Total Lock MT4

Forex trading, also known as foreign exchange trading, involves the trading of different currencies on a global platform. With the advent of technology, forex trading has become more advanced, leading to the development of a variety of automated trading software and forex strategies. One such innovation is the Total Lock MT4, a forex robot designed to freeze losses and increase profit potential for traders.

A New Approach to Risk Management in Forex

Unlike traditional stop loss systems, Total Lock MT4 employs an innovative risk management approach. Instead of cutting off a trade when it starts to go south, this Forex Robot places what is known as a pending lock or a counter order. If the market moves against a trader’s position, the lock is activated, effectively freezing the loss at its current level. This ensures that the trader’s loss remains fixed and does not escalate even with negative price fluctuations.

Unlocking the Potential of Forex Market Analysis

Through an intuitive process, the Total Lock MT4 monitors the market relative to the set locking level. In the event the market trends against the trader, the robot swiftly activates the lock. This mechanism doesn’t just limit loss; it also boosts profit potential. As the lock is closed upon the market’s return to profitability, the trader can recover the lost capital and continue to generate profit. This unique approach to forex market analysis gives Total Lock MT4 a significant edge over traditional forex strategies.

Revolutionizing Forex Trading with Automated Trading

With Total Lock MT4, manual trading is significantly reduced. The robot sets a separate lock for each position opened by a trader. Regardless of the number of positions, each one is protected by its own lock, and the size of the lock is equivalent to the corresponding position. When a position is closed, whether it’s through a stop loss, take profit, or manually, the Total Lock MT4 robot automatically closes the corresponding lock as well.

Flexibility and Customization with Total Lock MT4

The Total Lock MT4 offers a high level of customization through its input parameters. Traders can choose the trade direction, set the initial lock distance, and even determine the initial stop loss of the lock. This freedom allows traders to adjust the robot’s operations to fit their preferred forex strategies. The robot can also be used in tandem with other forex robots, further enhancing its flexibility and increasing the potential for profit.

FAQs about Total Lock MT4

Can I use Total Lock MT4 to insure positions in manual trading?
Yes, the Total Lock MT4 can be used to insure positions in manual trading as well as an addition to another forex robot.

How does the lock work?
The robot places a pending lock or a counter order. If the market moves against your position, the lock is activated, effectively freezing your loss at its current level.

Can I adjust the parameters of the robot?
Yes, the Total Lock MT4 offers a high level of customization. You can adjust various parameters such as the trade direction, the initial lock distance, and the initial stop loss of the lock.

Where can I find independent testing of the Total Lock MT4?
You can find independent testing of this product on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.

We invite you to share your experience using the Total Lock MT4. Remember, this is an independent product review and we value your honest feedback. Happy trading!