Buy Total Lock MT4 - Support All position (Locking DD to PREVENT Margin Call)

Discussion in 'Expert advisors, trading robots, MT4 experts' started by renaissance909, 26 February 2023.

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  1. renaissance909

    renaissance909 Active Member

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    #1 renaissance909, 26 February 2023
    Last edited by a moderator: 18 April 2023
    Total Lock MT4
    V2.5

    Lock is a powerful tool for saving a trader's money. Instead of the traditional stop loss, you can now use this robot. The robot will place a pending lock — a counter order. When the price moves sharply against the trader, the lock becomes a market one, and therefore the loss does not increase, but freezes at the same level. The main position is saved and will bring profit as soon as the lock closes. Each position is locked by a separate lock. The number of positions is not limited.

    The robot can be used to insure positions in manual trading, or as an addition to another robot.

    General principle of operation
    Instead of the traditional stop loss, the trader uses this robot. The robot sets a lock - a counter pending order, which will become a market order if the price moves against the trader and will not allow losses. The lock is located at such a distance from the main position, where, in accordance with his strategy, the trader usually previously set a stop loss. Any trading strategies owned by the trader are allowed.

    The robot monitors the price behavior relative to the given locking level. If the price goes against the trader, then the robot locks the position 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 positions in case of any, even too large, price movements towards a loss. At the same time, the loss is frozen and does not grow, it can be returned.

    A timely closed lock allows you to return the lost capital during the subsequent return of the price to its original position, and also allows profit to grow when the price moves in the direction of profit. The robot provides all the locking control functions around the level set by the trader, minimizing losses when the price moves towards a loss, and itself opens up the possibility of profit growth when the price moves in the right direction.

    For each position opened by a trader, the robot sets a separate lock and accompanies it. There can be many positions, their number is not limited. The lot of a lock is always equal to the lot of the corresponding position. When closing a position (by take profit, by stop loss or manually), the robot automatically closes the corresponding lock as well.


    Input parameters of the robot
    GENERAL SETTINGS:

    • Language — robot message language (English/Русский);
    • Direction — trade direction (BUY/SELL);
    • Magiс — position magic ( 0 — we work with positions set manually);
    • Mode of operation — robot working mode (Testing - testing in the strategy tester / Trading with manual main entry, or with the main robot - trading, when the main positions are set manually by the trader, or another robot is used to set the main positions);
    SETTINGS FOR THE TRADING MODE:
    • Initial lock distance — level of initial locking of each position, points;
    • Initial stop loss of the lock — initial stop-loss of the lock, points. It is set when the pending lock turns into a market lock ;
    • Break Even — anticipating the closing of the active lock when the price returns in the direction of the profit of the main position, points;
    • Activation for Break Even — level of activation of the break-even level, from the level of the locking line, points;
    SETTINGS FOR THE TESTING MODE:
    • Lot — lot only for the Testing operating mode;
    • Take profit of the main order — take profit of the main order for the Testing mode, points (0 — no take profit).
    Application features
    It is advisable to use the main positions without stop losses, instead of stop losses, the robot will open locks - counter orders. However, the use of stop losses for the main positions is not prohibited, but they should be placed much further from the positions than the Initial lock distance distance to the locks is set.

    When the robot is used to insure the main positions set manually, then Magic = 0 must be set.

    When the robot is used to insure the main positions set by another robot, then the Magic should be set to the same as that of the main robot.

    If there is a market position, the robot sets the corresponding pending lock at the level specified by the Initial lock distance parameter. When the price moves towards the loss, the lock will become a market one and will not allow the loss to grow. The price can go any distance towards the 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 a little earlier, namely at the Break Even point (this is the distance from the lock towards the loss), which will allow, when the price moves in the direction of profit, to return the funds from the drawdown and continue to make a profit. The Break Even level is activated when the price reaches the Activation for Break Even level in the locking direction.

    The location of orders, positions and locking parameters can be adjusted manually at any stage of trading, depending on the trader's strategy. The robot will apply the adjusted parameters to the locks immediately if there are no conflicts between the location of the locks relative to the current price of the trading instrument.

    Any main position can be closed at any moment of trading (manually by the trader, by take profit, by stop loss or for any other reason). After that, the robot will automatically find and close the lock corresponding to this position, regardless of the state of the lock at the current moment (it can be market or pending).

    The locking level should be chosen by the trader where a stop loss would be placed during manual trading in accordance with the chosen strategy. However, to reduce locking losses, one should strive to choose a level where the probability of flat formation is small. If during operation a flat is noticed at the level of the lock line, which leads to frequent triggering of the lock, it is advisable to adjust the Initial lock distance parameter so that the lock moves beyond the border of the flat.


    dll msimg32


     
  2. renaissance909

    renaissance909 Active Member

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  3. FinleyMonkey

    FinleyMonkey Member

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    what's the difference between his lock balancer and this one?
     
  4. renaissance909

    renaissance909 Active Member

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    This support averaging with layering, lock balancer calculating total lot
     
  5. luceight

    luceight Active Member

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    Seems like is the same as AW Recovery or Open Lock
     
  6. luceight

    luceight Active Member

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    Besides the author of this EA could just release another version of Lock Balancer, not totally new tool with different name which doesn't have big differences comparing to Lock Balancer
     
  7. renaissance909

    renaissance909 Active Member

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    well decision is in your hand
     
  8. luceight

    luceight Active Member

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    Lock balancer itself supposed to do all the job, supposed to be that amazing tool and now what ?... another even more amazing tool ?
     
  9. renaissance909

    renaissance909 Active Member

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    lock balancer is made for one shot or all execution bellow all stop loss in the same price. But with this can support averaging / martiangle position for each. I tought you use lock balancer and see that tools work, but if you see this tools it's work differently. And of course can be match it with another logic EA
     
  10. luceight

    luceight Active Member

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    Then this tool is basically designed for different type of locking for different EAs. It would be good to have version for MT5 then we could play around with locking when it comes to using Deriv for example
     
  11. renaissance909

    renaissance909 Active Member

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    don't trade in deriv unless you like to gambling
     
  12. FinleyMonkey

    FinleyMonkey Member

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    cool, this is still a powerful tool in the right hands. kind of the same with LB but with slight differences.


    I used to play around with this in an ea that I made. But instead of setting initial lock distance. it just get the market order info.

    1. it calculates the stoploss distance of the manual market order
    2. create an opposite order
    3. removes the stoploss of #1
    4. close order at #2 if price moves back.
    5. loops

    Never improved it tho.
     
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  13. luceight

    luceight Active Member

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    Why ? with Total Lock on MT5 even trading on Deriv would be safe
     
  14. renaissance909

    renaissance909 Active Member

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    Never improved it or doesn't meet your needs? That difference really close
     
  15. FinleyMonkey

    FinleyMonkey Member

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    both :D i was trying to optimize it for Pow Banker EA that time. I can't make it to work properly and then lost time to continue working on it.
     
  16. FinleyMonkey

    FinleyMonkey Member

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  17. Bakhtiyor

    Bakhtiyor New Member

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  18. moffaz

    moffaz New Member

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    Does this workk for layering limit order? I already have Lock Balancer, it can only open one sell/buy stop if the first buy/sell limit triggered. The rest below/above limits will not be protected by Lock Balancer.
     
  19. renaissance909

    renaissance909 Active Member

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    yes, support martingle
     
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  20. mr.maldip

    mr.maldip Active Member

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