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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
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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Presentazione       Quantum Gold Emperor EA   , l'innovativo consulente esperto MQL5 che sta trasformando il modo in cui fai trading sulla prestigiosa coppia XAUUSD(GOLD)! Sviluppato da un team di trader esperti con un'esperienza di trading di oltre 13 anni. IMPORTANTE! Dopo l'acquisto inviatemi un messaggio privato per ricevere il manuale di installazione e le istruzioni per la configurazione. ***Acquista Quantum Gold Emperor EA e potresti ottenere Quantum Trade EA gratis!*** Chiedi in privato
499.99 USD
Aura Black Edition MT5
Stanislav Tomilov
4.32 (22)
Aura Black Edition is a fully automated EA designed to trade GOLD only. Expert showed stable results on XAUUSD in 2011-2020 period. No dangerous methods of money management used, no martingale, no grid or scalp. Suitable for any broker conditions. EA trained with a multilayer perceptron Neural Network (MLP) is a class of feedforward artificial neural network (ANN). The term MLP is used ambiguously, sometimes loosely to any feedforward ANN, sometimes strictly to refer to networks composed of mult
2 000 USD
DaVinci Code EA
Shintaseftiana
2.33 (3)
The latest version 1.3 has been published. I think DaVinci Code EA's performance is amazing The price of this EA will be increased steadily, to limit the number of users trading with this system. The Current price is 3 copies left of 5 provided , next price 799 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 tr
599 USD
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
499 USD
Dragon Blaze MT5
Jesper Christensen
5 (1)
Dragon Blaze is a sophisticated trading system with an advanced entry model based on price action and price patterns, classical indicators and rate of accumulation and distribution between buyers and sellers.  Additionally it utilizes a smart and self adapting grid system to manage positions effectively and close baskets of positions. The grid system not only uses several different multipliers to match the market optimally, but also has an integrated function that adds to the multiplier dependin
345 USD
Perceptrader AI MT5
Valeriia Mishchenko
4.67 (6)
EA has a live track record with 48 month of stable trading with low drawdown: Live performance MT4 version can be found here Perceptrader AI is a cutting-edge grid trading system that leverages the power of Artificial Intelligence, utilizing Deep Learning algorithms and Artificial Neural Networks (ANN) to analyze large amounts of market data at high speed and detect high-potential trading opportunities to exploit. Supported currency pairs: NZDUSD, USDCAD, AUDNZD, AUDCAD, NZDCAD, GBPCHF Timefra
2 400 USD
Waka Waka EA MT5
Valeriia Mishchenko
4.31 (36)
EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
2 600 USD
Hamilton
Tajammul Hussain
5 (15)
Hamilton: La tua chiave di accesso al trading CAD redditizio Intraprendia un viaggio trasformativo nel mondo del trading di valute con Hamilton, il più recente aggiunto alla mia suite di consulenti esperti. Questo sofisticato EA è progettato per navigare nel complesso panorama delle coppie di dollari canadesi e dei loro cross, offrendo risultati coerenti attraverso il suo approccio innovativo. Hamilton impiega una combinazione unica di indicatori popolari, inclusi volume, tendenza e inversione d
349 USD
SIEA Pro MT5 NG
Daniel Stein
5 (1)
SIEA PRO NG è la nuova generazione di SIEA PRO ed è completamente diversa da tutti i precedenti EA della nostra azienda. I prezzi indicati sono prezzi scontati per il lancio sul mercato di SIEA PRO NG! I fatti principali in sintesi negozia una strategia di mean reversion basata su 5 anni completi di dati unici di volume reale ogni operazione è corredata da uno stop loss e da un take profit fissi la durata media dell'operazione è inferiore alle 48 ore molte opzioni per la messa a punto individ
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". 
395 USD
Pass HFT RMF
Dilwyn Tng
5 (4)
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
499 USD
Darwin Swing MT5
Guillaume Duportal
4.92 (37)
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
999 USD
Aurum MT5
Anton Kondratev
5 (1)
Aurum   EA   È a   Sistema accessibile completamente automatico   con parametri di ottimizzazione aperti e   meccanismo di ripristino in tempo reale. Only 8 Copies of 10 Left  for 425 $ Next Price 999 $  GUIDA Aurum Segnali Rimborso al broker della Commissione Aggiornamenti Il mio blog Not        Grid       , Not        Martingale       , Not         AI         , Not         Neural Network. Default Settings for One chart        XAUUSD/GOLD M15 Ogni posizione ha sempre un       SL/TP fisso  
425 USD
TopBottomEA MT5
lizhi fu
4.76 (17)
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
520 USD
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
299 USD
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
249 USD
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
99 USD
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
199 USD
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 
 

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