purchase allows you to use this bot to pass unlimited number of challenges or evaluations and future updates Special Features: - Built-in equity protectors - Once loaded, it will trades all the days meeting trading days requirement - Fast passing  Note: - This bot is tested and passed HFT challenge by Raise My Fund (RTF) MT5 ONLY. - Other prop f
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Darwin Swing MT5
Guillaume Duportal
4.92 (37)
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Aurum MT5
Anton Kondratev
5 (1)
Aurum   EA   Es un   Sistema Accesible Totalmente Automático   con Parámetros de Optimización Abiertos y   Mecanismo de Recuperación en Tiempo Real. Only 8 Copies of 10 Left  for 425 $ Next Price 999 $  GUÍA AURUM Señales Reembolso del corredor de comisiones Actualizaciones Mi blog Not        Grid       , Not        Martingale       , Not         AI         , Not         Neural Network. Default Settings for One chart        XAUUSD/GOLD M15 Cada puesto siempre tiene un       Fijo SL/TP      
425 USD
TopBottomEA advantage: the first support for small capital work EA, real trading more than 4 years; this EA based on volatility adaptive mechanism, only one single at a time, each single with a stop-loss, an average of about 4 orders per day, holding a single length of about 12 hours. New on the EA activity price: $598, every three days up $100, price process: 398 --> 498 --> 598...... Up to the target price of $ 4999. If you encounter installation and EA backtesting problems, please contact us
598 USD
Dragon Multi EA MT5
Mansour Babasafary
4.59 (29)
3 experts in 1 expert Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This expert is basically 3 different experts. But we have combined these 3 experts in 1 expert so that you can use 3 experts at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term The price will increase by 100$ after every 10 p
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Filtro:
Larry E Liddiard
695
Larry E Liddiard 2022.05.31 10:16 
 

Good EA. Outdated documentation...

luqide
137
luqide 2022.05.26 01:31 
 

非常好的EA,拯救了我的两个账户。

Leopoldo Licari
1683
Leopoldo Licari 2020.07.22 10:02 
 

Excellent EA with superfine logic. Its main function is to block the DD and from that moment, based on the setting used, it begins to try to recover the loss positions piece by piece. These positions are the only ones that can expose the account to further DD, but they are scheduled and soon closed within a few hours or days. Using a medium risk setting, you can recover without much effort in a fairly acceptable time. In the latest updated version, a useful trailing function and another for protection from large directional movements have also arrived, further enriching the EA's personalization. You have to know exactly what the EA is doing otherwise it cannot fully appreciate the logic of blocking and recovery.

MARTIN AFAMEFUNA HILARY OBIANODO
863
MARTIN AFAMEFUNA HILARY OBIANODO 2019.07.27 21:04 
 

This is the best EA ever.. I was backtesting it for over 4 months before purchase.. I found the settings that suit my trading goals. I target about 15% ROI monthly, which is very achievable with Drawdown not more than 10%, on EUR/USD.. Thanks to Sergey Likho, this is the best thing ever..

Michail Smikov
198
Michail Smikov 2018.05.03 22:44 
 

El usuario no ha dejado ningún comentario para su valoración

Respuesta al comentario
Versión 5.39 2022.05.06
-added all new features from the open lock for MT4
Versión 5.24 2020.07.01
-minor fixed
Versión 5.23 2020.06.30
-trailing stop
-Step by step locking
-Automatic calculation for three risk levels
and other features from the Open lock for MT4
Versión 5.10 2018.10.22
bugs fixed
Versión 5.9 2018.07.27
-Increased speed with a large number of orders
-some fixes in algorithm OL