At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase
-
- Trading Robots
- Classic Lock MT4
Classic Lock MT4
Find the Right Edition That Fits You
Scalperology Ai MT5
Get EA🏆
Global
Pairs:
AUD/JPY
AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
30-Day Profit:
144.9%
7-Day Profit:
144.9%
Support:
24х7 via Telegram
Breakopedia Ai MT5
Free .ex5 EA 🎁
Global
Pairs:
AUD/JPY
AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit:
45.34%
7-Day Profit:
38.65%
Support:
Developer
What is Classic Lock
Classic Lock is a trading system designed for MetaTrader 4 (MT4) that integrates several algorithms for executing and managing trades. It operates primarily on the principles of averaging and hedging, essentially functioning as a breakout strategy aligned with market trends. This versatile system can be applied to various instruments such as gold, oil, and currency pairs, making it suitable for dynamic market conditions. 🎢How It Works
Classic Lock employs a counter order, also known as a "lock", which acts as a safeguard against price movements that go against a trader's position. Here’s how it operates:- The trader sets a lock on an initial price point.
- If the market price moves against the trader’s position, the lock becomes an active market order, freezing potential losses.
- This allows the main position to remain intact, with the possibility of turning profitable when the price reverses in favor.
Key Features
Classic Lock is equipped with several notable features that make it user-friendly and effective:- Compatibility with any trading timeframe, allowing flexibility in strategy application.
- Adaptable to various account types including RAW/ECN and Standard accounts.
- Offers options for semi-automatic trading, where the first order direction can be set based on higher timeframe trends.
- Users can initiate transactions quickly through dedicated buttons on the chart for Buy or Sell actions.
Settings and Parameters
There are numerous settings that can be adjusted within the Classic Lock system to align with a trader's strategic preferences:- Initial Lock Distance: Dictates how far from the main position the lock is initially set.
- Break Even Activation: Determines when to trigger a break-even point to prevent losses.
- Magic Number: Helps in managing multiple positions by associating specific identifiers to trades.
Advantages Over Traditional Stop Loss
Classic Lock provides substantial advantages compared to traditional stop-loss mechanisms:- Locks allow potential recovery of lost capital when prices revert to a favorable level.
- Offers greater control over trades during fluctuating market conditions, minimizing emotional stress.
- It enables more flexible and strategic trading without the immediate fear of automatic losses.
User Feedback
Traders who have utilized the Classic Lock system appreciate its effective handling of adverse market conditions. User experiences highlight:- The intuitive setup process, making it accessible for both novice and experienced traders.
- The ability to execute trades without frequent interference, allowing for a more relaxed trading experience.
- Success in maintaining profitable positions even during volatile market swings.