Open lock MT5 – Latest version | Group Buy

Introducing the Expert Open lock MT5

Name: Open lock MT5
Version: Latest version
Developer by: Sergey Likho
The Right Platform: Meta Trader 5 (MT5)
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• This product is Group Buy, Please read the instructions carefully

What is Open lock MT5?

Open Lock MT5 is a smart and adaptive Expert Advisor (EA) designed to mitigate drawdown and safeguard your trading capital during volatile or unfavorable market conditions. Whether deployed as a standalone risk management tool or integrated alongside other trading EAs, Open Lock provides a strategic layer of protection—helping you stabilize performance, minimize losses, and facilitate faster recovery after adverse trades.

• Official Website: See here

Key Features of Open Lock MT5

• Smart Drawdown Recovery Engine
  Reduces equity stress by splitting losing trades into smaller parts and gradually closing them—easing the burden on account margin while maintaining strategic control.
• Partial Close with Averaging Logic
  Combines partial closure and smart averaging to systematically reduce floating loss and recover positions without overexposing your account.
• Automated Locking System
  Automatically applies a locking mechanism once a predefined drawdown threshold is hit—preventing further losses while preparing the account for recovery.
• Built for Hedge Accounts
  Fully compatible with hedge account types, allowing the EA to manage simultaneous long and short positions across multiple trades with precision.
• Seamless EA Integration
  Open Lock can interact with other Expert Advisors—temporarily disabling them during high-risk scenarios and taking over losing trades for safe recovery management.

Advanced Functional Highlights

• Flexible Risk Response Settings
  Define how the EA behaves when risk limits are breached: continue trading, lock all positions, or close everything and halt operations.
• Magic Number Filtering
  Targets only trades with specific Magic Numbers, ensuring clean, non-intrusive operation when running alongside multiple EAs.
• Drawdown-Based Activation
  Open Lock can be set to activate only when a specific drawdown level is reached—ideal as a contingency system for protecting account equity.
• Dynamic Scaling Tools
  Supports adjustable lot and step multipliers, allowing intelligent scaling during averaging cycles for faster recovery without compounding unnecessary risk.
• Time-Controlled Operation
  Schedule specific trading hours or full-time monitoring based on your risk management strategy and market behavior.
• Selective Order Management Modes
  Choose between global loss recovery (across all open trades) or targeted repair of specific ticket numbers—offering precision and customization in execution.

Performance of Open lock MT5

Open Lock is designed to seamlessly integrate with other Expert Advisors, acting as a smart safety net when market conditions turn against you. Once a predefined drawdown threshold is reached, it can automatically disable other trading bots and take full control of the recovery process using its specialized risk-reduction algorithm.

It also functions perfectly as a dedicated drawdown management module for both manual trades and EA-generated trades. Simply assign a unique Magic Number, and Open Lock will monitor and manage those positions independently—stepping in only when needed to protect your capital.

Recommended Configuration for Open lock MT5

What do you get After Downloading?

• Installation Guide.docx
• Setting (If Any).docx

🤗WISH YOU SUCCESSFUL TRADING🤗