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Lock Recovery MT4

What is Lock Recovery?

  • Lock Recovery is an advanced trading robot designed to manage and recover losing positions in Forex trading.
  • Unlike traditional stop-loss orders, Lock Recovery employs a counter order, freezing losses when the market moves against the trader.
  • It allows traders to maintain their primary positions without prematurely closing them, enhancing the potential for recovery once conditions improve. 🦸‍♂️

    • How Does Lock Recovery Work?

  • The robot sets a pending lock order at a specified distance, which becomes active if the price moves unfavorably.
  • This lock order limits losses as a stop-loss would, essentially freezing the loss instead of allowing it to grow.
  • When the price returns to the lock level, the robot can close the lock, helping to recover the funds from the drawdown. 💰

    • Key Features of Lock Recovery

  • Individual locking for each position: every trade can be secured independently, with no limit on the number of positions.
  • Manual Control: Traders can manually adjust lock distances and remove locks if necessary.
  • Multi-Directional Support: The robot works for both buy and sell positions, providing flexibility in various market conditions.
  • Break Even Functionality: This feature allows traders to recover breakeven when conditions are favorable.

    • Input Parameters

  • Language Settings: Choose between English and Russian for the robot's notifications.
  • Initial Lock Distance: Set the distance for initial locking relative to primary trades.
  • Magic Number: This identifier allows the robot to distinguish between the various trades it manages, crucial for effective functioning.
  • Risk Management Features: Includes settings for automatic stop losses and maximum trade limitations based on user's risk appetite.

    • Benefits of Using Lock Recovery

  • Increased Flexibility: The robot allows adjustments to strategies in reaction to market movements, affording traders additional control.
  • Potential Recovery of Lost Capital: By freezing losses and allowing price recovery, traders can significantly mitigate the impact of adverse movements.
  • Protection from Slippage: Unlike traditional stop losses, Lock Recovery minimizes exposure to downside risks during volatile market conditions. ⚙️

    • In a market where losses can feel like the end of the world, Lock Recovery MT4 steps in not as a hero but more like an overzealous security guard—you know, the type that stops you from exiting even when you have somewhere to be. But hey, at least it offers a chance to redeem lo ...

    Release Date: 21/02/2022

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