forex lock advisor
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The following decisions were made:. Based on the in-depth research conducted, the Discourse has found that individual spot forex electronic transactions contain elements of usury riba in the imposition of rollover interest, resemble a sale contract with credit term by way of leverage, is ambiguous forex online analytics terms of the transfer of the possession of items exchanged between the parties, include the sale of currency that is not in possession as well as speculation that involves gambling. Furthermore, it is also illegal under the laws of Malaysia. In relation to the above, the Discourse has agreed to decide that the hukum islam main forex individual spot forex electronic transactions are prohibited as they are contrary to the precepts of the Shariah and are illegal under Malaysian law. Therefore, the Muslim community is prohibited from engaging in forex transactions such as these. The Discourse also stressed that the decision made is not applicable to foreign currency exchange operations carried out at licensed money changer counters and those handled by financial institutions that are licensed to do so under Malaysian law. Click here to view.

Forex lock advisor forex advisor setup

Forex lock advisor

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Well, of course - everyone saw beautiful advertising pictures with a boy in a jacket, sitting in front of computer screens with some sort of indicators and looking at them. And the less clear the purpose of these indicators, the better - so that ordinary people can realize their ignorance. It makes a strong impression, I agree. Well, for the sake of an example.

It looks like it is an ideal trader. And you are going to become like this in future. You will also be looking at some sorts of things and THEY will a kind of indicate where the price will go next Nothing like that! Locking a locked position is a type of hedging in Forex. To "lock" a position, you have to open two trades on one instrument but in opposite directions. The locking strategy is used both as a trading strategy and a way to turn an unfavourable position into a profitable one.

This second way may harm a beginner trader. Let's see the reasons why traders get themselves "locked" and the ways to get out of the locked position. But if you often use locks and you get sick of it, read this part attentively. I hope, all that is written below will clarify something. It is painful to make mistakes because you feel foolish. And, as you want to avoid this feeling, at first, you long for discovering such a tool that will help you be right as often as possible in fact, we all hope to be always right.

Therefore, the situation described above, when the guys are looking at something completely unclear, is so attractive. It seems that they have that magic tool and that is how they make money on trading. At first, traders are extremely upset with themselves, because they are often as they think wrong. The lock allows you to deny a loss and give yourself a chance to avoid the loss in future. A trader suffers from the pain, caused by the feeling that the loss has resulted from the wrong market analysis.

It is like, if the trade is winning, you have understood everything correctly. If the trade is losing, you have understood something wrong. A losing trade neither defines the quality of the chart analysis — whether it is analyzed well or not. You will never able to know it. A profitable trade is the same impersonal evidence that the price went in the expected direction.

That is when a trader gets calm and makes the first small step to conscious trading. It means losing trades are acceptable as a natural part of the process, rather than a kind of failure. What do I mean? For example, you are an owner of a business and want to hire an employee. So, there is a kind of a pattern of what your future employee should be like.

You will direct those who match to this pattern to the next round of the interview. It just allows to filter off those who are initially not interesting for the company. However, among those who "passed", there will certainly be less competent unprofitable for the company and more competent profitable for the company workers. That is, the pattern is a kind of a rough selection, based on common sense. That will be your pattern or pattern. If, following trades, your deposit decreases, the pattern is bad.

If your deposit increases, you keep the pattern. Now, you see what situation is good to enter a trade. If a result of your pattern use is positive, it makes no sense to guess where the price should go at a particular moment. There is another matter if there is a suitable pattern in the chart or not. Will get upset because of one losing trade if you know that your trading strategy yields you steady profits as the total outcome?

For example, you open a buy position at the price of 1. The price goes down, i. And you open a sell position at 1. In fact, this lock or locking in is just a stop loss but postponed. You are likely to read on the Internet that locks are allegedly a feature of advanced traders, and they are said to use them. But this approach means a lack of experience and professional skills. What professionalism is it about?

Yes, this trader may guess the further price direction. But what distance will it move at? Will it be sufficient to cover the loss? Nobody knows. It can be cured only by a huge amount of practice and nothing else. How to avoid the influence of these psychological reasons on your trading? And why there is no point in trying to outsmart the market. But even having read all of this and having agreed with it, traders will still try to do these absurd even in their opinion things.

Because they aren't sure. Again, why is it so? It is because we all trust only ourselves and other people can draw wrong conclusions. How can you know in advance who is right and who is wrong? You can know only trying by yourself.

Alas, it is not so again. I discovered an excellent entry point in the chart, with a clear stop loss and take profit. And here is the price! Going down to the level, I originally wanted to enter. Current result: the price went in the needed direction, and I am already at a loos. And here, I may want to cover my purchase by a sell position.

The logic is like this: I expected the rebound from that level. If the price goes to my stop loss, I will close at least the sell position with a profit, so that the final loss will be less. If it rebounds and goes in the needed direction, I will close the sell position, expect the profit from the purchase and go to breakeven. I agree, it is nonsense, but this also happens. They just enter a lock and then whatever happens. For example, you buy and the market continues going down. In these two cases, in my opinion, the chances to get out of the lock with fewer losses are extremely low.

I know that because of this wording, I may look like a trader, trying to convince everyone of the impossibility just because he could not do it himself. It can be both in both directions, and separately;. TP: Include Swap and Comission — an option that takes into account brokerfees swaps , spreads , commissions. If enabled, then at night the TP of all advisor grid orders is recalculated to the correct one;. Max Spread BUY — protection against slippage , which prohibits the withdrawal of BUY orders to the market when the spread increases above a specified value in points ;.

Grid Distance pips — negative distance from the last order in points, after which the next averaging order opens grid step ;. Multiplier — lot multiplier, increasing each subsequent order according to Martingale tactics ;. TP Decrease Percent — percentage of decrease in the take profit level of the grid with each new open order;. Breakeven Level — serial number of the order on which the take -profit of the grid of orders will be transferred to breakeven ;.

Breakeven Step pips — allowable offset from zero of the breakeven line in points may take negative values ;. Averaging Level — the serial number of the grid order, after which Martingale is disabled, and subsequent transactions will be equal in volume to the last open transaction.

Built extra grid for open lock testing — a mode for checking for errors of Unlocker operation in testing mode opening test orders for the possibility of activating a lock. In real trading is not used;. Build Second Testing Grid for open lock — permission to open the lock a second time in test mode. After launching the Built extra grid for open lock mode, the first transaction takes place instantly, without any logic — the task of the test is to show how the lock is built and closed, demonstrating the operation of the grid:.

This part of the strategy code can be optimized and used as a third-party adviser for trading, if set in the settings:. The complexity of the Brainy Locker settings is offset by the simplicity of the logic of work. If the user has difficulty installing it on the platform, he can use the appropriate instructions on our website.

If the smiley of the robot smiles, you can start manual trading, the lock will work automatically, the trader will see the opposite order opened by the robot with the same transaction volume 1. As can be seen from the figure, the trader left the default value of the minimum size 3 of the grid volume, and it is not comparable with the trading lot 1 to 0.

The first grid order has the largest take profit, which is then adjusted downward, as the number of knees increases. Be careful: the adviser only accompanies the loss recorded by the lock, attempts to open deals with your hands after installing the lock can interfere with the algorithm, the adviser itself will not take them into account in calculating income.

Also, you cannot use two versions of the adviser on the same account at once — this will simply violate its logic of work. That is why in the settings there is a function to close all charts, in addition to which Locker is installed. This helps with modular use of Brainy Locker in conjunction with the main automated trading system.

The work of Brainy Locker in conjunction with the Expert Advisor replacing Unlocker is constructed in a different way. Before starting a transaction or starting automatic trading of the main algorithm in the Loker settings, turn off the grid UseUnlocker must be set to false. The next step is changing the Magic Number to another number. Without this, with the UseUnlocker block disabled, the robot will not be able to resolve the lock. Starting the replacement early will start the rollout algorithm earlier than the loss.

In this case, the grid of orders is built on a different chart, where, after opening the lock, we will attach the Unlocker replacement in the example, this is Smart-Grid. It is also worth noting: if your adviser closes orders at a loss, Locker will take this into account when calculating the balance of closed orders, so carefully choose a trading system.

When using Brainy Locker as an auxiliary module for setting a lock on orders of the main trading adviser, be sure to test their combination on a demo account. Once again, pay attention to the important nuances of organizing such a joint trade:.

Brainy Locker. Do not change these fields following.

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EXPERT ADVISOR FOREX (EA NOSTRADAMUS)

Our detailed review on Forex Lock Expert Advisor. To launch the EA, use brokers with fast quotes and SaveQuotes = true for metatrader 4. Forex Lock balancer Expert Advisor review: Used in manual trading to block losses on any price movement against a trader. This is where forex traders enter into binding contracts with each other, locking into a particular exchange rate for an agreed amount of.