Open lock EA v5.4 MT4 (Work on version 1424+)

What is Open lock EA?

Open lock EA is a professional trading Expert advisor (EA), designed to be compatible with the Metatrader 4 (MT4) platform. EA has the ability to minimize risks during trading and is a professional advisor, easy to use for all traders.

• Vendor website: Click here

Open lock MT4 Overview

About the author

This product is compiled by Sergey Likho. This Russia author has more than +10 years of experience working on MQL5 with many famous products such as Open lock, Metusha MT4 and other products. Among them, Open lock EA is his best performing product.

• Join Our Channel Telegram

Open lock MT4 is developed by experts

Outstanding Features and Advantages of Open Lock EA

1. Minimize losses:

• Divide losing trades into small parts, close each part separately to limit account losses.

2. Smart interaction:

• Cooperate with other expert advisors.
• Automatically disable other EAs when withdrawal level reaches certain level.
• Allows Open Lock to focus on processing its own commands.

3. Effective method:

• Lock: Prevent increased withdrawal levels.
• Average order: Compensate for losing trades.
• Partial closing: Reduces the load on the trading account.
• Open an average order with small lots: Limit margin requirements.
• Use profit from average order: Close part of losing position.

4. Flexibility:

• Provides multiple setup and usage options:
  • Set interface language.
  • Determine when to start operation.
  • Choose activation method based on drawdown or startup.
  • Set drawdown level by currency.
  • Option to enable/disable chart locking feature.
  • Define actions when reaching the risk limit:
    • Take no action.
    • Lock and stop all positions.
    • Close and stop all positions.
  • Set minimum equity level by currency and percentage.
  • Limit maximum lot and number of averaging orders.
  • Set maximum step between averaging orders.
• Two parameter setting methods:
  • Use the intuitive control panel.
  • Enter directly into the expert advisor’s inputs.

Open lock EA MT4 Reviews

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

Recommended settings

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

>>> Reviewed by David Easton

What’s in the package?

• Experts: Open lock EA v5.4.ex4

>>> Join the Membership Now <<<