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CRAZY LOCK EA MT4 – Full Input Settings Analysis
Crazy Lock EA is an automated trading system based on a scalping strategy in an innovative manner. It issues buy and sell orders at the same time using only its internal algorithm without any external indicator. If the position suffers a loss, the EA employs a lock function and re-positions by employing averaging and pending orders.
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Order Execution & Channel Strategy
- Continuation Order Type: Limit Order – Placing subsequent orders using limit orders.
- First Take Profit (TP1): 10 points – First profit at 10 points.
- Second Take Profit & Channel Size: 30 points – Trade channel size and second TP setting.
- Distance to Next Channel: 10 points – Minimum distance between the next trade channels.
- Max Number of Channel Orders: 2 – EA will not place more than 2 channel-type orders simultaneously.
Money Management (MM)
- Risk per Trade (MM): 0.5% account – Calculates trade size from the account balance.
- Fixed Lot Size: 0.0 – Dynamically calculated by MM; there are no fixed lots.
- Lot Multiplier Sequence (e.g., 2:2:2:3:2:1): (empty) – Undefined; no lot scaling is used for sequences of trades.
Strategy Logic
- Start Strategy Trigger: ATR + Bar Increases – Buy signals are generated when the ATR rises and increasing bullish candles, indicating trend power.
- Timeframe: H1 – The strategy is implemented on the 1-hour chart.
- Selected Direction: BUY – Long orders will be opened exclusively by the EA.
- ATR Period: 14 – ATR is calculated based on a 14-period average.
- ATR Power-On Level: 0 – An ATR value is not needed in order to turn trades on to open.
Key Takeaways
- Scalping System: Crazy Lock EA adopts a scalping strategy, entering buy and sell positions simultaneously. The strategy is designed towards seizing fast trade opportunities, particularly in volatile market conditions.
- Locking Mechanism: Once there’s negative movement in a position, the EA initiates a locking mechanism so that it doesn’t incur further losses. In case the locked position remains in the same direction, Crazy Lock EA employs an averaging mechanism coupled with pending orders to rebalance the trade. The objective is to push the position to break-even.