Open lock EA MT4 v5.4 (Platform build 1455+)

What is Open lock EA?

Open Lock EA is a specialized Expert Advisor (EA) designed to protect trading accounts by actively reducing drawdown. It manages losing positions through intelligent locking, averaging, and partial closure, adapting in real time to market pressure. With built-in risk controls and automation, it stabilizes equity, protects capital, and enhances long-term survivability.

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About the Author

This product is compiled by Sergey Likho. This Russia author has more than +11 years of experience working on MQL5 with many famous products such as Open lock EA MT4, Open lock MT5, Metusha MT4, Blizzard Adaptive MT4 and other products. Among them, Open lock EA is his best performing product.

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Key Features of Open lock EA for MT4

🔹 Drawdown Protection Engine: Activates automatically when loss reaches a defined level, preventing further equity damage.
🔹 Partial Loss Reduction: Splits losing trades into smaller parts, closing them gradually to ease pressure on the balance.
🔹 Averaging with Micro Lots: Opens recovery orders with minimal volume to avoid overloading margin and free equity.
🔹 Multi-EA Interaction: Can pause other Expert Advisors and take control when risk thresholds are reached.
🔹 Custom Risk Boundaries: Allows limits on lot size, order count, and distance between recovery positions.

Why Choose & Use Open Lock EA?

🔹 Built for Stability: Designed to smooth equity curves and prevent sudden account collapse.
🔹 Universal Risk Manager: Works alongside any trading system as a protective layer.
🔹 Adaptive to Market Stress: Reacts dynamically to drawdown instead of waiting for manual intervention.
🔹 Beginner & Pro Friendly: Simple control panel with deep customization suits all experience levels.
🔹 Marketplace-Ready Tool: Clear purpose, strong safety focus, and proven logic make it ideal for EA stores.

Open lock EA MT4 Review

The key feature of Open Lock is the ability to interact with other EA. This allows for dynamic risk management, as EAs can disable other trading systems when a pre-defined drawdown threshold is reached. This helps prevent further losses and ensures that Open Lock strategies are prioritized in volatile market conditions.

Open lock EA MT4 Review

Open lock EA Review

Open lock EA MT4 Reviews

Open lock MT4 Reviews

What is the Open Lock EA Trading Strategy?

🔹 Locking Logic: Freezes exposure when drawdown rises, stopping further losses from uncontrolled market movement.
🔹 Controlled Averaging: Uses small recovery orders to generate profit without adding heavy risk to the account.
🔹 Profit-to-Repair Method: Uses gains from averaging trades to partially close losing positions step by step.
🔹 Equity-Based Triggers: Activates actions based on currency or percentage drawdown for precise risk response.
🔹 Fail-Safe Actions: Can lock, close all trades, or stop trading entirely at critical equity levels.

Recommended settings

Recommended settings and parameters to pay attention to from developers and experts:

➡️ Reviewed by David Easton

Product Download Package?

The download package of the product suite includes:

✅ Experts: Open lock EA v5.4_fix.ex4

Conclusion

In short, Open Lock EA for MT4 is a professional risk-management solution built to protect trading accounts in all market conditions. By locking losses, averaging safely, and partially closing positions, it minimizes drawdown with precision. Its unique ability to coordinate with other EAs makes it ideal for traders who run multiple systems and want smarter, automated capital protection.