Open Lock EA v5.4 MT4 – Original Version (1430+)

Introducing The Expert Open Lock EA

Name: Open Lock 
Version: v5.4 new up date
The Right Platform: MetaTrade 4 (MT4)
Developer: Sergey Likho
Our YouTube: https://www.youtube.com/@EcomForex

What is Open Lock EA?

Open Lock EA is a specialized trading Expert Advisor (EA), tailored to function seamlessly with the MetaTrader 4 (MT4) platform. This EA is proficient in mitigating risks during trades and serves as a professional consultant, designed for ease of use by all traders.

• Vendor Website: Access now

Exceptional Features and Benefits of Open Lock EA

• Reduce losses : Split losing trades into smaller segments, closing each piece independently to curtail account losses.

Clever interaction

• Work together with other Expert Advisors (EAs).
• Automatically deactivate other EAs when the withdrawal level hits a specified threshold.
• Enables Open Lock to concentrate on executing its own commands.

Efficient approach

• Lock: Avert increased withdrawal levels.
• Average order: Offset lost trades.
• Partial Closing: Diminishes the burden on the trading account.
• Initiate an average order with small lots: Constrain margin requirements.
• Utilize profits from average orders: Close a portion of the losing position.

Adaptability

• Offers Multiple Configuration and Usage Options:
  • Select interface language.
  • Specify the initiation of operations.
  • Pick the activation method based on drawdown or commencement.
  • Set drawdown thresholds by currency.
  • Option to enable/disable the chart locking functionality.
  • Outline actions upon reaching the risk limit:
    • Take no action.
    • Lock and halt all positions.
    • Close and cease all positions.
  • Establish minimum equity levels by currency and percentage.
  • Restrict maximum lot size and quantity of averaging orders.
  • Define maximum distance between averaging orders.
• Two Parameter Setting Approaches:
  • Utilize the intuitive control panel.
  • Enter directly into the Expert Advisor’s inputs.

Performance of Open Lock EA MT4

• Video backtest Result

• Performance 

Suggested Configurations

What do you get After Downloading?

• Experts: Open Lock EA v5.4.ex4

♥WISH YOU A SUCCESSFUL TRANSACTION♥