top of page
Open lock -[Worth $299]- For FREE Download

Open lock -[Worth $299]- For FREE Download

REQUIREMENTS
Platform: MT4;
Minimum deposit: $500;
Leverage: 1:300-1:500;
VPS hosting is recommended;
 
FILES
1 Expert Advisor file
1 Indicator
User Manual

  • Description

    Best Works:   EURUSD, GBPUSD, USDCAD, XAUUSD, EURAUD

     

    Recommended Pairs: Any

     

    Time Frame: M5 or M15 

     

    Broker: Anyone with good liquidity and five-digit instruments.

     

    Profitability: 30% – 200% Or Higher Monthly Return Approximately

     

    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.

     

    Methods used by the EA

    • Locking to prevent a drawdown increase
    • Averaging orders used to cover the loss
    • 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.

  • Advantages

    Dynamic displacement correction system;

    ✅ Every trade is protected by stoploss;
    ✅ High spread protection;
    ✅ Flexible settings;
    ✅ Money management system;
    ✅ Hidden tight stop order;
    ✅ Low drawdown;
    ✅ No martingale, no grid, no arbitrage;
    ✅ Each order is protected by Stop Loss;

  • 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.

  • How to use

    1. Step 1: Register with a reputable broker.
    2. Step 2: Download the Expert Advisor’s file.
    3. Step 3: Install the Expert Advisor to your MT4 platform
    4. Step 4: Run the  Expert Advisor on your demo account first
    5. Step 5: After profitable testing, go to your real account
    6. Step 6: Make profit

     

    Learn These 4 Pro Trading Tips to Use and See Immediate Results:

     

    Pro Trading Tip #1

    NEVER consider Forex as a path to get rich quickly.

    Always factor the risks and efforts that must be put into achieving such a goal.

     

    Pro Trading Tip #2

    Be careful with your Lots.

    You can make good money even with a small initial deposit and there is no need to open large positions to make decent profit.

     

    Pro Trading Tip #3

    No emotions allowed.

    A lot of newbie traders get caught up in the emotions and forget everything they’ve learned. I think by now you might already understand where this might lead.

     

    Pro Trading Tip #4

    Be consistent! Stick to your trading system and don’t add or remove anything.

     

    This will allow you to have a much better idea of what exactly is working and helping you win more trades. More importantly, a strategy of being consistent will help you understand where you are going wrong and what to fix.

  • Summary

    Download and become the owner of this very powerful trading tool. If you use this tool correctly, you can have successful trading results.

     

    Here are the key points to keep in mind when trading with this EXPERT ADVISOR:

    • We recommend trading on a demo account for at least a month.
    • If you are profitable after one month of demo trading, feel free to transition to a live account.
    • Use a reasonable risk factor. We recommend starting with 1-2 % risk on a live account to make sure you get comfortable with the EA. Once you understand the process and are comfortable with risking real money, feel free to move up to 5%.
    • Review the news calendar everyday, and disable the EA if you see red news events listed for the next trading day.

     

    We sincerely hope this Expert Advisor brings you closer to the goal you are hoping to achieve.

Related Products