At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase

Positive Lock Orders

Find the Right Edition That Fits You
Scalperology Ai MT5
Global
Pairs: 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: 37.39%
7-Day Profit: 37.39%
Support: 24х7 via Telegram
Try it Free🍀
Breakopedia Ai MT5
Global
Pairs: 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: 0%
7-Day Profit: 0%
Support: Developer
Try it Free🍀

Understanding Positive Lock Orders

  • Positive Lock Orders are a technique that helps in managing open positions efficiently by locking profits and minimizing potential losses.
  • Instead of using traditional stop losses, traders employ robots to set a locking mechanism that controls the exposure to losses.
  • This method allows traders to maintain their main positions while creating a safety net when market movements go against them. 🚀

    • Mechanism of Operation

  • A pending lock order is placed, serving as a counter order that activates when the price moves sharply against the trader.
  • This lock essentially freezes the loss at a certain level, preventing it from increasing further.
  • When the market returns to a more favorable position, the robot can close the lock at a breakeven point, enabling the trader to recover lost capital. 💰

    • Benefits of Using Positive Lock Orders

  • The main benefit includes the ability to avoid being kicked out of positions too early due to a standard stop loss.
  • This creates an opportunity for profits to continue accumulating while protecting against significant downturns.
  • The trader has full control over the locking mechanisms and can modify parameters based on market conditions.

    • Technical Settings

  • Key parameters include the initial lock distance, break-even settings, and activation levels for breakeven positions.
  • Traders must also set the direction of operations, whether it's buy or sell, and how the robot will manage these positions actively while monitoring market trends.
  • Adjustable settings allow the locking mechanism to adapt to price actions dynamically, effectively managing the exposure in live trading scenarios.

    • Case Studies

  • Traders using Positive Lock Orders have shared success stories highlighting significant returns during volatile market conditions.
  • Robots like "Lock" and "SafetyLock" have gained popularity for their reliability in managing these lock orders effectively.
  • For instance, using the "VR Locker" EA, traders noticed how the expert advisor optimizes the distance between locked positions, thereby unlocking profits gradually. 📈
    • Loc
    MT4 Expert Advisor MT4

    Easy Rating: 5/1

    MQL Rating: 5/1

    Forex Trading Trading Bots

    Welcome to the wild world of Forex trading, where you might just find that magic indicator… or not! With the 'Loc' system, developed by none other than Salavat Yulamanov, you're told you can achieve consistent profitability by embracing the fascinating world of Positive Lock Or ...

    Release Date: 01/06/2024

    Login / Registration
    Login / Registration

    Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.