Total Lock EA V2.7: A Powerful Risk Management Tool
Overview
The Total Lock EA V2.7 is an innovative trading robot available for M4. Unlike conventional stop losses, this EA employs a pending lock strategy to safeguard your capital. Here’s how it works:
- Lock Mechanism: Instead of a regular stop loss, the EA places a pending lock (a counter order) at a specified distance from the main position. If the price moves sharply against the trader, the lock becomes a market order, preventing further losses.
- Freezing Losses: When the lock activates, it freezes the loss at the same level. This means your losses won’t increase even during adverse price movements.
- Profit Potential: The main position remains intact, and once the lock closes, it can still generate profits. Each position has its own separate lock, and there’s no limit to the number of positions you can lock.
Key Parameters
- Initial Lock Distance: Set the initial locking level for each position in points.
- Initial Stop Loss of the Lock: Determine the initial stop-loss level for the lock when it transitions from pending to market order.
- Break Even: Anticipate closing the active lock when the price returns in the direction of the main position’s profit.
Implementation
- Minimum Deposit: The Total Lock EA V2.7 doesn’t impose a specific minimum deposit. However, it’s advisable to allocate sufficient capital to manage multiple positions effectively.
- Timeframe: The EA can be used across various timeframes, from short-term scalping to longer-term swing trading. Choose a timeframe that aligns with your trading strategy.
- Currency Pairs: The EA is versatile and can be applied to any currency pair. Consider the pairs you’re most comfortable trading and where you’ve observed favorable results.
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Download and Installation
You can download the Total Lock EA V2.7 from the official website: Follow these steps:
- Visit the download page https://www.fxcracked.org/product/total-lock-ea-v2-7/
Visit our website https://www.fxcracked.org/ for additional resources and insights.
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