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Download Classic Lock MT5.ex5
Type:
Live
Leverage:
100
Deposit:
3251.6$
Balance:
3369.13$
Profit:
117.53$
Withdrawal:
0$
Update: 11 Nov 2024
[tg_block] [last_rev count=1 order="new"] [trading_result id=93044]
Profit:
117.53$
Traders:
175
(121/54)
Most Profit Trade:
20.3$
Most Loss Trade:
-51.3$
Profit Factor:
0.48
Average Loss:
-21.66$

Overview

Classic Lock MT5, a trend-trading software for Forex, offers a comprehensive trading system that utilizes a combination of various algorithms. These algorithms are designed for both initiating transactions and providing support throughout the trade. The core of this software lies in its breakout strategy, which aligns with market trends for effective trading.

Key Features: Versatility and Adaptability

This Forex trading tool is a master of versatility. It can trade on a wide array of instruments, from currency pairs to commodities such as gold and oil. Its ability to adapt to any type of Forex account โ€“ be it RAW/ECN, Standard, or Cent โ€“ enhances its accessibility for traders of different calibers.

Classic Lock MT5 thrives in volatile markets and can be attached to any timeframe. This is due to the inbuilt โ€œTimeFrame_for_Strategyโ€ parameter that adjusts the trading parameters according to the required timeframe.

Strategic Transaction Initiations

The software boasts a set of strategies for opening the first trade in a series of positions, controlled by the โ€œSelect_Enter_Signalโ€ parameter. For semi-automatic trading, traders can set the direction of the 1st transaction in line with the higher timeframe trends and the current political and economic situation.

This direction setting can be manipulated using either the EA parameters or the chart buttons labeled โ€œFirst BUYโ€ and โ€œFirst SELLโ€. To instantly commence a new series of positions, traders can use the โ€œFast 1st BUYโ€ or โ€œFast 1st SELLโ€ buttons on the chart.

Risk Management

Classic Lock MT5 offers different risk levels to cater to various trading styles. For aggressive trading, use 0.01/$1000-$1500. If you prefer medium risk, opt for 0.01/$3000, and for a conservative approach, go for 0.01/$5000-$10000.

Moreover, it offers the โ€œclose orders at the percentage of lossโ€ parameter to cap your losses. This is an essential feature for risk management, but it requires a good understanding to determine the most optimal value.

Usage Instructions

To use Classic Lock MT5, simply attach the adviser to the chart and load the necessary settings. If youโ€™re trading in semi-automatic mode, you need to set the most likely direction for the first trade (Buy or Sell).

FAQ

What is Classic Lock MT5?

Classic Lock MT5 is a Forex trading software that uses a combination of algorithms for initiating and supporting transactions. It utilizes a breakout strategy for trend-trading.

What instruments can Classic Lock MT5 trade on?

Classic Lock MT5 can trade on a wide variety of instruments, including currency pairs, gold, and oil.

What types of accounts are compatible with Classic Lock MT5?

Classic Lock MT5 can be used with any types of accounts: RAW/ECN, Standard, Cent.

For more insights on the product, independent testing of Classic Lock MT5 can be viewed on forexroboteasy.com, where users can also subscribe to updates on the testing results.

We invite users who have experience with Classic Lock MT5 to share their stories. Your insights are valuable to us and to other traders who are considering using this software.

Please note that this is an independent product review. The content is written in the third person and does not endorse or promote any product. It is intended to provide a neutral analysis based on the productโ€™s description and available information.

EASY Breakopedia Bot
Update: 11 Nov 2024
Trading Conditions by EASY Breakopedia Bot
Leverage:
100
Account type:
Demo
Profitable by EASY Breakopedia Bot
Profit:
3.73%
AVG Daily:
0$
Deposit:
10000$
WithDrawal:
0$
Current Balance:
10372.84$
Profit:
372.84$
Classic Lock MT5
Update: 11 Nov 2024
Trading Conditions by Classic Lock MT5
Leverage:
100
Account type:
Live
Profitable by Classic Lock MT5
Profit:
3.61%
AVG Daily:
0$
Deposit:
3251.6$
WithDrawal:
0$
Current Balance:
3369.13$
Profit:
117.53$
Classic Lock MT5 Review: Versatile Trend-Trading Forex Software

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