Lock balancer is used in manual trading to block losses at any price movement against the trader . Allows profits to grow as prices move in the right direction.
This robot is the development of the idea underlying the popular Adaptive Lock robot.
How it works
Instead of the traditional stop loss, the trader manually sets the initial lock line of this robot. The robot monitors the behavior of prices relative to this line. If the price goes against the trader, then the robot locks the position (or several positions) with a counter order, which limits the loss as a stop loss. But this is better than stop loss, as it allows you not to lose positions with any, even too large movements of the price in the direction of loss.
Timely closed lock allows you to return the lost capital during the subsequent return of the price to its original position, and also allows profit to grow when the price moves in the direction of profit. The robot provides all the functions of managing locks around the level set by the trader, ensuring minimization of losses when the price moves in the direction of loss, and itself opens up the possibility of profit growth when the price moves in the right direction.
The main parameters of
Language – the language of the messages of the robot (English / Russian);
Direction – direction of trade (BUY / SELL);
Market entry mode – market entry mode (Automatic entry if no orders – automatic entry if there are no orders / Manual entry – manual entry);
Lot – lot (only for automatic entry into the market);
Take profit of the main order – take profit of the main order, set in automatic mode, points (0 – without take profit);
Magic – order magic (only for entering the market in the “Automatic” mode, or for working with positions of another robot), 0 – we work with orders without magic (with manually set ones);
Timeframe for analysis of extremes – timeframe for analyzing extrema (not associated with the timeframe of the chart);
Lot multiplicity for the Lock – lot multiplicity for a lock.
We recommend for the correct trading of trusted ALPARI brokers , Forex4you, EXNESS
The robot can set the pending main order and the initial lock line itself (the “Automatic” market entry mode is selected) or wait for the trader to set the order or position manually (“Manual” mode). You can set several positions in one direction, and then turn on the robot.
Orders (positions) should not have stop-losses; instead of stop-losses, the robot will apply a common lock.
If the robot is used to insure manual positions, then you need to set Magic = 0, and set the mode to “Manual”.
If the robot is used to insure the positions established by another robot, then you need to set the Magic of these positions, and set the mode to “Manual”.
In the presence of market positions, the robot sets the delayed lock at the level specified by the line of the initial lock. If the price moves towards the loss, the lock will become a market one and will not allow the loss to grow. The price can go any distance in the direction of loss, but the loss will not increase. When the price returns to the initial lock level, the robot will close the market lock and establish a deferred safety lock, which will allow you to return funds from the drawdown and continue to make a profit when the price moves in the direction of profit. In case of price fluctuations around the established line of the initial lock, the robot moves the lock beyond the local extrema of the price chart near the line to reduce losses by a special algorithm.
The position of orders and the initial lock line can be adjusted manually at any stage of trading, depending on the strategy of the trader.
When you close all positions by take profit or manually, the robot will automatically close the lock.
The initial lock level should be set where, when manual trading, a stop loss would be set in accordance with the chosen strategy. However, to reduce locking losses, one should strive to choose a level where the probability of flat formation is small. If during the operation a flat is noticed at the level of the initial lock line, which leads to frequent lock triggering, it is advisable to move the line manually outside the flat border.
turnover provides two basic concepts:
1. The direction of trade. It is set by the “Direction” parameter. In this direction, you or any other your robot put trading positions. There may be many.
2. The direction of locking. This direction is the opposite of the direction of trade. In this direction, no one should place orders or positions. In this direction, only the “Lock balancer” robot should place a locking order if necessary. The robot always uses only one locking order.
2. We make no warranty of:
.Bug Free (because we are not the vendor, so we carry no liability/responsibity of any items
.All statements regarding the product are Vendor promises, not us…
.We shall not be held responsible of results caused by any item from our site.
3. NO share/reselling.
If we found out, we will ban your account and your IP without notice.
You will not get any updates of any item you buy.
4. No support and we do not promise any update.
5. Don’t dispute, if there any issue you should contact us nicely to resolve any Issue
All systems work as the developers designed them to work. But we are only vendors so we are not responsible for the performance or claims of the developers of these systems and we don’t provide money back guarantee or support with these products. Please do your due diligence so you know what you are purchasing, there are dozens of good forums and review sites on the internet that you can get unbiased info from? Also as some of the products were created to run on old MT4 versions only (v594 or below), while others will run on the new MT4 versions (v600 or above), it is your responsibility to choose the right system for your MT4 version. We are not responsible if you haven’t made your background check on the product and purchased something that is not compatible with your platform. Again: please do your due diligence so you know what you are purchasing, there are dozens of good forums and review sites on the internet that you can get unbiased info from.
THOSE SHOWN PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS ARE YOUR OWN RESPONSIBILITY. BY USING OUR PRODUCTS ON A LIVE ACCOUNT WITH REAL MONEY THE USER AGREES TO NOT HOLD THE PRODUCT DEVELOPER LIABLE FOR ANY TRADING DECISIONS MADE BY THE USER. THE DEVELOPER OF OUR PRODUCTS WILL NOT BE HELD LIABLE FOR ANY REAL MONEY LOSSES INCURRED THROUGH USE OF OUR PRODUCTS.