Total Lock EA V2.7

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

1. 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.
2. 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.
3. 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 – 

yoforex.org

fxcracked.org

forexfactory.cc

yoforexea.com

mql5.software

Download Links

• Website: Total Lock EA V2.7 Download
• Telegram Channel: YoForexRobot Telegram
• Download the EA from our website: https://www.forexfactory.cc/

Happy trading!