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Name: Total Lock
Version: v.28 New Version
Developer by: Vadim Zotov
The Right Platform: Meta Trader 4 (MT4)
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Total Lock MT4 is a cutting-edge trading tool designed to safeguard traders’ capital by employing a unique locking mechanism rather than traditional stop-loss orders. This Expert Advisor (EA), or trading robot, strategically places a pending counter-order called a “lock”.
When the market price moves significantly against the trader’s position, the lock automatically activates as a market order, effectively mitigating potential losses. This innovative approach provides enhanced capital protection while maintaining trading flexibility.
Loss Limitation:
Effectively caps potential losses at a predefined level, protecting your capital from sharp market reversals and unexpected drawdowns.
Position Preservation:
Unlike traditional stop-loss orders, Total Lock MT4 keeps the main position open, allowing for potential recovery and profit instead of closing trades prematurely.
Flexible Strategy Integration:
Easily adapts to various trading strategies, giving traders the freedom to incorporate their preferred methods without disrupting their approach.
Automated Locking System:
Automatically places and manages lock orders for every open position, streamlining the trading process and reducing manual effort.
Manual Control Options:
Offers flexibility with partial or full manual lock removal, giving traders the option to adjust locks according to specific market conditions or trading scenarios.
Unlimited Position Protection:
Capable of safeguarding an unlimited number of open positions simultaneously, ensuring comprehensive risk management.
EA Compatibility:
Works seamlessly with both manually opened positions and those initiated by other Expert Advisors (EAs), enhancing its versatility and usability.
Total Lock provides a smart, automated approach to capital protection, maintaining trade flexibility while minimizing risk. Ideal for traders looking to preserve positions and optimize recovery potential.
Total Lock MT4 sets a pending lock order at a distance defined by the trader’s strategy, strategically positioned where a Stop-Loss (SL) would typically be placed. The EA continuously monitors price movements relative to this lock level.
If the market moves against the trader’s position, the pending lock order instantly converts into a market order, effectively limiting further losses—similar to a traditional stop-loss mechanism.
However, unlike a standard stop-loss, Total Lock EA does not close the main position. This unique approach is crucial as it allows the trader to maintain the original trade, offering the opportunity to recover losses and even achieve profits if the price eventually rebounds in their favor.
By combining risk management with position preservation, Total Lock MT4 empowers traders to navigate volatile markets while keeping recovery potential intact.
Name | Fit |
---|---|
Trading platform | Meta Trader 4 (MT4) |
Time frames | Any |
Currency pairs | Any |
Min / Recommended deposit | $100 |
VPS | Optional, for uninterrupted advisor operation. |
🤗WISH YOU SUCCESSFUL TRADING🤗
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