PROFIT LOCK SYSTEMS – more info needed

  • PROFIT LOCK SYSTEMS – more info needed

    Posted by Olusoji on April 20, 2023 at 6:32 pm

    I had the profit Lock system come with my TitanX Ea when i bought TitanX.

    I am glad that the Profit Lock System have now been made available by TradingKernel for us to use with other EAs.

    However, i have the following question:

    1. How can we use the Equity Profit Lock with an EA that doesnt have magic number , when i attached Equity Profit LOck to the chart, it could still read the acct details such as current balance, running trades etc, but displayed its default magic number. Will it still work?

    2. What part of the Profit Lock system can help to place a limit on drawdown, so as to disable trading and close all positions when a certain amount of drawdown is reached?

    Tony replied 5 months, 1 week ago 2 Members · 3 Replies
  • 3 Replies
  • Olusoji

    Member
    April 21, 2023 at 1:31 am
    • Olusoji

      Member
      April 21, 2023 at 1:42 am

      Update: I attached the Equity profit Lock to a chart with another EA as described earlier. (which I can’t find the magic number).

      Thereafter I disable auto trading to leave it till next day.

      Behold by the morning of the next day, the Profit Locker had enable auto trading and the other EA had started working.

      I’m waiting to see if it will work when the profit level that I set is attained.

  • Tony

    Organizer
    April 21, 2023 at 10:26 am

    I think its about time we build another version of the profit lock system.

    but with regards to your question…

    Magic Numbers are unique ways of identifying trades taken by and EA, if the magic number was not shown as default on the expert properties, highlight the any trade taken by the EA, by hovering your cursor on the entry arrow, you will likely see the Magic Number. copy that magic number and add it to the profit lock.

    When it comes to the Titan X system, there are several types of lock, you could lock trading for one hour, two hours, etc. ensure you use the correct settings.