BUY OPEN LOCK V5.40 (NO DLL)

OPEN LOCK V5.40 (NO DLL)

V5.40

Methods used by the EA

1. Locking to prevent a drawdown increase
2. Averaging orders used to cover the loss
3. Partial closure to reduce the load on deposit

Averaging orders are opened with a small lot so as not to load the deposit.

Profit of these orders is used to partially close the losing position.

Expert Advisor Parameters

• Language - interface language of the control panel
• Magic Number - unique identifier of averaging orders. It must not coincide with the magic numbers of other EAs
• Start work - when to start working
  • At startup - right after starting
  • By drawdown level - after reaching the drawdown level
• Drawdown in currency - drawdown value in the deposit currency(it must be specified in case 'By drawdown level' is selected)
• Stop another advisors - stop the operation of other experts in the terminal (works only when the drawdown level is reached)
  • Not use - disable this feature
  • Close chart with same symbol (for single currency advisor's) - close charts of the current symbol. Charts of other symbols will not be closed
  • Close all other charts (for multicurrency advisor's) - close other charts to disable the operation of other experts
• Action when the risk limit is reached - actions for critically low level of free margin (action is activated 30 seconds after the drawdown is reached)
  • Nothing
  • Locking all positions and stop
  • Сlose all position and stop
• Equity level in currency - equity level, below which the actions from the previous parameter are triggered (if 0, not used)
• Equity level in percent - drawdown percentage. If higher than 0, and Action when the risk limit is reached - None, the drawdown value will be displayed on the control panel
• Maximal lot in average ord (0-not used) - the maximum lot to be opened by the EA in an averaging order. If 0, the lot size is not limited
• Maximal number average ord in one direction (0-not used) - the maximum number of averaging orders in one direction
• Maximal step (0-not used) - the maximum step (in pips) that can be set between averaging orders. If 0, the step is not limited. This parameter is only used if the dynamic step is enabled
• Settings - how to set the EA parameters
  • Use control panel
  • Use expert inputs - parameters must be set in the EA inputs. This mode should be used when working with VPS by MetaQuotes

Testing
When you start the Expert Advisor, it opens a deal and then tries to close it with a profit.

To open additional market orders, you can use buttons on the control panel.