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Open Lock EA MT4 V5.4 (working Build 1420)

Name: Open Lock EA MT4 V5.4 | Download & review [Updated 2024]
Price: 24.99 USD
Availability: InStock

Original price was: $250.00.Current price is: $24.99.

The Open Lock EA is an Expert Advisor designed to mitigate drawdowns by locking and averaging losing trades. It splits losing trades into smaller parts, making it easier to close them incrementally and reduce account risk. The EA also integrates with other EAs, disabling them when certain drawdown thresholds are reached to ensure safety.

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Categories: FOREX ROBOT, MT4 EA

What is Open Lock EA?

Link: https://www.mql5.com/en/market/product/23675

Key Takeaways:

Purpose: Mitigates drawdown and manages losing trades.
Mechanism: Uses order locking, partial closures, and averaging.
Compatibility: Works with other Expert Advisors.
Customization: Highly customizable settings.
Usability: For traders with existing losing trades.

Key Features:

Drawdown Mitigation: Reduces account drawdown.
Order Locking: Prevents further losses.
Partial Closures: Reduces load on the deposit.
Averaging Orders: Covers losses with small lot orders.
Customizable Parameters: Tailors to different trading styles.
Risk Management: Stops other EAs during high drawdowns.

Open Lock EA Setting & Recommendations:

Platform: MT4
Currency Pairs: EURUSD & GBPUSD
TimeFrame: Not specified
Minimum Account Balance: Not specified
Preset: Default settings recommended
VPS: Recommended for 24/7 operation
Broker: Low spread, low slippage

Open Lock EA Setting

Open Lock EA Review:

The Open Lock EA effectively reduces drawdowns and manages risk by locking and averaging trades. Its integration with other EAs and customizable settings make it a versatile tool for traders. While initial setup is required, its performance in protecting investments and optimizing strategies is highly valued by users.

Open Lock EA MT4 Download:

Link download expert: Open Lock EA MT4 .ex4

Download link, Installation guide (if any) will be sent immediately via email after your purchase, or you can directly download it from the website, under the section: My account -> Download.

Payment:

Payment Options: PayPal, credit card, USDT TRC20, Binance Pay

Risk Warning:

Forex trading is highly risky and can lead to the total loss of your investment; use Forex EAs cautiously and they cannot replace your trading decisions.
Past performance is not a guarantee of future profits.
Always test EAs on a demo account before applying them to a live account.

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Refund Policy:

Trial Policy: Within the first 3 days of purchase, if you are not satisfied with the product or it does not meet your profit expectations, please provide a valid reason, and we will exchange it for another product of equal or lesser value as a replacement.
100% Refund: If the product encounters a technical error from the time you notify us and we confirm that it cannot be fixed, you will receive a 100% refund within 7 days from the date of notification.
Learn more about our refund policy on the Refund Policy page.

Shipping and Delivery:

The download link will be sent to your email as soon as the order is completed. (No physical products will be shipped to you.)

99% of products: Delivered within 1 minute after the order is confirmed.
1% of products: These are pre-order products, and the download link will be delivered within a few hours to a maximum of 12 hours, or as specified for each product.

Always cautious in trading:

Forex trading carries high risks, and EAs do not replace personal trading decisions.
Always thoroughly test tools on a demo account before using them on a live account.