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  • Recensioni (6)
  • 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 6
Larry E Liddiard
693
Larry E Liddiard 2022.05.31 10:16 
 

Good EA. Outdated documentation...

luqide
232
luqide 2022.05.26 01:31 
 

非常好的EA，拯救了我的两个账户。

Leopoldo Licari
1995
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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Octotrader AI è un algoritmo complesso e innovativo che utilizza l'intelligenza artificiale in combinazione con l'analisi tecnica tradizionale per prevedere i movimenti del mercato. Dispone di una modalità di recupero rivoluzionaria che suddivide ogni ingresso in più operazioni più piccole e le chiude una per una con i profitti ottenuti da altre operazioni. Offre una strategia di trading dinamica che si adatta alla dimensione del tuo conto, integrando funzionalità all'avanguardia per il trading
Index Sniper Pro MT5
Sachin Gautam
5 (7)
Experts
Introducing  Index Sniper Pro EA . It is a Fully Automatic Index (US30) System trading early US Open. No  Martingale,  No  Grid , No Averaging ***********Upcoming Features*********** NAS100 Set File - WIP S&P500 Set File - Done and Testing Buy only and Sell only Settings - Released Individual TSL and SL settings for Buy and Sell Orders - Released Current Price: $349--> (Next price $499) Live signal: With Default Settings on US30 symbol https://www.mql5.com/en/signals/2255171 Features
CyBRG RX
Arseny Potyekhin
4.5 (10)
Experts
Presentazione di CyBRG RX: L'assistente di trading di nuova generazione Entra nel futuro del trading con CyBRG RX, il tuo compagno di trading all'avanguardia progettato per migliorare la tua esperienza di trading. Sfruttando la potenza delle reti neurali avanzate, CyBRG RX è progettato per analizzare e adattarsi alle condizioni di mercato in continua evoluzione con una precisione senza pari. Segnali:   Segnale dal vivo 1 Segnale dal vivo 2 Poiché questa strategia è così unica, voglio
Forever Star
Xian Qin Ceng
4.67 (3)
Experts
Forever star   EA   è un trattamento notturno per il cuoio capelluto diverso da New Way Scalper. È un complemento a New Way Scalper e può lavorare insieme per ottenere risultati migliori.   Per sempre     Star EA   viene utilizzato su 15M o H1 e può scambiare 15 o più coppie di valute. Ognuno è libero di costruire la migliore combinazione nella propria mente. Forever star EA è semplice da usare e ti consente di scambiare più coppie di valute utilizzando un solo grafico. Tutti i parametri sono g
Alins Crown
Herlina Sari
Experts
ONLY 1 COPIES OUT OF 10 LEFT AT $399! After that, the price will be raised to $499. Alins Crown EA is Fully Automated Expert Advisor specifically designed to run on the XAUUSD/GOLD pair. Alins Crown EA will trade based on analysis that uses the concept of following trends and making transactions in overbought or oversold zones. Trends In forex is defined as the general direction in which a currency pair's price is moving. Trends can be upward (bullish), downward (bearish), or sideways (ranging
The Gold Reaper MT5
Profalgo Limited
4.27 (73)
Experts
PUNTELLO AZIENDA PRONTO!   (   scarica SETFILE   ) PROMOZIONE LANCIO: Sono rimaste solo poche copie al prezzo attuale! Prezzo finale: 990$ Ottieni 1 EA gratis (per 2 account commerciali) -> contattami dopo l'acquisto Ultimate Combo Deal   ->   click here JOIN PUBLIC GROUP:   Click here New V2.2 Live Signal Old Live Signal Benvenuti al Mietitore d'Oro! Basato sul Goldtrade Pro di grande successo, questo EA è stato progettato per funzionare su più intervalli di tempo contemporaneamente e ha l
Boring Pips MT5
Thi Thu Ha Hoang
4.7 (27)
Experts
Ti sei mai chiesto perché la maggior parte degli esperti consulenti non è efficace nel trading reale, nonostante la loro perfetta performance nei backtest? La risposta più probabile è Over-fitting. Molti EA vengono creati per 'imparare' e adattarsi perfettamente ai dati storici disponibili, ma falliscono nel prevedere il futuro a causa di una mancanza di generalizzabilità nel modello costruito. Alcuni sviluppatori semplicemente non conoscono l'esistenza del Over-fitting, o ne sono a conoscenza
Apocalypse Gold
Xian Qin Ceng
5 (6)
Experts
A molte persone piace il trading XAUUSD e io non faccio eccezione. Dopo aver accumulato esperienza di trading e duro lavoro, ho creato questo Apocalypse XAU EA appositamente per il trading di tutte le varietà correlate a XAU, come XAUUSD/XAUEUR/XAUGBP/XAUCHF /XAUJPY/XAUAUD. Tuttavia, considerando che molte persone potrebbero non aver bisogno di scambiare tutte le coppie di valute XAU, ma solo XAUUSD, un EA entry-level diventa molto significativo. Quindi ho deciso di creare Apocalypse Gold, un EA
HeXon FX
Arseny Potyekhin
5 (1)
Experts
HeXon FX – La soluzione di trading leader per i trader Forex HeXon FX è un Expert Advisor (EA) altamente avanzato, progettato per operare con estrema precisione nei mercati valutari. Grazie all’utilizzo di strategie di trading all'avanguardia, HeXon FX offre una soluzione flessibile e stabile per il trading della coppia di valute EURUSD. Questo EA eccelle particolarmente nelle fasi di mercato volatili, adattandosi efficacemente alle diverse condizioni di mercato per generare profitti costanti,
Gold Scalper Trading MT5
Ho Tuan Thang
3.73 (26)
Experts
ONLY 3 COPIES OUT OF 10 LEFT AT $399! After that, the price will be raised to $499. - REAL SIGNAL: Default Setting:  https://www.mql5.com/en/signals/2251841 Gold Scalper Trading is an EA that uses a complex trading methodology that includes cross-market analysis to find scalpable entry points with XAUUSD, one of the market's wildest running pairs. EA uses stop loss for all orders, only 1 order and does not use any dangerous trading methods: No grid, no martingale,... Gold Scalper Trading is o
Diamond Ultimate MT5
Lo Thi Mai Loan
3.75 (8)
Experts
Benvenuto in Diamond Ultimate!!! BACKTEST GUIDE PROMOZIONE DI LANCIO: Rimangono solo poche copie al prezzo attuale! Prezzo finale: 4993,99 $ L'EA fornisce SEGNALI CLARI PER CONTI REALI. Scarica i file di configurazione Versione MT4 Diamond Ultimate combina algoritmi basati su diverse azioni di prezzo con 13 anni di esperienza di mercato per eseguire ordini e gestire il capitale. Tutte le operazioni hanno livelli chiari di stop loss e take profit. L'EA utilizza uno stop loss a inseguimento p
Diamond Titan FX
Lo Thi Mai Loan
4.33 (21)
Experts
Ciao, sono Diamond Titan FX. Questo EA è progettato specialmente per le coppie US30. L'EA non utilizza strategie rischiose come Martingale o Grid. Per impostazione predefinita, l'EA imposta uno SL fisso di 50 pips per ogni operazione, ma puoi cambiarlo se desideri. L'EA implementa anche uno trailing stop che blocca i profitti a partire da 10 pips, e puoi modificarlo. Dispone di una funzione di gestione del drawdown per l'intero conto. L'EA include un'opzione di filtro per le notizie se desideri
Aura Neuron MT5
Stanislav Tomilov
5 (3)
Experts
Aura Neuron è un Expert Advisor distintivo che continua la serie di sistemi di trading Aura. Sfruttando reti neurali avanzate e strategie di trading classiche all'avanguardia, Aura Neuron offre un approccio innovativo con eccellenti prestazioni potenziali. Completamente automatizzato, questo Expert Advisor è progettato per negoziare coppie di valute come EURUSD e XAUUSD (GOLD). Ha dimostrato una stabilità costante su queste coppie dal 1999 al 2023. Il sistema evita pericolose tecniche di gestio
Top Trend Plus
Xian Qin Ceng
5 (2)
Experts
Contattami dopo l'acquisto per ottenere le impostazioni corrette del set. Impostazioni errate possono portare a risultati errati. Nuovi prodotti sono sugli scaffali e le promozioni continuano. Per ogni copia venduta, il prezzo aumenta da $ 50 a $ 1.500! Top Trend Plus si basa su   Top   Trend, che rappresenta il 20%. Riunisce i miei altri eccellenti EA, aggiunge il supporto per le varietà XAUUSD, aggiunge quattro modalità di trading e aggiunge il modello Long Time e il modello Short Time Due
Indicement MT5
Profalgo Limited
4.17 (12)
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 algo
Altri dall’autore
Open lock
Sergey Likho
4.07 (43)
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 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
Exposure SYL
Sergey Likho
5 (13)
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:
Yuri
176
Yuri 2024.09.12 21:34 
 

L'utente non ha lasciato alcun commento sulla valutazione.

Larry E Liddiard
693
Larry E Liddiard 2022.05.31 10:16 
 

Good EA. Outdated documentation...

luqide
232
luqide 2022.05.26 01:31 
 

非常好的EA，拯救了我的两个账户。

Leopoldo Licari
1995
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
908
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