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  • Recensioni (5)
  • Commenti (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.

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

Good EA. Outdated documentation...

luqide
182
luqide 2022.05.26 01:31 
 

非常好的EA,拯救了我的两个账户。

Leopoldo Licari
1716
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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Presentazione del nostro EA MT5: Alimentato da algoritmi avanzati e tecnologia di apprendimento profondo, il nostro Expert Advisor (EA) è meticolosamente progettato per guidarvi attraverso il mondo intricato del trading sul forex. Il sistema analizza diligentemente le attività di mercato ed effettua operazioni in base a criteri prestabiliti, consentendovi di cogliere le tendenze di mercato in modo più efficace. Coppie di valute consigliate: Segnale dal vivo: TrendMaster FX Versione MT4: TrendMas
Gold Excel MT5
Gregory Hay
4.57 (14)
benvenuto a       Versione GoldExcel EA MT5   , trading valido per la coppia di valute XAUUSD (GOLD) di oggi. È stato progettato dal nostro team per gestire account regolari, account sponsorizzati e attività. Non utilizzare il trading ad alta frequenza. See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller Il prezzo iniziale aumenta ogni poche settimane. Live $1K account Aggressive :  https://www.mql5.com/en/signals/2133201 Live $5K Low Risk:  https://www.mql5.com/en/si
GoldPulse AI MT5
Babak Alamdar
4.69 (13)
Acquista non un backtest, ma un vero sistema di trading:  Live Signal 1     Live Signal 2 Questo prezzo è temporaneo per la durata della promozione e verrà aumentato a breve Prezzo finale: 5000 $ Sono rimaste solo poche copie al prezzo attuale, il prezzo successivo è -->> 500 $ Welcome to the GoldPulse AI Hey, I'm GoldPulse AI! Questo è il primo robot più intelligente che scambia oro o XAU con coppie complete come XAUUSD, XAUEUR, XAUGBP, XAUAUD, XAUJPY, XAUCHF, XAUSGD e XAUCNH! Controllo
Quantum Trade EA MT5
Bogdan Ion Puscasu
4.82 (137)
Presentazione       Quantum Trade EA   , l'innovativo consulente esperto MQL5 che sta trasformando il modo in cui fai trading sulla prestigiosa coppia GBPUSD! Sviluppato da un team di trader esperti con un'esperienza di trading di oltre 13 anni, Quantum Trade       EA è progettato per spingere il tuo viaggio di trading a nuovi livelli con la sua strategia innovativa e dinamica della zona di breakout. IMPORTANTE! Dopo l'acquisto inviatemi un messaggio privato per ricevere il manuale di installa
Daytrade Pro Algo MT5
Profalgo Limited
4.5 (10)
Promozione lancio: Numero limitato di copie disponibili al prezzo corrente Prezzo finale: 990$ Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Benvenuto in DayTrade Pro Algo!   Dopo anni di studio dei mercati e programmazione di diverse strategie, ho trovato un algoritmo che ha tutto ciò di cui ha bisogno un buon sistema di trading: È indipendente dal broker Si sviluppa indipendente Mostra backtest mol
Way To Stars is a night scalping EA specifically designed to trade during periods of low market volatility to capitalize on low-risk opportunities. This night scalping EA focuses on capturing small price movements for frequent trading, thereby accumulating profits over time. It employs strict stop-loss measures to limit potential losses per trade, ensuring effective risk management. Way To Stars is a genuine and honest trading system that does not rely on purported neural networks, artificial i
Darwin Swing MT5
Guillaume Duportal
4.92 (38)
Darwin SWING Prezzo di lancio 999 USD, prezzo futuro 1490 USD DESCRIZIONI : -- Per capire come funziona, leggete il blog (Questo EA riflette la mia filosofia di trading sul forex... Se vi piace il mio modo di vedere le cose, allora vi piacerà il mio EA. Prendetevi il tempo per farlo! (Il Forex non è una gara): https://www.mql5.com/en/blogs/post/745790 -- Per vedere le performance passate ecco i link ai segnali Segnali live e demo: https://www.mql5.com/en/users/tradedeal/seller
AI NeuroX EA
Denis Kurnev
4.5 (14)
AI NeuroX EA is an innovative trading advisor based on advanced artificial intelligence technologies, including neural networks and the Perplexity and GPT-4 platforms. This advisor has a unique ability to analyze and predict the dynamics of financial markets using deep learning and advanced algorithms. Thanks to the intuition that even the most experienced traders would envy, AI NeuroX EA is capable of developing unprecedented trading strategies, ensuring excellent performance. This advisor oper
Benvenuto in GoldEnergy Advisors, un trader attivo della coppia XAUUSD(GOLD). Sviluppato dal nostro team, può essere utilizzato per conti generali, conti autofinanziati e operazioni autogestite. Non utilizzare l'HFT. See all products here:     https://www.mql5.com/en/users/fxmanagedforexltd/seller ***PREZZO DELLA VERSIONE PRECEDENTE*** Il profitto mensile medio in tempo reale per un conto da $ 1.000 è superiore al 30%   . :   https://www.mql5.com/es/signals/2212389 Il sistema GoldEnergy utilizza
DaVinci Code EA
Shintaseftiana
3.4 (5)
The price of this EA will be increased steadily, to limit the number of users trading with this system. The Current price is 2 copies left of 5 provided , next price 999 usd,    so come on hurry up Introducing DaVinci Code EA - the ultimate Expert Advisor that's out of this world! This cutting-edge EA operates on a super advanced system with Market Structure and OrderBlock, all set to skyrocket your trading success. Live Signal     |     Channel    |    Setfile Although DaVinci Code EA can ru
Hercules AI
Aleksandr Chebotaev
5 (4)
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
Dark Algo MT5
Marco Solito
5 (40)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
Scalper Deriv
Antonio Simon Del Vecchio
5 (8)
Presentiamo Scalper Deriv: Eleva la tua esperienza di scalping. GRANDE OFFERTA PER UN TEMPO LIMITATO Ora $350, prima $400. Approfittane subito! Ottieni 1 EA gratis (per 2 account di trading) -> contattami dopo l'acquisto. Setfiles e altro   qui Sei tra i trader che trovano la loro passione nello scalping e desiderano massimizzare il loro capitale? Che tu abbia un saldo di $20, $200, $2000, $20000 o addirittura $200000 sul tuo conto, abbiamo la soluzione perfetta per te! Ti presentiamo Scalp
Altri dall’autore
Open lock
Sergey Likho
4.02 (45)
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 th
Metusha
Sergey Likho
5 (5)
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
Exposure SYL
Sergey Likho
4.96 (89)
iExposure SYL displays information about opened trades considering commissions and swap, which affects the open price and the final outcome and and also allows drawing virtual transactions and calculating possible profits and losses in advance.   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 directe
FREE
Screen logger
Sergey Likho
5 (17)
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
FREE
Blizzard Adaptive
Sergey Likho
5 (1)
Trend indicator based on a combination of moving averages. Symbols : BTCUSD, GBJPJPY, GOLD, GBPUSD Timframes M5-H4 The main advantage: an additional algorithm of auto-optimization. The indicator can adjust its parameters for any financial instrument and any timeframe. During auto-optimization, the indicator calculates tens of thousands of combinations and finds the one that gives the best series of profitable trades. The best parameters are set by default Indicator settings can
Alien MT4
Sergey Likho
The Alien uses an adaptive trading system, which independently adapts to the current market.  The Alien independently determines the trend, looks for signals to enter, analyzes closed trades and adjusts its work depending on the results on the history. It is based on an already trained neural network. Tuning and training are automatic and do not require any additional action. Signal:  https://www.mql5.com/ru/signals/863157#!tab=account Recommended accounts: ECN with floating spread
Filtro:
Larry E Liddiard
695
Larry E Liddiard 2022.05.31 10:16 
 

Good EA. Outdated documentation...

luqide
182
luqide 2022.05.26 01:31 
 

非常好的EA,拯救了我的两个账户。

Leopoldo Licari
1716
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 
 

L'utente non ha lasciato alcun commento sulla valutazione.

Rispondi alla recensione
Versione 5.39 2022.05.06
-added all new features from the open lock for MT4
Versione 5.24 2020.07.01
-minor fixed
Versione 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
Versione 5.10 2018.10.22
bugs fixed
Versione 5.9 2018.07.27
-Increased speed with a large number of orders
-some fixes in algorithm OL