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Lock Guard

In trading, losses are inevitable, but they can be managed effectively with the right tools. Lock Guard ©  can be used for insuring positions in manual trading or as an addition to another robot. It is a powerful tool for saving a trader's main positions because it can prevent losses from getting out of hand.

Lock Guard © is a trading tool that helps manage losses by automatically placing pending stop orders, which act as counter orders that become market orders when the price moves against the trader's main position. These stop orders prevent losses from increasing beyond a specified level, preserving the trader's main position and allowing it to generate profit when the lock closes or the price moves back in favor of the trader's main position. Each position is secured with a separate pending order, ensuring that they are all protected.


Benefits of using Lock Guard

Using Lock Guard offers several benefits, including:

Limiting losses

By freezing losses at a predetermined level, this EA helps prevent them from increasing and allows your main trading positions to remain active.

Flexibility

Traders have the flexibility to adapt the use of this EA to their specific needs, whether it's manual trading or using another robot, as it can be integrated with any trading strategy.

Multiple positions

Traders can use this EA to secure multiple positions, and there is no limit to the number of positions that can be locked.

Account Protection

This EA comes with an account protection feature that monitors your daily drawdown and prevents your account from exceeding the maximum daily drawdown limit set for it, ensuring the safety of your account.

Multi-direction Locking

With this EA, it's possible to lock the direction of any position, whether it's a Buy or Sell. There's no requirement to specify which positions should be monitored and protected by the EA.


Benefits of Hedging over traditional Stop Loss

  • Hedging can provide greater flexibility in managing risk
  • Hedging allows traders to continue holding a losing position with the potential for recovery
  • Stop-loss orders can be vulnerable to slippage, especially in volatile markets
  • Hedging can be used as a strategy to protect against unexpected market events, such as sudden price spikes or geopolitical events.
  • Hedging can also be used to reduce the impact of currency fluctuations.


Usage

Attach this EA to any single chart.

Note: Please avoid attaching this to multiple charts if you're using the same Magic number. It's okay if you're using different Magic numbers per chart installation.


Lock Guard Settings

These are the settings within this EA:

[-- General --]

This section shows you all the general settings of the EA:

Lock ID / Comment
This string serves as an identifier for the lock orders generated by the EA, and it is also used as a comment for these orders.
Lock Break Even Trigger (Multi)
This acts as the trigger point for the break-even level/price of the lock order. For example, if the stop loss distance of the lock order is 100 points and the Lock BE Trigger Multiplier is 2, the lock's break-even level will be triggered when the price reaches the Lock Order's Open Price plus 200 points.
Lock Break Event Offset (Multi)
This determines the offset distance of the break-even level from the lock order's open price. For instance, if the stop loss distance of the lock order is 100 points and the Lock BE Offset Multiplier is 1, the break-even level for the lock order will be (Lock Order's Open Price + 100 points). It is important to note that the offset value must be lower than the trigger multiplier.
Default Stop Loss Distance (Points)
In the event that your main position lacks a stop loss, this EA will automatically set a default stop loss distance value and utilize it as the stop loss for your main position.
Set Magic Number (0 - Ignore)                                                      
If you intend to use this EA to manage trades made by another robot, you can input the magic number of the said robot in this section. If you want the EA to manage all positions, regardless of whether you are trading manually or using another robot, you can set the value to 0.


[-- Account Protection --]

This section shows you all the settings for the account protection feature of the EA:

Max Daily Drawdown (%)                               
This value represents the maximum daily drawdown allowed in your account balance.
What do you do if daily DD is hit
This is a list of options that you can choose from in the event that your max daily drawdown is reached. If you prefer to disable the account protection feature, you can select the "Do nothing" option.


[-- Testing --]

This section shows you all the settings only available in Strategy Tester:

Direction 
This determines the direction of the orders that are automatically created for testing purposes. It can either be set to "Buy" or "Sell".
Lots 
This determines the volume or lot size of the test order.


Disadvantage of using Lock Guard

In a ranging market, the price moves back and forth between a defined range. This means that the price doesn't make any significant move, and it stays within a narrow range. The disadvantage of using Lock Guard in a ranging market is that it can lead to a successive hitting of your lock's stop loss. This happens when the price hits your lock order multiple times, causing a loss.  As a trader, it's always a great idea to keep an eye on your main positions and make sure that they're not bouncing in and out in a ranging price movement.


Support

If you have any questions, feel free to contact me. I'm happy to help and answer your questions and concerns. 💚


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The EA uses scalping strategy at night, trading consists of three algorithms and each algorithm works in its own time interval. The EA uses many smart filters to adapt to almost any economic situation. Pending orders are used for the least slippage when trading scalping. The adviser is safe and does not require any settings from the user, just install it on the chart and you are ready. The EA sets a protective stop order, so the trader does not have to worry that the robot will allow significant
Metatrader5 Trailing Stop Loss Program Platform Compatibility : This program is designed for the MetaTrader 5 platform. Functionality : The program scans all open Forex currency pair trades on MetaTrader 5 and adjusts their STOP LOSSES to a PROFIT position based on your specified input parameters. Parameters and Example : Example Trade : EURUSD Long (BUY) trade @ 1.0800 STOP LOSS (-50 pips) @ 1.0750 TAKE PROFIT (+50 pips) @ 1.0850 Program Settings : WhenToTrail = 20 PIPS (Pips profit amount to
Volatility 75 Stelar
Ignacio Agustin Mene Franco
Volatility 75 Stelar It is a passive bot, with the strategy of the parabolic sar with its modified parameters and programmed %100 for the volatility 75 index pair of (Deriv) synthetic indices The bot is simple to use, IT IS USED IN A TIME OF 15 Minutes You only have to modify the parameters of the Vol, SL and TP Afterwards it works as it comes, where in 1 year of back testing I managed to make more than %200 always when controlling the lot, as well as the sl and tp as it is programmed, you just
MartexPO MT5
Viktor Shpakovskiy
MartexPO MT5 is a moderately aggressive advisor working on a martingale strategy and with the ability to hedge unprofitable positions. Uses pending orders for opening the first order and for hedging. With an asymmetric "lock" - the MartexPO MT5 EA is able to independently exit the "lock" with a profit. The MartexPO MT5 EA can average orders manually opened by a trader and orders opened by another EA. The EA will be of interest to both beginners and experienced traders. A set files and a guide to
Indices Scalper EA provides functions: Start Trading, End Trading, Сlose Order(Time), Pending Order Placement (Time), Tralling stop (automatically according to strategy), trading can be switched off, daily range (strategy), stop loss per day (risk management), Stop loss (risk management), take profit (money management), tracking stop and tracking step (strategy), Risk per order (risk management) and much more! Through a newly developed stop system and with an algorithm never known before, Indic
FREE
Binance Grid Pro offers an alternative to the built in Grid systems Binance Platform offers. This utility let you define a grid parameters for interact with your Binance account using an Isolated Margin account. This is, similar to Spot Grid in Binance. This is not for handle with derivatives contracts, is for handle with Spot through Isolated Margin Account. But obviosly this utility offers a different approach than built in Binance Grid to handle the Grid, which I have found useful based o
Recovery System
Maksim Neimerik
Recovery System EA The advisor is designed to automate the process of recovering losses on the current symbol. It can be used if there is a current loss, as well as to accompany other advisors. This product can also be used as a stand-alone advisor. Recovery System EA contains in the settings an option to select the operating mode: Recovery MA Cross Stochastic Bollinger Bands Non-indicators When working in Recovery mode, the advisor removes a losing position from a drawdown using the method sh
GoldMining
Mr Sarut Panjan
Our automated forex trading system offers three key risk control functions that make it an intriguing choice: 1. Fixed Lot : You can specify the lot size for each trade. This feature allows for efficient capital allocation and the ability to adjust position sizes based on your risk preferences and market conditions. 2. Fixed Loss per Trade: The system enables you to set a maximum acceptable loss per order. This ensures that no single trade can result in significant losses, protecting your o
Ganesha EA
Tuti Imelda
Introducing  Ganesha EA  – Expert Advisor base on Trend determine with market structure analisys and Supply Demand and OrderBlock level.   I design Ganesha EA for XAUUSD/Gold and GBPUSD  pairs, and not using any dangerous strategy like martingale, grid, etc..  This EA protected by Auto Stoploss and Takeprofit.   Installation Recommendation Running Ganesha EA at GBPUSD and/or XAUUSD pairs on  H1 timeframes . You can start to trade with $ 300 Minimum initial Deposit Account Type : Hedged The recom
Master MA EA MT5
NGUYEN NGHIEM DUY
Master MA EA MT5 is an advisor with an adaptive system for "Resolving" a basket of orders   can also be used   to restore unprofitable positions on the account. The signal uses the direction of the exponential moving averages, average daily volatility, then   builds an order grid if the price deviates. The grid step is configurable, and if the price goes against us, then after a certain number of orders, the account recovery function (Drawdown Reduction) is activated, the most distant unprofitab
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B e sure to watch this video before using A community for users, product discussion, update news, and first line of support  Use Webmoney For payments in cryptocurrencies. How I use this algo tool   Lazy Trader is NOT SUITABLE FOR SCALPING EVERY MINUTE MOVEMENT, ESPECIALLY IN CRYPTO. WITHOUT UNDERSTANDING WHAT IS HAPPENING ON THE CHART, THERE IS NO POINT IN BLINDLY HOPING FOR PROFITS! Lazy Trader does NOT USE openAI chat-gpt-4 technologies, which are added to descriptions for product promoti
Adam FTMO MT5
Vyacheslav Izvarin
5 (2)
ADAM EA Special Version for FTMO Please use ShowInfo= false for backtesting ! Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94362 -------------------------------------------------------------------------------
Trading Chaos Expert
Gennadiy Stanilevych
5 (10)
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs. Interacting with additional signal indicators that mark the chart to give a real mark
Hedge Ninja
Robert Mathias Bernt Larsson
3 (2)
Make sure to join our Discord community over at www.Robertsfx.com , you can also buy the EA at robertsfx.com WIN NO MATTER IN WHICH DIRECTION THE PRICE MOVES This robot wins no matter in which direction the price moves by following changing direction depending on in which direction price moves. This is the most free way of trading to this date. So you win no matter which direction it moves (when price moves to either of the red lines as seen on the screenshot, it wins with the profit target yo
Attention: this is a multicurrency EA, which trades by several pairs from one chart!  Therefore, in order to avoid duplicate trades, it is necessary to attach EA only to one chart, ---> all trading in all pairs is conducted only from one chart! we can trade simultaneously in three different pairs, as by default (EURUSD + GBPUSD + AUDUSD), which take into account the correlation when entering the market for all three; we can trade only EURUSD (or any currency pair) and at the same time take into
Dear traders and investors! We present to you the MT5 Optimization Booster – an innovative product that will revolutionize your optimization experience on MetaTrader 5! The MT5 Optimization Booster is based on the innovative Quantum Swap Protocol (QSP) algorithm – a unique proprietary optimization strategy that forms the core of the product and elevates the process of finding optimal solutions to a new level. After the purchase , be sure to contact me . The product is designed to enhance the
Spike Auto Catcher
Harifidy Razafindranaivo
INTRODUCTION : This Panel is made to detect the spike presence and opens trade transaction automatically after providing  a signal of control to operate autonomiousely the trade. It is a best scalper and a good spike catcher.   IMPORTANT : It is recommended to use Virtual Hosting Server VPS to optimize the methods implemented and to operate 24h a day. REQUIREMENTS : Relevant Terminal : Metatrader 5 - MT5. Brokers : Deriv Ltd and Others. Currency : Boom and Crash 1000 index Lot size : opti
FiboPlusWaves MT5
Sergey Malysh
5 (1)
FiboPlusWave Series products Ready-made trading system based on Elliott waves and Fibonacci retracement levels . It is simple and affordable. Display of the marking of Elliott waves (main or alternative option) on the chart. Construction of horizontal levels, support and resistance lines, a channel. Superposition of Fibonacci levels on waves 1, 3, 5, A Alert system (on-screen, E-Mail, Push notifications).    Features: without delving into the Elliott wave theory, you can immediately open one of
Mt5BridgeBinary
Leandro Sanchez Marino
I automated its commercial strategies for use of binary in MT5 and with our Mt5BridgeBinary I sent the orders to its Binary account and I list: begin to operate this way of easy! The expert advisers are easy to form, to optimize and to realize hardiness tests; also in the test we can project its long-term profitability, that's why we have created Mt5BridgeBinary to connect its best strategies to Binary. Characteristics: - It can use so many strategies as I wished. (Expert Advisor). - He doe
Xrade EA
Yao Maxime Kayi
Xrade EA is an expert advisor as technical indicator. For short period trade it's the best for next previsions of the trend of the market. +--------------------------------------------------------------------------------------- Very Important Our robot(data anylizer) does'nt take a trade procedure. If using only our robot you must take positions by yoursels +--------------------------------------------------------------------------------------- The technical indiator provide for a give
News: IDEA 2.0 is out with lot of features, like telegram bot notifications and Limits order! Check the changelog at bottom of page (*). Hi all, here you can find my Expert Advisor, called IDEA  (Intelligent Detection & managEr Algorithm) . In short, with this software you can: Have   a clear view of market status , with an indication of current trend. Simply add symbols you want to monitor to your market watch, and IDEA will notify you if some of them are in trend; Have an   automatic lots
Technical confluence zones is a very popular tool for traders. This EA detects such zones by studying chart patterns, naked price levels, fib levels, SMA/EMA over multiple timeframes and more. The source data is loaded from Mytradingpet.com. To find out what are factored in when determining such zones, visit https://mytradingpet.com - a free service for all traders. The zones are color coded. Purple indicates the highest level of confluence.
PROMOTION!! $499 until 1 Mar. After that, EA will be $1,050 Developed and tested for over 3 years, this is one of the safest EAs on the planet for trading the New York Open. Trading could never be easier.  Trade On NASDAQ US30 (Dow Jones Industrial Average) S&P 500  What Does The EA do? The EA will open a Buy Stop Order and a Sell Stop Order(With SL and TP) on either side of the market just a few seconds before the NY Open.  As soon as 1 of the 2 trades is triggered, the EA automatically delete
iZTrade Panel  Control multi Order, Position and Multi Symbol  Special for Gold trading and Scalping Trading. Panel can run with MT4 and MT5. Support Fibonnaci for Support and Resistance with value 1. One Click Order. 2. One Click Modify. 3. One Click Close Profit Position. 4. One Click Close Lose Position. 5. One Click Delete Order Pending. 6. One Click Set Take Profit and Stoploss. 7. One Click Set Active Trailing Stop for All Position. 8. One Click Set Buy/Sell Limit Stop. 9. Control multi st
Saving data from the order book. Data replay utility: https://www.mql5.com/en/market/product/71640 Library for use in the strategy tester: https://www.mql5.com/en/market/product/81409 Perhaps, then a library will appear for using the saved data in the strategy tester, depending on the interest in this development. Now there are developments of this kind using shared memory, when only one copy of the data is in RAM. This not only solves the memory issue, but gives faster initialization on each
iZTrade Panel  Control multi Order, Position and Multi Symbol  Special for Gold trading and Scalping Trading. Panel can run with MT4 and MT5. Support Fibonnaci for Support and Resistance with value 1. One Click Order. 2. One Click Modify. 3. One Click Close Profit Position. 4. One Click Close Lose Position. 5. One Click Delete Order Pending. 6. One Click Set Take Profit and Stoploss. 7. One Click Set Active Trailing Stop for All Position. 8. One Click Set Buy/Sell Limit Stop. 9. Control multi st
All in one Keylevel
Trinh Minh Tung
5 (1)
Instead of sticking to the Charts,let's use ALL IN ONE KEYLEVEL Announcement: We are pleased to announce the latest version 14.02 of the One In One Keylevel product. This is a reliable product that has been upgraded with many new features and improvements to make your work easier and more efficient. Currently, we have a special promotion for this new version. The current discounted price is $500, and there are only 32 units left. After that, the price will increase to $1000, and will continue to
The EA Protection Filter ( MT4 version here ) provides a news filter as well as a stock market crash filter, which can be used in combination with other EAs. Therefore, it serves as an additional protective layer for other EAs that do provide such filters.  During backtest analysis of my own night scalpers, which already use a stock market crash filter, I noticed that the historic drawdown,  especially during stock market crash phases like 2007-2008, was reduced significantly by using such a fil
This EA Can work on any pair and make grids .  Is consistent in working and make comfortable trades. This have SL and TP well defined and Approx amount you need to out a trade too. For any information you can contract the developer .  Please try once and let me know the reviews. this will show how many trades are Open for BUY and SELL at a time and How much PL you are at right now .   
Best for Technical Analysis You can set from one key shortcut for graphical tool or chart control for technical analysis. Graphic design software / CAD-like smooth drawing experience. Best for price action traders. Sync Drawing Objects You don’t need to repeat drawing the same trend line on the other charts. Shortcuts do that for you automatically. Of course, any additional modifications of the object immediately apply to the other charts too. Colors depend on Timeframe Organize drawings
Gold instrument scanner is the chart pattern scanner to detect the triangle pattern, falling wedge pattern, rising wedge pattern, channel pattern and so on. Gold instrument scanner uses highly sophisticated pattern detection algorithm. However, we have designed it in the easy to use and intuitive manner. Advanced Price Pattern Scanner will show all the patterns in your chart in the most efficient format for your trading. You do not have to do tedious manual pattern detection any more. Plus you
Gold Wire Trader MT5 trades using the RSI Indicator. It offers many customizable RSI trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. The EA implements the following entry strategies, that can be enabled or disabled at will: Trade when the RSI Indicator is oversold or overbought Trade when the RSI comes back from an oversold or overbought condition Four different trading behav
Gold trend scanner MT5 a multi symbol multi timeframe dashboard that monitors and analyzes Average True Range indicator value in up to 28 symbols and 9 timeframes  in 3 modes :  It shows the ATR indicator value in all pairs and timeframes and signals when the ATR value reaches a maximum or minimum in a given duration. Short term ATR/Long term ATR ratio: It shows ratio of 2 ATRs with different periods. It's useful in detecting short term volatility and explosive moves. ATR Value/Spread ratio:
A triangular arbitrage strategy exploits inefficiencies between three related currency pairs, placing offsetting transactions which cancel each other for a net profit when the inefficiency is resolved. A deal involves three trades, exchanging the initial currency for a second, the second currency for a third, and the third currency for the initial. With the third trade, the arbitrageur locks in a zero-risk profit from the discrepancy that exists when the market cross exchange rate is not aligned
Gold index expert MT5 Wizard uses Multi-timeframe analysis. In simpler terms, the indicator monitors 2 timeframes. A higher timeframe and a lower timeframe. The indicator determines the trend by analyzing order flow and structure on the higher timeframe(4 hour for instance). Once the trend and order flow have been determined the indicator then uses previous market structure and price action to accurately determine high probability reversal zones. Once the high probability reversal zone has be
Golden Route home MT5 calculates the average prices of BUY (LONG) and SELL (SHORT) open positions, taking into account the size of open positions, commissions and swaps. The indicator builds the average line of LONG open positions, after crossing which, from the bottom up, the total profit for all LONG positions for the current instrument becomes greater than 0. The indicator builds the average line of SHORT open positions, after crossing which, from top to bottom, the total profit for all
Do you want an EA with small stoploss? Do you want an EA that is just in and out of market? Gold looks at several MT5 It is ONLY buying when the market opens and with a window of 10 minutes or less. It uses pre-market price so be sure your broker has that.   This strategies (yes, it is 2 different strategies that can be used with 3 different charts) have tight stoplosses and a takeprofit that often will be reached within seconds! The strategies are well proven. I have used them manually
ABOUT THE PRODUCT Your all-in-one licensing software is now available. End users are typically granted the right to make one or more copies of software without infringing on third-party rights. The license also specifies the obligations of the parties to the license agreement and may impose limitations on how the software can be used. AIM OF THE SOFTWARE The purpose of this system is to provide you with a one-of-a-kind piece of software that will help you license and securely track your MT4/MT
The purpose of this service is to warn you when the percentage of the margin level exceeds either a threshold up or down. Notification is done by email and/or message on mobile in the metatrader app. The frequency of notifications is either at regular time intervals or by step of variation of the margin. The parameters are: - Smartphone (true or false): if true, enables mobile notifications. The default value is false. The terminal options must be configured accordingly. - email (true or false)
基于Goodtrade/GoodX 券商推出的黄金双仓对冲套利的交易模型/策略/系统,在日常的操作遇到的问题: 1、B账户跟随A账户即刻下单。 2:A账户 下单后  B账户 自动抄写止损止盈。 3:A账户平仓B账户同时平仓。 4:B账户平仓A账户也平仓。 5:不利点差下拒绝下单。 6:增加有利点值因子。 通过解决以上问题,改变了熬夜、手工出错、长期盯盘、紧张、恐慌、担心、睡眠不足、饮食不规律、精力不足等问题 目前解决这些问题后,有效提升了工作效率和盈利比例,由原来月10%盈利率提升到月45%的最佳盈利率。 原来的一名交易员只能管理操作两组账户,通过此EA提高到操作管理高达16组交易账户,或许你可以超越我们的记录,期待你的经验交流。 此EA分为: GoodtradeGoodX Tradercropy A       GoodtradeGoodX Tradercropy B     是一个组合EA,假设您购买的额  GoodtradeGoodX Tradercropy   A  必须同时购买 GoodtradeGoodX Tradercropy   B  两个组合使用会到最佳效果。   
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버전 1.42 2023.03.13
Fix: Minor fixes.
버전 1.41 2023.03.13
Fix: stop loss manager.
버전 1.30 2023.03.11
Fix: Make sure to adjust the stop loss if it's too far from the initial level, and set the correct stop loss when the Lock BE is triggered.
버전 1.20 2023.03.11
When the main position goes back to break even or in profit, reset the lock order's open price and stop loss to original. This occurs when the lock order's break-even level is hit during guarding and the lock has already moved far from its initial level.
버전 1.10 2023.03.11
Minor change. Bumping version.