Expert Advisors and Indicators for MetaTrader 5

Here you will find many programs for the MetaTrader 5 trading platform, which save the trader from routine operations and help him concentrate only on the really important things

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MetaTrader 5

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Lock Recovery

145.00 USD102.95 USD

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MetaTrader 5


Lock Recovery is created with the aim of to recover a position that suffered a loss.

Lock Recovery is equipped with an algorithm for locking loss positions, Grid averaging for position loss recovery, 2 types of close partial by money and by percentage profit to reduce the drawdown load and margin used, and a trade panel that contains basic tools for locking, trailing, Open and close positions by simply pressing a button.

How to use Lock Recovery Properly & setfile: Click here | MT4 Version : Click here

Input Settings:
1. Manage Open Positions
+ Trade Buy: allow buy
+ Trade Sell: allow sell
+ Enable 1 minute OHLC modeling Algorithm :ea open and close positions follow the 1 minute ohlc price structure.

2. Manage pending orders
+ Delete trendline after opening a position: set false for continuous pending orders.

3. Manage Lot
+ Lot Type: Select lot type
+ Multiplier for Martingale 3: Multiplier lot coefficient
+ Max Lots per Trade

4. Manage GRID
+ Use GRID: manage GRID
+ Maxtrade: Max trade allowed

5. Buy Grid Parameters
+ Add grid averaging buy only in the direction of the trend: add grid if there is a buy signal
+ Buy Step (in pips): Distance to open the next long position
+ Expanding Step Coefficient Buy: coefficient multiplier

6. Sell Grid Parameter
+ Add grid averaging sell only in the direction of the trend: add grid if there is a sell signal
+ Sell Step (in pips): Distance to open the next short position
+ Expanding Step Coefficient Sell: coefficient multiplier

7. Change Step Parameters
+ Change Step: enable/disable change step
+ Lots to start changing step
+ Change Step to(in pips)
+ Expanding Step Coefficient: step multiplier coefficient for change step

8. Manage Virtual Stoploss, Takeprofit, Trailling & Break even
+ Use Virtual Stop Loss & Takeprofit: Virtual Stop Loss & takeprofit
+ Virtual Stop Loss (in pips): Stop loss in pips
+ Virtual Take Profit (in pips): Takeprofit in pips
+ Averaging Trailing, in pips: Trailing all in pips
+ Trailing Start (in pips): Trailing starts in pips
+ Trailling Size (in pips): Step trailing in pips
+ Use Break Even : Breakeven in pips
+ Break Even Start, in pips : Break even start
+ Break Even Step, in pips : Break even step

9. Manage Lock
+ Fill in Line Lock name : fill in line lock name
+ Select Lot Lock Method : Select lock method
+ No Split Lot
+ Split Lot Lock Into Minimum Lot Broker
+ Split Lot Lock Into X Part
+ If Split Lot Lock Into X Part, Fill in X Part

10. Manage Drawdown Reduction
+ Use Auto Close Partial, in money: Close Partial in money
+ Select Close Partial Method:
+ Close partial buy & sell: partial close by bringing 1 buy loss & 1 sell loss
+ Close partial buy / sell: partial close by bringing only 1 buy loss or 1 sell loss.
+ Close partial all: A combination of close partial buy & sell and close partial buy / sell.
+ Number of trade to activate partial close: Minimum amount of open positions to start applying partial close.
+ Minimum profit to close partial $: Minimum profit to do partial close, in money.
+ Use Auto Close Partial, in percentage: Close partial in percentage
+ Number of trade to activate partial close: Minimum amount of open positions to start applying partial close.
+ Percentage of profit to close partial%: Minimum profit to do partial close, in percentage.

11. Time Management
+ Use time control: restrictions on trading hours and days, this only applies to opening a new cycle. Timing use broker's server time.
+ Trade Start Time: Time to start trades
+ Trade End Time: The time the trading session ends

12. Autotrade Test
+ Test Auto trade : Use Auto Trade, this feature allows you to learn how Lock Recovery works in the backtester and at the same time can be used as an auto trade bot in real trade.
+ Add Grid Trend : allowing double open position if match the trend

13. Manage Others
+ Max Spread (in Pips): spread allowed
+ Coefficient (if Freeze=0 Or StopsLevels=0) : Fill in at least 1, only to anticipate volatile market conditions and the broker will increase freezelevel and stop level.
+ Magic number : EA identifies open positions based on this magic number. Fill in 0 (Zero) so that ea can recognize all positions opened manually or by other eas.

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RISK WARNING: is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.