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It is used in manual trading to block losses in any price movement against the trader. Allows profits to grow when the price moves in the right direction. Can lock one position or grid. Helping other robots to reduce the drawdown by locking.

Principle of operation

Instead of the traditional stop loss, the trader manually sets the initial locking line of this robot. The robot monitors the price behavior relative to this line. If the price goes against the trader, the robot locks the position (or several positions) with a counter order, which limits the loss as a stop loss. But this is better than a stop loss, as it allows you not to lose your position in any, even too large price movements in the direction of loss.

A timely lock allows you to return the lost capital when the price returns to its original position, and also allows the profit to grow when the price moves in the direction of profit. The robot provides all the functions of locking control around the level set by the trader, ensuring that losses are minimized when the price moves in the direction of loss, and it opens up the possibility of profit growth when the price moves in the right direction.

Basic parameters

  • Language – the language of the robot’s messages (English/Russian);
  • Direction – the direction of a trade (BUY/SELL);
  • Mode of operation-operation mode (Testing-testing in the strategy tester / Trading with manual main entry, or with the main robot-trading with manual main entry, or with the main robot);
  • Lot-lot (only for Testing mode);
  • Take profit of the main order-take profit of the main order for Testing mode, Fri (0-no take profit);
  • Magic of the main positions-magic of the main positions, (0-working with positions set manually);
  • Madis of the lock – magic lock (0-lock will be without magic);
  • Initial stop loss of the lock ‚Äď the initial stoploss of the lock, Fri. It is set at the moment when the deferred lock turns into a market lock;
  • Break Evenbreak-even point (anticipating the closing of the active lock when the price returns to the profit direction of the main position);
  • Activation for Break Even ‚Äď the point of activation of the break-even level, from the level of the initial locking line, pt;
  • Trailing the initial lock line-trailing the initial lock line, Fri, (0-trailing is disabled).

Features

The main positions should not have stop losses, instead of stop losses, the robot will apply a general lock.

If the robot is used to insure positions set manually, then you need to set Madic of the main positions = 0.

If the robot is used to insure the main positions set by another robot, then you need to set the Madis of the main positions to be the same as that of the main robot.

If there are market positions, the robot sets the pending lock at the level set by the initial lock line. When the price moves in the direction of a loss, the lock will become a market lock and will not allow the loss to grow. The price can go any distance in the direction of loss, but the loss will not increase. When the price returns to the level of the initial lock, the robot will close the market lock at the Break Even point, which will allow you to return funds from the drawdown and continue to make a profit when the price moves in the direction of profit. The Break Even level is activated when the price reaches the Activation for Break Even level in the locking direction.

The position of orders and the initial lock line can be adjusted manually at any stage of trading, depending on the trader’s strategy.

When closing all positions by take profit or manually, the robot will automatically close the lock.

The initial locking level should be set where a stop loss would be placed in manual trading according to the selected strategy. However, to reduce locking losses, you should try to choose a level where the probability of flat formation is small. If during operation a flat is noticed at the level of the initial locking line, which leads to frequent lock triggering, it is advisable to move the line manually beyond the flat border.

If you have any questions, please send me a private message. Always happy to help.

Read More...

Instead of the traditional stop loss, the trader manually sets the initial locking line of this robot. The robot monitors the price behavior relative to this line. If the price goes against the trader, the robot locks the position (or several positions) with a counter order, which limits the loss as a stop loss. But this is better than a stop loss, as it allows you not to lose your position in any, even too large price movements in the direction of loss.

A timely lock allows you to return the lost capital when the price returns to its original position, and also allows the profit to grow when the price moves in the direction of profit. The robot provides all the functions of locking control around the level set by the trader, ensuring that losses are minimized when the price moves in the direction of loss, and it opens up the possibility of profit growth when the price moves in the right direction.

  • Language – the language of the robot’s messages (English/Russian);
  • Direction – the direction of a trade (BUY/SELL);
  • Mode of operation-operation mode (Testing-testing in the strategy tester / Trading with manual main entry, or with the main robot-trading with manual main entry, or with the main robot);
  • Lot-lot (only for Testing mode);
  • Take profit of the main order-take profit of the main order for Testing mode, Fri (0-no take profit);
  • Magic of the main positions-magic of the main positions, (0-working with positions set manually);
  • Madis of the lock – magic lock (0-lock will be without magic);
  • Initial stop loss of the lock ‚Äď the initial stoploss of the lock, Fri. It is set at the moment when the deferred lock turns into a market lock;
  • Break Evenbreak-even point (anticipating the closing of the active lock when the price returns to the profit direction of the main position);
  • Activation for Break Even ‚Äď the point of activation of the break-even level, from the level of the initial locking line, pt;
  • Trailing the initial lock line-trailing the initial lock line, Fri, (0-trailing is disabled).

The main positions should not have stop losses, instead of stop losses, the robot will apply a general lock.

If the robot is used to insure positions set manually, then you need to set Madic of the main positions = 0.

If the robot is used to insure the main positions set by another robot, then you need to set the Madis of the main positions to be the same as that of the main robot.

If there are market positions, the robot sets the pending lock at the level set by the initial lock line. When the price moves in the direction of a loss, the lock will become a market lock and will not allow the loss to grow. The price can go any distance in the direction of loss, but the loss will not increase. When the price returns to the level of the initial lock, the robot will close the market lock at the Break Even point, which will allow you to return funds from the drawdown and continue to make a profit when the price moves in the direction of profit. The Break Even level is activated when the price reaches the Activation for Break Even level in the locking direction.

The position of orders and the initial lock line can be adjusted manually at any stage of trading, depending on the trader’s strategy.

When closing all positions by take profit or manually, the robot will automatically close the lock.

The initial locking level should be set where a stop loss would be placed in manual trading according to the selected strategy. However, to reduce locking losses, you should try to choose a level where the probability of flat formation is small. If during operation a flat is noticed at the level of the initial locking line, which leads to frequent lock triggering, it is advisable to move the line manually beyond the flat border.

If you have any questions, please send me a private message. Always happy to help.

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Published

11 April 2019

Updated

19 July 2020

Current Version

3.1

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drnsf February 18, 2021 7:05 am
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One fantastic Vadim’s improvement and so i can’t realise why this kind of developers are working behind the scene without reviews???

Sergio Gustavo Rosarios February 18, 2021 7:04 am
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Wonderful EA, I actually have been evaluating it together with another EA that opens get and then sell jobs separately and performs perfectly, good job Vadim!\n\n We have been only missing the MT5 edition Make sure you!

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