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For those engaged in Forex trading, the Lock Profit EA is a tool that has grabbed attention. It comes with a new version featuring six optional indicators, including MA, RSI, CCI, MACD, Stochastic, and Parabolic SAR. This article aims to provide an independent review of this Forex trading tool, focusing on its features, strategies, and real results post its expiration in 2022.
Features of Lock Profit EA
The Lock Profit EA boasts a variety of features designed to enhance Forex trading. It offers both automatic and manual trade options, including buy, sell, trailing stop, close buy, close sell, close profit, and close all. It also provides a full panel of indicators such as SnR, Fibonacci, Currency strength, and trade panel. The tool also supports push notifications and emails, making it a comprehensive trading tool.
In addition, the Lock Profit EA supports local copy trading and comes with the STP ALLINONE EA, which combines all strategies into one EA. It also allows for hedging, martingale, and anti-martingale strategies. The tool can handle single and double orders, and offers stop loss and take profit options in money, percentage, or pips.
Forex Strategies and Profit
The Lock Profit EA is equipped with more than 15 strategies and multiple filters like MaxSpread, MaxLot, and money management. It is designed to go against trends, changing direction when a trend reverses to secure a profit. It can close all positions with a profit when orders are floating, and it also supports the use of hedging and Martingale strategies.
One of the key advantages of the Lock Profit EA is its ability to lock profit per day in money or percentage. Even when floating hundreds of PIPs, the tool can still yield a profit if the Target_lock_Profit is reached. It then closes all orders with Step_Lock_Profit and starts the order again.
Post-Expiration Trading Results
Despite its expiration on 12th December 2022, the Lock Profit EA continues to deliver results. It can be used in all currencies with a spread less than or equal to 50 pips or with a Maxspread setting greater than 50. It is recommended for use on the XAUUSD, EURUSD, and GBPUSD currencies.
For the best results, a forward test is suggested as the expert will restart lock profit if the server resets the profit history. The tool is suitable for brokers who provide free VPS with terms less than 5 lots per month.
How to Set Up the Lock Profit EA?
The Lock Profit EA comes with a variety of settings, including enabling or disabling various indicators like MA, RSI, CCI, MACD, Stochastic, Parabolic SAR, and hedging. It also allows users to set the MaxSpread, MaxLot, and Minimal Profit in money. Users can also adjust the Step_LockProfit_in_Money, Stoploss_in_Money, and Stoploss_in_% settings, among others.
What are the Risks Associated with the Lock Profit EA?
As with any Forex trading tool, the Lock Profit EA comes with its own risks. Forex trading is inherently risky and all risks rest on the trader. The Lock Profit EA is a forecasting tool and not a money robot. Therefore, it’s crucial for traders to use it wisely and understand its operation fully.
Independent testing of the Lock Profit EA can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product. We invite readers to share their experience of using this product.
Please note that this is an independent product review. The text is written in the third person and does not contain the words “our” or “my” product.
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From the onset, I was impressed by the software's user-friendly interface. It's easy to navigate and understand, even for someone who isn't tech-savvy. The software provides a comprehensive overview of the forex market, making it easy for me to keep track of market trends and make timely trades.One of the standout features of the "Lock Profit EA Promo" software is its ability to lock in profits. This feature has been a lifesaver on numerous occasions, allowing me to secure my earnings and minimize losses. It's a feature that sets this software apart from others in the market.The software's accuracy is another aspect worth mentioning. It provides precise data, which is crucial in forex trading. I've found that the software's predictions are often spot-on, which has helped me make profitable trades.The customer support provided by the "Lock Profit EA Promo" team is also commendable. They're always ready to assist and provide solutions to any issues that may arise. This level of customer service gives me confidence in the software and the team behind it.In conclusion, the "Lock Profit EA Promo" software is a valuable tool for any forex trader. It's reliable, accurate, and user-friendly. It's a software that doesn't just promise results, but delivers them. I'm still testing and exploring its features, but so far, it's been a rewarding experience. I would highly recommend it to both novice and experienced forex traders.