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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
692
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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Aureus Quantum Surge-H1: sblocca il potenziale del trading automatizzato dell'oro Limited Time Offer: Special Offer: Current Price $799 (Limited Time)! Next price: $899 Segnale del conto reale: https://www.mql5.com/en/signals/2297864?source=Site +Profilo+Venditore Panoramica Aureus Quantum Surge-H1 è un consulente esperto all'avanguardia progettato per il trading di XAUUSD (Oro) nel periodo H1. Integra più indicatori tecnici con solide tecniche di gestione del rischio per fornire prestazion
Sequoia v4
Yvan Musatov
Experts
The Sequoia Expert Advisor is a professional market analyst working using a specialized algorithm. Based on the analysis of prices over a specific time interval, it reveals the strength and amplitude of prices using a unique indication system based on real data. When the strength of the trend and its direction changes, the expert closes the current position and opens a new one. The bot's algorithms include signals about overbought and oversold markets. A purchase occurs if the signal falls belo
Secret Impulse MT4
Eugen Funk
3.56 (18)
Experts
L'EA (Expert Advisor) apre una posizione quando il mercato inizia a muoversi durante la sessione di New York (volume più alto). In questo modo, il momentum viene mantenuto dal volume e possiamo raggiungere il Take Profit con alta probabilità in modo immediato. Segnale (292%, 10% DD):   https ://www .mql5 .com /en /signals /2274145 Entrata basata sul momentum durante la sessione di New York L'EA rileva l'impulso nascosto attraverso gli FVG (Fair Value Gaps) su timeframe inferiori. Quando l'impuls
Mansa Musa Flipping Robot
Allistair Kabelo Mandow
Experts
AFTER PURCHASE TEXT ME DIRECTLY FOR ASSISTANCE!!!! Manual & set files: contact me after purchase to receive the manual and set files Price: The price increases based on the number of licenses sold Available copies: 4 Manual & set files: contact me after purchase to receive the manual and set files Price: The price increases based on the number of licenses sold Available copies: 4 Trading gold, one of the most volatile instruments in the market, demands precision, in-depth ana
HFT Fast M1 Gold Scalper V8 EA
Martin Alejandro Bamonte
Experts
Cari trader, dopo aver rimosso volontariamente, alcuni mesi fa, il HFT FAST M1 GOLD SCAPER V6 EA e aver ricevuto centinaia di messaggi, ho ascoltato le due “fazioni”: chi mi chiedeva di domare la “bestia” e chi si è arrabbiato molto quando l’ho effettivamente limitata. Ho capito che entrambe avevano ragione, ma è impossibile accontentare diversi tipi di trader con stili e livelli di aggressività differenti. Dopo numerosi test con questo EA “bestiale”, ho concluso che l’ideale è lasciarlo operare
Gold ISIS MT4
Lo Thi Mai Loan
5 (2)
Experts
EA Gold Isis – Una soluzione sicura ed efficace per il trading dell'oro Offerta lancio Solo 1 copie rimaste al prezzo attuale!  Prezzo successivo: $598 Prezzo finale: $1998  SEGNALE LIVE Versione MT5 Ciao! Sono EA Gold Isis, il secondo EA della famiglia Diamond Forex Group, progettato specificamente per il trading dell'oro (XAU/USD). Con funzionalità eccezionali e un approccio focalizzato sulla sicurezza, prometto di offrire un'esperienza di trading dell'oro sostenibile ed efficace per i trad
DS Gold Robot MT4
Marzena Maria Szmit
4 (4)
Experts
Introducing the DS Gold Robot, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, DS Gold is a forex robot meticulously crafted to optimize your trading performance with  XAUUSD pairs . With its advanced analytical capabilities,  DS Gold  Robot   constantly monitors the gold market, identifying key trends , patterns, and price movements with lightning speed. The DS Gold Robot opens positions every day from
CoreX G MT4
Arseny Potyekhin
5 (7)
Experts
Panoramica Il CoreX G EA è un sistema di trading avanzato progettato specificamente per affrontare le complessità del mercato Forex. Sfruttando reti neurali all'avanguardia, tecnologie sofisticate di machine learning e una strategia integrata di big data, CoreX G offre una precisione e sicurezza eccezionali nel trading. Questo Expert Advisor (EA) si distingue per l'eccellenza tecnologica e il supporto clienti di alta qualità, garantendo che gli utenti ricevano sempre assistenza per qualsiasi do
AlphaFlow EA MT4
Dolores Martin Munoz
Experts
Alpha Flow EA: Porta il tuo trading a nuovi livelli Alpha Flow EA   è un consulente di trading all'avanguardia progettato per trasformare la tua esperienza di trading grazie a una precisione strategica, un'eccellente adattabilità e metodi avanzati di analisi del mercato. Sviluppato con algoritmi di trading proprietari e approfondimenti dettagliati sul mercato,   Alpha Flow EA   offre prestazioni eccezionali in diversi ambienti di trading, aiutandoti a rimanere sempre un passo avanti rispetto all
Stock Indexes EA MT4
Marzena Maria Szmit
5 (2)
Experts
Stock Indexes EA is a sophisticated trading robot meticulously engineered to capitalize on the dynamics of the US30 . This expert advisor employs advanced algorithms and technical indicators to analyze market trends, identify potential entry and exit points, and execute trades with precision. A news filter has also been added to the robot, which prevents it from opening a position during important economic news , minimizing the risk. In robot, you can also specify the days and hours when the EA
Friday Pro
Ming Ying Lee
5 (4)
Experts
Introducing Friday Pro, the ultimate Expert Advisor that empowers you to unlock the full potential of weekend markets. Break free from traditional methods that rely on risky martingale, grid, or scalp strategies with minimal gains and monumental stops. Friday Pro takes a new approach, originating from the wisdom of institutional floor traders, ensuring precise and consistent results. Now at $399 rate - 2 left at this price. Final price will be $799   Live Signal - https://www.mql5.com/en/signal
Goldbot One MT4
Profalgo Limited
5 (2)
Experts
PROMOZIONE DI LANCIO: Ne sono rimaste solo poche copie al prezzo attuale! Prezzo finale: 990$ NOVITÀ: acquista Goldbot One e scegli 1 EA gratis!! (per 2 account commerciali) UNISCITI AL GRUPPO PUBBLICO:   Clicca qui   Offerta Combo Ultimate     ->     clicca qui LIVE SIGNAL Vi presentiamo     Goldbot One   , un robot di trading altamente sofisticato progettato per il mercato dell'oro. Concentrandosi sul breakout trading, Goldbot One sfrutta sia i livelli di supporto che quelli di resistenza p
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 directed
FREE
Screen logger
Sergey Likho
4.4 (5)
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 recording
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 financial
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 be chang
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 Multic
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
692
Larry E Liddiard 2022.05.31 10:14 
 

Good EA. Outdated documentation...

Sergey Likho
10739
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
1092
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
1701
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