Total Lock MT4

Overview of Total Lock MT4

• It is a trading robot designed for use with the MetaTrader 4 platform.
• The robot replaces traditional stop losses with a 'lock' mechanism, known as a pending counter order.
• This allows traders to protect their positions against sudden market movements, preventing losses from increasing.

Functionality of Total Lock

• The robot monitors price movements and places a lock when the market moves against the trader.
• The main position remains intact and can yield profits when the market turns in the trader's favor.
• Each position managed by the robot gets a separate lock, allowing for unlimited concurrent positions. 🚀

Comparison to Traditional Stop Loss

• Traditional stop losses can result in significant losses if triggered by market spikes.
• Total Lock keeps losses at bay by 'freezing' them, thus retaining the potential for the market to recover.
• This method can be considered superior for many trading strategies due to its flexibility and risk management. 🔒

Advantages of Using Total Lock

• Automated locking of positions reduces emotional stress for traders, ensuring a more disciplined trading approach.
• The robot can be utilized for manual trading positions, to enhance existing strategies.
• Its user-friendly settings allow traders to configure locking distances based on their strategies.

Key Settings and Parameters

• Initial lock distance: Defines how far the lock is placed relative to the main position.
• Break Even: Encourages closing the lock when the price moves back towards the main position’s profit zone.
• Unlock options: Traders can choose when or if to manually unlock positions, facilitating better control. 🎛️

User Feedback and Performance

• Total Lock has received positive reviews for its effectiveness in managing stops without emotional involvement.
• User testimonials highlight its capacity to reduce drawdowns and prevent account blowouts during market volatility.
• With a rating of 4.6, it reflects a high level of satisfaction among its users.