Total Lock EA V2.7 for MT4: A Smart Risk Management Solution
Introduction
The Total Lock EA V2.7 is a powerful tool designed to safeguard traders’ capital. Unlike traditional stop-loss orders, this robot introduces a novel approach by implementing a “lock” mechanism. Let’s delve into the details.
Key Features
- 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.
- 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.
Unique Insights
- Smart News Feature: The EA allows traders to remove opened or pending orders within a specified time window before high/medium/low impact news events. Stay informed and adjust your positions accordingly.
- Stealth & Decoy Stop Loss: Hide your stop loss and profit target from your broker if you suspect manipulation. The decoy stop loss adds extra pips to mislead the broker.
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Conclusion
The Total Lock EA V2.7 for MT4 offers enhanced risk management capabilities. By using locks instead of traditional stop losses, it provides greater control over losses while preserving profit potential. Traders can integrate it seamlessly into their trading strategies.
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