In an optical device, a ring-resonator modulator, having an adjustable resonance (center) wavelength, receives an optical signal that includes a carrier wavelength from an input-output optical waveguide. Then, a monitoring mechanism monitors a performance metric (such as an average power or a signal swing) of a monitor optical signal from the ring-resonator modulator. Moreover, control logic in the optical device adjusts the resonance wavelength based on the monitored performance metric so that the resonance wavelength is locked to the carrier wavelength. In particular, the control logic may apply a change to an adjustment signal that is provided to the ring-resonator modulator. If the change increases the performance metric, the control logic may continue to modify the resonance wavelength. Otherwise, the control logic may modify the resonance wavelength by applying one or more changes, having an opposite sign to the change, to the adjustment signal.