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"Any sufficiently advanced technology is indistinguishable from magic." Arthur C. Clarke
Losing trades negatively affect the brain of the trader, especially if we are talking about the fragile psyche of the novice.
if you Can avoid the stress of drawdowns and losing positions? It is possible, using the technique of locking. However, it is quite challenging and requires certain skills to exit Loka.
this will help to cope powerful auxiliary Advisor Brainy Locker. It's simple: as soon as your account appears drawdown (due to manual transactions, or trading robot), the EA takes matters into her own hands and "solve" the problem.
the Hero of today's review Brainy Locker is a subsidiary of the adviser, removing the need to fix the damage, replacing the traditional foot lock (Lock). On the settings specified in the drawdown the robot will automatically open the opposite position, equal in volume to the open losing trades trader.
This technique only allows to "freeze minus", but the main value of the adviser Brainy Locker is a part of the algorithm is the sequential closure of "loca" at the expense of profits of the subsidiary transactions or bounces (returns) rates in the area of the "castle". The EA can be used as an additional instrument of risk management in any automated or manual trading system.
the Characteristics of the EA Locker Brainy
Platform: Metatrader 4
Advisor Version: 1.19
Currency pairs : any
Timeframe : any
Recommended brokers: Roboforex, Alpari, Exness
the Locking of deals on the Forex market
Lock or Lok (Lock) – a tactic common only in the Forex market, due to features of the trading platform Metatrader, which allows to simultaneously hold two opposite positions on the same instrument in particular a currency pair: for Example, a trader can first buy 1 lot EURUSD and then sell 1 lot, the terminal will display the financial result for both positions, while the such two operations on a different platform would lead to the closure of these positions.
When equal volumes of short and long negative result one order kompensiruet profit of another, it is considered that the loss taken in the "castle". What to do next with this position, describes in detail the thematic article on our website.
the Subject of locating very popular and in demand by traders this proves unsuccessful attempt of the developers to exclude the possibility of open opposite orders when you first launch Metatrader 5. Later they had to return the mechanism under the threat of a complete failure of the release of the new version of the terminal.
the size of the article on the website about the locking Pozzi clearly reflects the complexity of this process, but now, thanks to the efforts of the programmer and PAMM Manager Rever27 , well known to visitors of our forum, traders can automatically come out of the frozen losses using a robot Brainy Locker.
the operating Principle of this EA
Brainy Locker is a supporting Advisor. The robot "salaryrate" specified by the trader in the settings of the drawdown of open positions, then apply the algorithm information loss (taken to the castle) to zero by gradually reducing lots of open orders at the expense of future profits.
the Robot automatically keeps track of any manual and automatic trades, starting work as soon as the loss is equal to or more will be installed by the user in the settings Brainy Locker drawdown (in percentage and in account currency). The EA doesn't manifest itself before the formation of the loss, its first step is to open opposite direction orders, equal in volume to the existing provider.
Rever27 fully automated system, adding in the code locker of the trading algorithm, revealing the "castle" with earned income, working on tactics grids and martingale. Turned out the EA with a separate set of optimized parameters and set — Unlocker.
the Algorithm is derived as a separate, optional, part of the code, so a trader can use third-party advisors to engage the lock. To add robot to working on the chart Locker Brainy, it is necessary to set both advisers are the same "magic number".
MagicNumber – it figures ID, necessarily present in any robot. They are assigned to open positions and pending orders of the trading system, so as not to confuse them with other advisers at work on the same instrument, otherwise the order will be to open one and close the other algorithm.
In the case of Brainy Locker opposite situation occurs, the trader must give the management of orders "foreign" trading systems. This is acceptable because code "locker" works only on the output from the drawdown. With the same Magic Number, the algorithm will constantly monitor the total amount of the current profit on open positions, automatically closing of the transactions third-party Advisor and also reducing frozen losses.
work Features Brainy Locker For the disclosure of "loca" in-built adviser must include Unlocker — prior work to account should be attached to "their" version of the EA with the same Magic Number; the Robot is not a trading system! It cannot be run for profit!
Consider this moment while trying to "run tester" Brainy Locker – trader will see the logic of the grid, closes a minus, but will not detect the equity growth. Features testing and optimization settings Brainy Locker described in the end of the section with the list of settings.
Settings are divided into two blocks: Locker Settings settings setting the lock, it needs to be equal to the traditional stop loss size used by the trader in the strategy and unit Unlocker, customizable in the absence of a private adviser for the closure of the "castle".
the Developer Rever27 recommends a built-in algorithm and not to intervene once again in the automatically placed orders Brainy Locker.
a Unit Locker Settings:
Min Drawdown % for open Lock (0 — off), the percentage drawdown of the Deposit in which “lakeroad” unprofitable orders. By default drawdown is 30%, if set to “zero” function is disabled setting the lock;
Min Drawdown Balance for open Lock (0 — off) – balance drawdown in account currency (not pips!), the default is zero – the option is disabled;
Close Other Symbol Charts – automatic closing of the graphs (except for work) after the installation of the castle to stop the operation of the other trading experts. Here are possible choices:
Do not close – option will not work; Close Symbol Charts – close the "duplicate" tool-specific charts; Other Charts Close All – close all charts, except for "working" to stop the operation of the other robots, which can not respond to the castles of the adviser, or change of purpose "salaciously" position.
Delete Locked Orders TakeProfit/StopLoss – deletes all pending orders simultaneously with the withdrawal of the first locking transaction, the default is true (enabled).
Settings in the share of profit allocated for the closing lock, – Lock Solve Settings:
Part Close Lock Lot – Lot size, which "reveals the castle," partially closes the lock and zalcitabine of the order parameter cannot be greater than the "working" of the lot strategy, the default is 0.01;
Use Bank Balance:
When set to true, the trader includes the ability to close loss of the "castle" at the expense of accumulated profit, traded after the occurrence of a loca, as soon as it exceeds the "frozen minus"; When set to false automatically enabled Forcibly close the UnLocker Orders (see its value below).
Min Sum of Balance To Partition Close – the minimum value of the total profit to close part of the loss Loka, which consists of fixed and current profit positions, job parameter associated with the option described below;
Forcibly close the UnLocker Orders:
If set to "true" the EA force closes profitable orders UnLocker (or your Advisor) if threshold reached to close part of the loss specified in the configuration described above; When set to false on closing loss is only recorded if the Bank Balance. Settings Unlocker:
Use Unlocker – enables/disables the use of embedded Advisor (gridnik), whose profit is used to exit the "castle";
Magic Number (Unique) – a unique identifier, which in this robot helps to trust the algorithm of the disclosure Loka to another counselor, what their "magic number" shall have the same meaning (if disabled Unlocker!).
You can't use magic “999”, “11111” and the magick of your open losing trades. All of them are considered in the code;
Set Name – the name of the presets file c EA UnLocker;
Open Orders direction – the direction of opening trades the EA UnLocker. Can be in both directions, and separately;
Lot – fixed lot for the first degree grid adviser;
Take Profit – the size of a pending order to fix the profit (in points);
TP: Include Swap and Commission – option, taking into account the fees of the broker (swaps, spreads, commissions). If enabled, the night is recomputed TP all orders grid adviser on correct;
Max Spread BUY protection from slippage, forbidding to withdraw the BUY order in the market by increasing the spread above a specified value (in points);
Max Spread SELL – protection from slippage, prohibiting open SELL orders in case of spread increase above a specified value (in points);
Settings order grid – Unlocker Grid Settings:
Grid Distance (pips) – negative distance from the last order in points after which the opening of the next averaging order (grid);
Multiplier – lot multiplier, increasing each subsequent warrant tactics martingale;
TP Decrease percent – percentage reduction of TP of mesh with each new open order;
Breakeven Level – the number of the order on which the transfer will be made the take profit order grid to breakeven;
Breakeven Step (pips) is a valid offset from zero of the breakeven line in (can take negative values);
Averaging Level – the number of the order of the grid, after which the martingale is disabled, and subsequent transactions will be equal to the volume of the last open transaction.
Service settings – Other Settings:
Show Panel – display/off dashboard reports settings/EA;
Show Signal Points – displays/off text labels, information on the transactions grid and closed orders castle on the chart.
Panel Color – background color of the dashboard;
Logging Mode – log filters log:
All – display all data for the work; Only Errors – show only errors of the adviser; Off – disable logging. The test mode of the EA – Testing Settings:
Built extra grid for open lock (testing) mode error checking work Unlocker in test mode (opening of the test orders for potential activation lock). In real trading not in use;
Build Second Testing Grid for open lock — permission to open the castle for the second time in test mode.
to check the algorithm "integrated grid" for razrulivaniya castle:
Open the Metatrader 4 strategy tester; Select Brainy Locker, any timeframe, historical period, testing and quality modeling candles; Go to settings via the option "expert Properties" and turn on Built extra grid for open lock; to make the process demonstration, set the minimum size of the Min drawdown Drawdown % for open Lock (for example, equal to 3%); Run the tester and adjust the speed of the visualization to see how you mesh orders:
After starting mode Built extra grid for open lock of the first transaction is done instantly without any logic, — the objective of the test to show how it is constructed and closes the lock, showing the operation of the grid: Brainy Locker conditionally consists of two parts – setup code lock (Locka) on unprofitable orders and Unlocker, which covers "frozen minus" by using tactics of grids. This part of the code strategy can be optimized and used as an outside adviser for trading, if you set:
UseUnlocker true; Min Drawdown % for open Lock equal to 0; Min Drawdown Balance for open Lock is also zero. Examples of the EA
the Difficulty settings Brainy Locker kompensiruet the simplicity of its logic. The trader has to calculate what percentage of the Deposit equivalent to the size of his usual stop-loss to set the "Min Drawdown % for open Lock" in the settings and forget about the foot.
This can be done by "dragging" Brainy Locker from the "Navigator" window of the Metatrader 4 when you open the settings window of the EA. If the user is experiencing difficulties with its installation on the platform, he can use the corresponding user manual on our website.
If the robot smiley is smiling, you can start a manual trade, – the lock will work automatically, the trader will see the opposite order, outdoor robot with the same transaction volume(1). Involved "razrulivaet Loka" (UseUnlocker should be with the value "true") connects to the process of reducing loss instantly, building our net orders(2). As can be seen from the figure, the trader is left at the default minimum size(3) volume mesh, and it is not comparable with the trading lot (1 0.01). This leads to the fact that the algorithm Unlocker will have to open at least 10 trades to "settle" the castle.
the First order of the grid has the largest take-profit, which is then adjusted downward, as growth in the number of knees. Be careful: the EA manages only fixed a lock loss, attempts to open trade hands after the installation of the lock might interfere with the operation of the algorithm, the EA in the calculation of income they will not be taken into account. You also cannot use one account from two versions of the EA — it would just break his logic.
that's why in the settings there is an option of closing all charts, in addition, with "Locker". This helps for unit use Brainy Locker in conjunction with the main automatic trading system. The closure of the schedules disables the EA, leaving only the management of "lock".
Brainy Locker in conjunction with the Advisor, a replacement Unlocker, built in a different way. Prior to the transaction or the launch of automatic trading of the main algorithm in the settings of the switchable Locker gridnik (UseUnlocker should be with the value "false"). Next step change the Magic Number by another number. After these procedures, run the trade, but first a trader should prepare a "replacement" Unlocker to run it immediately after receiving a loss of lock installation. Without this, disabled unit UseUnlocker, the robot will not be able to correct Locke. Early launch of replacements would lead to the execution of the algorithm razrulivaniya before the loss.
Unlocker only replace the EA with the strategy mesh with the same settings with Brainy Locker "magic number" and allowed only a one-way transaction.
In this case, the grid of orders is based on another chart, where after the opening of Loka, we attach the replacement Unlocker (in the example Smart-Grid). Gridnik will only work in one direction, and of his orders will close forcibly Brainy Locker as soon as their total current and fixed income will partially reduce the size of the frozen loss. Also worth noting: if your EA will close the orders at a loss, Locker will take this into account when calculating the balance of closed orders, so choose carefully.
work Features Brainy Locker
If you use Brainy Locker in the role of the support module for mounting the lock on the orders of the primary trading Advisor, be sure to test a bunch of them on a demo account. Again, note the important nuances of organizing such collaborative Commerce:
the Robots have to be installed on different schedules; After the installation of the lock should be only graph Brainy Locker, all the old advisers must be removed; At this point the trader can connect is Unlocker any other algorithm provided settings UseUnlocker= false and the same value for Magic Number ; For additional trade, you can use any currency pair; if you have questions, please contact a forum thread devoted to the description and discussion of the robot Brainy Locker. Active involvement in the subject takes and the developer of this EA. Your question should be described very in detail, if you find a bug to make screenshots from the terminal and logs of the expert Advisor. Conclusion
the Locking is only one of tactics trading money management, i.e., is not a panacea, but it reduces the psychological burden on the trader. The Advisor will help the traders, who deliberately chooses this method of trading can not or is not able to control drawdown of their own.
Advanced traders can combine the idea of modular Locker with other Brainy advisers, is opening the space to create a combined automated trading systems.
Download the EA Locker Brainy
With respect, Alexey Vergunov
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