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Open lock

4.07

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.


Recensioni 50
Roman Potekhin
577
Roman Potekhin 2022.10.23 18:48 
 

Отличный оветник. Автор дает рекомендации. Смотрите видео по настройке и все будет отлично!

Larry E Liddiard
693
Larry E Liddiard 2022.05.31 10:14 
 

Good EA. Outdated documentation...

Martin Vovk
314
Martin Vovk 2021.11.17 19:14 
 

Very profitable EA! Great Author, great support ! Sergey, thank you very mutch!

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-------------------------------------------Presentazione: Z4SCALP------------------------------------------------- Z4SCALP è un robot di trading avanzato che ha uno SL per trade, SL molto piccolo, progettato senza martingala. Offerta esclusiva: acquista un prodotto e ricevi l'ltro GRATIS! Le altre tre versioni sono disponibili gratuitamente ------------------------------------------------------------------------------------------------------------------- Se non ti fidi della strategia di prova
Bonnitta EA
Ugochukwu Mobi
2.9 (20)
Experts
Bonnitta EA si basa sulla strategia Pending Position (PPS) e su un algoritmo di trading segreto molto avanzato. La strategia di Bonnitta EA è una combinazione di un indicatore personalizzato segreto, linee di tendenza, livelli di supporto e resistenza (Price Action) e il più importante algoritmo di trading segreto sopra menzionato. NON ACQUISTARE UN EA SENZA NESSUN TEST CON SOLDI VERI DI PIÙ DI 3 MESI, MI CI SONO VOLTE PIÙ DI 100 SETTIMANE (PIÙ DI 2 ANNI) PER TESTARE BONNITTA EA CON SOLDI VER
Albatross ver4
Yvan Musatov
4 (3)
Experts
Professional trading robot   Albatross : Your reliable assistant in the Forex market Albatross is an innovative trading robot designed to analyze the market using a specialized algorithm. This expert uses advanced methods to assess the strength and amplitude of price movements, which allows it to accurately predict trend reversals and make optimal trading decisions. Benefits of using Albatross Unique analysis algorithm: Albatross analyzes market data for a certain period of time, assessing th
SouthEast
Sugianto
5 (15)
Experts
SouthEast is an expert advisor developed from my experience in manual trading that has been automated. SouthEast is specifically designed to generate maximum profits with small deposits by prioritizing the security of your funds. Why SouthEast? SouthEast does not require complicated settings and is easy to use because user only need to upload a set file that is already available. Currently there are set files for 20 fx pairs. The best GRID EA with the ability to control risks. I will share
Indicement MT4
Profalgo Limited
5 (2)
Experts
Benvenuti a Indicement! PROP FIRM PRONTO! -> scarica i file del set   qui PROMOZIONE DI LANCIO: Ne sono rimaste solo poche copie al prezzo attuale! Prezzo finale: 990$ NEW: Choose 1 EA for FREE! (limited to 2 trading account numbers) Offerta Combo Ultimate     ->     clicca qui UNISCITI AL GRUPPO PUBBLICO:   Clicca qui   LIVE SIGNAL INDICEMENT   mette a frutto i miei 15 anni di esperienza nella creazione di algoritmi di trading professionali per i mercati degli indici. L'EA utilizza un algori
Way To Stars MT4
Wei Tu
5 (8)
Experts
Il modo per ottenere le stelle è un EA in scala notturna appositamente progettato per commerciare in periodi di bassa volatilità del mercato per sfruttare le opportunità a basso rischio. Questa notte scalping EA si concentra sulla cattura di piccoli movimenti di prezzo per frequenti negoziazioni, accumulando così profitti nel tempo. Per limitare le perdite potenziali per negoziazione, essa ricorre a rigorose misure di arresto per garantire un’efficace gestione del rischio. Il modo per arrivare a
AI NoX EA MT4
Denis Kurnev
5 (1)
Experts
AI NoX EA is an innovative Forex expert advisor that combines advanced neural networks technologies with high-volume trading and   Matrix factorisation .The advisor uses complex algorithms to decompose large sets of market data, uncovering hidden patterns and correlations between various financial instruments. Details about Advisor Development Configuring the Advisor The price of the advisor will increase significantly as I have allocated a specific number of copies. I will adjust the price as s
Miliron mt4
Nadiya Mirosh
Experts
The   Milioron   robot, developed for the Forex market, has significant flexibility and offers many mechanisms for maintaining a series of orders. It allows traders to automate and optimize their trading using built-in strategies and risk management approaches. Some of the main features and capabilities of the Milioron robot include: 1. **Flexibility of settings**: The robot provides traders with a wide range of parameters and settings that can be adapted to specific trading strategies and
NightVision EA
Alexander Kalinkin
4.11 (27)
Experts
NightVision EA  - is an automated Expert Advisor that uses night scalping trading during the closing of the American trading session. The EA uses a number of unique author's developments that have been successfully tested on real trading accounts. The EA can be used on most of the available trading instruments and is characterized by a small number of settings and easy installation. Live signal for NightVision EA:    https://www.mql5.com/en/signals/author/dvrk78 Ask me for   the   recommended FX
Dark Algo
Marco Solito
4.76 (54)
Experts
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 market trends .
Altri dall’autore
Open lock MT5
Sergey Likho
5 (4)
Experts
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
Exposure SYL
Sergey Likho
5 (12)
Utilità
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 (4)
Utilità
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
Metusha
Sergey Likho
5 (5)
Experts
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
Blizzard Adaptive
Sergey Likho
5 (1)
Indicatori
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
Experts
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:
Iurii Ogloblin
333
Iurii Ogloblin 2023.07.12 06:42 
 

Поставил советника на три счета с просадкой 10% с разными настройками на советнике. Через 4-5 месяцев советник довел просадку до 100% и слил депозиты. Это примитивный сеточник с функцией закрытия ордеров по кусочкам. Он даже сделки для входа не фильтрует не как. Перед покупкой просмотрел все видео которые есть. Столько рекламы и красивых заявлений. А по факту это полный хлам.

Roman Potekhin
577
Roman Potekhin 2022.10.23 18:48 
 

Отличный оветник. Автор дает рекомендации. Смотрите видео по настройке и все будет отлично!

asaens15
2126
asaens15 2022.09.12 13:21 
 

It has its pros & cons. A professional programmer would keep documentation updated.

Larry E Liddiard
693
Larry E Liddiard 2022.05.31 10:14 
 

Good EA. Outdated documentation...

Sergey Likho
10644
Risposta dello sviluppatore Sergey Likho 2022.05.31 13:58
OL is 5 years old, a few months it was on the 1st line of the mql5 market by popularity, more than 3,000 users, 5 years of development and 39 updates, dozens of hours of videos on YouTube and dozens of chat rooms on telegram with support. You bought the OL yesterday, did not read the instructions and have already given it one star. Did you really use it?
ptbao92
375
ptbao92 2022.04.25 19:58 
 

L'utente non ha lasciato alcun commento sulla valutazione.

Sergei Schaste
805
Sergei Schaste 2022.03.28 18:47 
 

Waste of time or your deposits..

Alisa1997
61
Alisa1997 2021.11.28 11:26 
 

Давно искал что то подобное, Сргею спасибо!!!

Martin Vovk
314
Martin Vovk 2021.11.17 19:14 
 

Very profitable EA! Great Author, great support ! Sergey, thank you very mutch!

Sergey Komarovsky
391
Sergey Komarovsky 2021.07.01 04:07 
 

Сова отличная, особенно если с умом её использовать! С её использованием 18 счетов вернулись к жизни ещё 73 в работе. В своей работе использую по 4 (6) экземпляра ОЛа на один инструмент с разными настройками для разных меджиков и для разных направлений (не использую его дефолтное применение в обе стороны одновременно). Сергею отдельное спасибо за постоянную работу над ОЛом, за внесение необходимого дополнительного функционала. Жду с нетерпением закрытие не в $, а в пунктах + альтернативные варианты закрытия (N крайних ордеров + целевой просаженный объём). Друзья, если у кого возникают сложности с настройкой - обращайтесь в чат разработчика - всегда подскажем.

Wohammad Subhi Hassan Abdel Nabi
187
Wohammad Subhi Hassan Abdel Nabi 2021.06.05 21:41 
 

L'utente non ha lasciato alcun commento sulla valutazione.

Zolomon
184
Zolomon 2021.05.02 21:39 
 

hello, i hope you make the EA open a new order after closing the first one to start a new round Thanks

Bakir68
19
Bakir68 2021.02.18 12:19 
 

Ge ge huuuuuu!

red1983
1087
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
350
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
722
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 !!!

vladimir9010
607
vladimir9010 2020.02.15 16:29 
 

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

Saya pann
1001
Saya pann 2019.12.05 09:35 
 

Very promising Recovery EA and support from vendor is excellent.

Lev Vladimirovic Marushkin
1696
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!!

Felix Scholten
288
Felix Scholten 2019.01.30 18:08 
 

Great support and tool!

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.

123
Rispondi alla recensione
Versione 5.40 2024.06.11
-Changed coefficients of astomatic calculation of parameters taking into account the current market situation
-The speed of work has been increased
-General optimisation for the latest version of the terminal
Versione 5.39 2021.10.29
+ automatic calculation of parameters is updated and works at any drawdown
+ highlighting of orders being worked with has been added
+ added display of deals information in the right corner
+ accelerated work and loading of the Expert Advisor, added status indicator in the bottom corner
Versione 5.38 2021.09.23
-fixed graphic's
Versione 5.37 2021.09.22
-Add zero levels for all orders on account
-Add lots show in right corner
Versione 5.36 2021.09.03
-Added order highlighting
-Add important settings in right corner
Handy features if you use multiple copies of the Open Lock on one symbol
Versione 5.35 2021.06.08
-fix autostart when DD reached
Versione 5.34 2021.05.19
-speed optimization
Versione 5.33 2021.05.17
-speed optimization
Versione 5.32 2021.05.17
-add logging on init
Versione 5.31 2021.05.17
-Add separate EA settings for different magic numbers. (to run several copies of the EA on one symbol, to make complex grids )
Versione 5.30 2021.05.13
-speed optimization
Versione 5.29 2020.11.25
[v] Fixed future level calculations
Versione 5.28 2020.11.18
[v] - Fixed work with far from market price order
Versione 5.27 2020.11.09
[+] Add start work after symbol dd in percent
[v] Fix trall work
Versione 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
Versione 5.25 2020.10.02
[v] - speed optimize
[v] - fix save settings
Versione 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.
Versione 5.23 2020.06.06
-fixed Trend protect
Versione 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
Versione 5.19 2020.03.14
-Now removing SL and TP with hight speed
-Interface fixed
-Signal filtering inside one candle
Versione 5.18 2020.02.20
-Add open orders on new bar
-Fixed work with one order
Versione 5.17 2019.11.20
-Improvements in the function Simple Trend protect
-speed optimization
Versione 5.16 2019.11.07
-bug fixed
Versione 5.15 2019.11.01
-Partition lock.
-Trailing for profitable positions
-Working with other OL
-CPU load indicator (relevant for slow VPS)
Versione 5.11 2018.11.05
-improved compatibility with the OL panel
-bugs fixed
Versione 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)
Versione 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
Versione 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.
Versione 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.
Versione 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
Versione 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)
Versione 5.4 2017.09.13
- Fixed the EA's algorithm for trading in one direction
Versione 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
Versione 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)
Versione 5.1 2017.08.01
Changed the default parameters for testing as well as the color of price levels