Total Lock MT4 v2.8 (Official version) – GroupBuy
Original price was: $300.00.$80.00Current price is: $80.00.
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Total Lock MT4 is an automated and optimized trading robot with currency pairs. Real performance has been verified under real conditions.
Frequently bought together
Frequently bought together
What is Total Lock MT4?
Total Lock MT4 is a powerful trading tool designed to protect traders’ capital by implementing a unique locking mechanism instead of traditional stop-loss orders. This Expert advisor (EA), or trading robot, places a pending counter-order, known as a “lock,” which activates as a market order when the price moves significantly against the trader’s position.
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About the author
This product is compiled by Vadim Zotov. This author has more than +9 years of experience working on MQL5 with many famous products such as Total Lock MT4, Gap Professional EA and other advisors. Among them, Total Lock MT4 is his best performing product.
Total Lock MT4 Overview
Key Features & Benefits
- Loss Limitation: Freezes losses at a predefined level, preventing significant capital erosion during sharp market reversals.
- Position Preservation: Unlike stop-loss orders, Total Lock MT4 keeps the main position open, allowing for potential recovery and profit.
- Flexible Strategy Integration: Works seamlessly with various trading strategies, giving traders the freedom to apply their preferred methods.
- Automated Locking: Automatically places and manages lock orders for each open position, simplifying the trading process.
- Manual Control Options: Offers options for partially or fully manual lock removal, providing flexibility for specific trading scenarios.
- No Position Limit: Can protect an unlimited number of open positions simultaneously.
- EA Compatibility: Can be used to protect positions opened manually or by other expert advisors.
Total Lock MT4 Review
Total Lock MT4 sets a pending lock order at a distance determined by the trader’s strategy, mirroring where a Stop-loss (SL) would typically be placed. The EA continuously monitors price movements relative to this lock level. If the price moves against the trader, the pending lock order instantly becomes a market order, effectively limiting further losses, much like a stop-loss.
However, unlike a stop-loss, Total Lock EA doesn’t close the main position. This is crucial because it allows the trader to potentially recover losses and even profit when the price eventually moves back in their favor.
Total Lock EA MT4 Review
Total Lock MT4 Reviews
User Reviews and Feedback
Total Lock MT4 demonstrates remarkable potential in delivering stable and reliable profits, making it a reliable tool in the forex market. Total Lock EA is highly regarded by the MQL5 community in many aspects and has gained the trust of its users.
- Eugen Petica (2024.10.03): “Very good purchase ! Also Dr Vadim is very open minded and you can cooperate very well with him. I am glad that I have meet such a great guy and for sure we will cooperate in the future.”
- Elite Louis (2023.03.14): “I am very happy on the purchase, Dr Vadim is a genius, he is very talented, creative and innovative on his Lock Robot, his Total Lock works amazingly, and is very effective to protect trade, reduce drawdown, reduce loss and increase profit, Author is also very supportive, patience to explain how it works, Best Buy for 2023! Big Thank you to Dr Vadim I have bought both MT4 and MT5 to Thank you for the wonderful amazing Total Lock and to Thank you for your patience to explain, Please continue to improve and innovate, love your Lock Robot very much.”
Total Lock MT4 Review
Using Total Lock MT4 Effectively?
- Stop-Loss Alternatives: Ideally, main positions should be opened without stop-loss orders, as the EA’s locking mechanism serves this purpose. If stop-losses are used, they should be placed significantly further than the Initial Lock Distance.
- Magic Number Configuration: Set Magic Number to 0 for manually opened positions. Match the Magic Number to the EA that opens the main positions when using Total Lock MT4 in conjunction with other EAs.
- Lock Level Selection: Choose the lock level strategically, mirroring where a stop-loss would typically be placed. Avoid areas prone to market “flat” or consolidation to minimize frequent lock activations.
Recommended Settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 5 (MT5) |
| Time frames | Any |
| Currency pairs | Any |
| Minimum / Recommended deposit | $100 |
| Product type | NoDLL / Fix |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, HTFX Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
>>> Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
- Experts: Total Lock MT4 v2.8.ex4
- Setting Guide.pdf
Conclusion
Total Lock MT4 provides a robust and innovative approach to risk management in Forex trading. By utilizing a locking mechanism instead of traditional stop-loss orders, it empowers traders to protect their capital while preserving the potential for profit recovery. The EA’s customizable parameters and manual control options make it a versatile tool suitable for a wide range of trading strategies and experience levels.
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User Reviews
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FAQs
1. What is Total Lock MT4 and how does it work?
Total Lock MT4 is an expert advisor (EA) designed to protect traders from excessive losses by using a locking mechanism instead of stop-loss orders. It automatically places a pending counter-order (lock) that activates if the price moves against the trader’s position, preventing further losses while keeping the original trade open.
2. How is Total Lock MT4 different from traditional stop-loss orders?
Unlike stop-loss orders that close a position at a certain level, Total Lock MT4 keeps the original trade open while limiting losses using a lock order. This allows traders to potentially recover losses if the price moves back in their favor.
3. Is Total Lock MT4 fully automated, or can I manually control the locks?
Total Lock MT4 is fully automated but also provides manual control options. Traders can remove or modify lock orders as needed to fit their trading strategies.
4. Can Total Lock MT4 be used with other trading strategies and expert advisors?
Yes, Total Lock MT4 is highly flexible and can be integrated with various trading strategies. It can also work alongside other expert advisors by matching the Magic Number to the main EA managing the trades.
5. Does Total Lock MT4 work on all currency pairs and timeframes?
Yes, the EA is designed to work on any currency pair and any timeframe, making it suitable for various trading styles, including scalping, day trading, and swing trading.
6. What is the minimum deposit required to use Total Lock MT4?
The recommended minimum deposit to use Total Lock MT4 effectively is $100. However, a higher deposit may be advisable for more significant positions or long-term trading strategies.
7. Can I use Total Lock MT4 on multiple positions at the same time?
Yes, the EA can manage and protect an unlimited number of open positions simultaneously, making it suitable for traders with multiple active trades.
8. What brokers and VPS services are recommended for using Total Lock MT4?
The recommended brokers for using Total Lock MT4 include Exness and HTFX Broker. For VPS services, MyfxVPS.com is suggested due to its low latency and free trial options.
Original price was: $300.00.$80.00Current price is: $80.00.
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