Total Lock EA V2.7: A Powerful Risk Management Tool
Overview
- Name: Total Lock EA V2.7
- Version: 2.7 (Updated: December 19, 2023)
- Activations: 10
- Telegram Channel: YoForexRobot
- Download Link: Total Lock EA V2.7
Strategy
- Instead of relying on conventional stop losses, the Total Lock EA V2.7 introduces a novel approach to risk management.
- When the price moves sharply against the trader, the EA places a pending lock (a counter order). If the price continues to move unfavorably, the lock becomes a market order, preventing further losses.
- The main position remains intact and can eventually yield profits once the lock closes.
- Each position is accompanied by a separate lock, and there is no limit to the number of positions.
Key Features
- Lock Mechanism:
- The EA sets a lock at a specific distance from the main position, where a trader would typically place a stop loss.
- Unlike a stop loss, the lock prevents losses without closing the position entirely.
- Losses are frozen at the same level, minimizing risk during adverse price movements.
- Profit Potential:
- A timely closed lock allows for capital recovery when the price returns to its original position.
- Profits can grow as the price moves in the desired direction.
- Flexible Strategies:
- Traders can use any strategy they prefer alongside the Total Lock EA V2.7.
- The robot adapts to the trader’s existing approach.
Recommended Settings
- 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).
- Break Even: Anticipate closing the active lock when the price reverses toward the main position’s profit (in points).
You can check more on –
Download Links
- Website: Total Lock EA V2.7 Download
- Telegram Channel: YoForexRobot Telegram
- Download the EA from our website: https://www.forexfactory.cc/
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