Total Lock EA V2.7: A Powerful Risk Management Tool for Traders

Introduction

The Total Lock EA V2.7 is an Expert Advisor (EA) designed for M4. Unlike traditional stop-loss orders, this robot introduces a unique approach to risk management by implementing a “lock” mechanism. Let’s dive into the details.

What Is Total Lock?

Version: 2.7
Updated: 19 December 2023
Activations: 10

How It Works

Locking Mechanism: Instead of a regular stop loss, the robot places a pending lock (a counter order) when the price moves sharply against the trader. This lock prevents losses from increasing further but freezes them at the current level.
Market Order Conversion: If the price continues to move against the trader, the lock becomes a market order. However, the loss remains capped at the initial level.
Position Preservation: The main trading position is preserved, and it will eventually generate profit once the lock closes.
Multiple Locks: Each position opened by the trader has its own separate lock. There’s no limit to the number of positions that can be locked.

Benefits

Capital Protection: Total Lock minimizes losses during adverse price movements.
Profit Potential: When the price moves favorably, the lock allows profit to grow.
Flexible Strategies: Compatible with various trading strategies.

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Conclusion

The Total Lock EA V2.7 offers a powerful risk management solution for traders. By using locks instead of traditional stop losses, it provides greater control over losses while preserving profit potential. Traders can use it alongside manual trading or as an addition to other robots.