Open lock MT5 (Latest version) – GroupBuy

Open Lock MT5 – Smart Drawdown Recovery for MetaTrader 5

Open Lock MT5 is an intelligent Expert Advisor (EA) designed to reduce drawdown and protect your trading account during adverse market conditions. Whether you use it as a standalone tool or in combination with other trading robots, Open Lock offers a powerful solution to minimize risk and recover from losses.

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About the Author

This product is compiled by Sergey Likho. This author has more than +10 years of experience working on MQL5 with many famous products such as Open lock MT5, Open lock MT4, Metusha EA MT4 and other advisors. Among them, Open lock MT5 is his best performing product.

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Key Features of Open Lock MT5

🔹Smart Drawdown Recovery System – Designed to reduce account drawdown by splitting losing positions into smaller parts and closing them gradually to ease deposit load.
🔹Partial Closure with Averaging Support – Utilizes partial closing and averaging orders to minimize drawdown and recover losses efficiently.
🔹Locking Mechanism – Automatically locks positions to prevent further losses when a defined drawdown level is reached.
🔹Hedge Account Compatibility – Built specifically for hedge account types, allowing multiple trades in both directions simultaneously.
🔹Integration with Other EAs – Can interact with other Expert Advisors—automatically disabling them when needed and taking control of losing trades for recovery.

Additional Features

🔹Flexible Risk Control Options – Configure how the EA reacts when risk limits are reached: do nothing, lock all trades, or close all positions and stop.
🔹Magic Number Filtering – Works only with orders matching a specified magic number, ensuring clean operation alongside other EAs.
🔹Drawdown-Triggered Activation – Option to activate the EA only after a drawdown level is reached, making it an ideal backup recovery tool.
🔹Dynamic Lot and Step Adjustments – Includes lot and step multipliers for intelligent scaling during averaging sequences.
🔹Time-Based Trading Controls – Define allowed trading hours, from full-time operation to scheduled intervals, for better risk management.
🔹Close Order Modes – Supports both global unprofitable order management and targeted recovery of specific tickets.

Open Lock MT5 Review

Open Lock can seamlessly work alongside other EAs. If a certain drawdown level is reached, it can disable other trading robots and take control of the recovery process using its specialized algorithm.

You can also use Open Lock as a drawdown management module for manual trades or EA trades by assigning a unique Magic Number.

Open lock EA MT5 Review

Open lock MT5 Reviews

Open lock MT5 Review

Why choose and use Open lock MT5?

🔹Maximize Recovery – Instead of accepting full losses, Open Lock proactively works to recover losing trades while preserving account health.
🔹Precision Risk Management – Set currency-based or percentage-based equity levels to trigger emergency actions, giving you complete control over worst-case scenarios.
🔹Peace of Mind for Multi-EA Traders – Seamlessly coexists with other trading systems, stepping in only when needed and ensuring no interference under normal conditions.
🔹Highly Customizable Setup – Whether you’re trading manually or using multiple bots, Open Lock can be tailored to fit your trading environment and strategy.
🔹Ideal for High-Risk Protection and Account Preservation – Especially suitable for proprietary account trading, funded challenges, or large capital preservation strategies.

User Reviews and Feedback

Open lock MT5 demonstrates remarkable potential in delivering stable and reliable profits, making it a reliable tool in the forex market. Open lock EA is highly regarded by the MQL5 community in many aspects and has gained the trust of its users.

🔹Larry E Liddiard (2022.05.31): “Good EA. Outdated documentation.”
🔹Luqide (2022.05.26): ” 非常好的EA，拯救了我的两个账户。”
🔹MARTIN AFAMEFUNA HILARY (2019.07.27): “This is the best EA ever.. I was backtesting it for over 4 months before purchase.. I found the settings that suit my trading goals. I target about 15% ROI monthly, which is very achievable with Drawdown not more than 10%, on EUR/USD.”
🔹Leopoldo Licari (2020.07.22): “Excellent EA with superfine logic. Using a medium risk setting, you can recover without much effort in a fairly acceptable time. In the latest updated version, a useful trailing function and another for protection from large directional movements have also arrived, further enriching the EA’s personalization. You have to know exactly what the EA is doing otherwise it cannot fully appreciate the logic of blocking and recovery.”

Trading Specifications

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:

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

Conclusion – Maximize Account Protection with Open Lock MT5

In short, Open Lock MT5 is a game-changing drawdown recovery expert advisor for MetaTrader 5, engineered to intelligently manage risk and safeguard your trading capital. With its advanced drawdown recovery system, dynamic lot scaling, and automated locking mechanism, Open Lock MT5 provides unmatched protection during volatile market conditions. Whether you’re using it as a standalone solution or integrating it with other EAs, this tool empowers traders to minimize losses and regain control over equity drawdowns with precision.