Virtual Sl Tp and trailing Sl
This panel brings convenient functionality. And make more comfortable your manual or automated trading terminal Meta Trader.
Features
- This panel allows you to disable the output of market levels of Stop Loss and Take Profit of your transactions. Panel keeps levels in his memory. When the market reaches one of the levels, the deal simply is closed and the terminal displays a message that triggered a virtual level. It is possible to disable this feature.
- There are 5 options for setting Stop Loss:
- Classic SL - Fixed Stop Loss (pips_SL parameter)
- Trailing SL - the distance from the current price to the opening price of the transaction is greater than the pips_TRSL, Stop Loss is rearranged to pips_TRSL.
- Breakeven - Trailing SL to the price "bezubytka" - similar to the previous one, only the algorithm works to the opening price of the transaction
- Trailing SL "Irregular" ( "jumps") - when the profit in pips on the position to become equal to the value pips_TRSL_1, the Stop Loss is exposed at the opening price of the position (to breakeven). If the Stop Loss is in "bezubytka" and the distance from the current price to the opening price becomes equal pips_TRSL_2, Stop Loss order is set at a distance from the opening price in such a way as to lock in profits pips equal value pips_TRSL_3. This option Trailing'a Stop Loss is a very effective and tested on different strategies. Intuitively, an algorithm is shown in the screenshot below.
- It is possible to work on all transactions on the symbol or on transactions with certain Magic (useful when working with EA)
- It is possible to install Take Profit
- It is possible to draw the SL and TP levels in the form of the usual lines on the chart
- Ability to define the basic settings directly in the panel
- You can change the settings of the visual panel
- When the hidden layer has the ability to add "living levels" SL (who are more virtual level defined by the number of points)
Options
- invisible_money_management- false - the levels of Stop Loss and Take Profit are displayed in the market. True - the levels are virtual and your broker they can not "see"
- all_orders_or_by_magic: All_orders - work with all orders on this symbol. Only_by_magic - work with orders and certain magic, which is set by the parameter magic_number
- need_live_sl- true - at invisible_money_management = True, it sets the SL market levels, retreating from the virtual SL on pips_live_sl points.
- magic_number- Room magic (description in the paragraph above). If it is set to be less than or equal to 0, then the work is automatically on all Magic
- color_of_SL- SL color level line at the virtual SL, TP.
- color_of_SL - TP level color line at the virtual SL, TP.
- type_of_trailing - type trailing sl (description of the types defined above)
- pips_TP - Take Profit level value from the opening price of the transaction (set in pips)
- pips_SL; pips_TRSL_1; pips_TRSL_2; pips_TRSL_3 - values for settings and SL trailing SL (given in pips, pip - is the minimum unit of price changes, given integers, for example 150 to pips EURUSD five-digit symbol while quoting the graph is 0.00150 or 15 points)
Attention!
If you included virtual levels Sl / TP and for any reason communication terminal is lost and a broker (Internet gap; broker does not respond or something else), then closing transactions when the levels will not perform
Related posts
CreateGridOrdersTune The script for the opening of the grid orders If you need to quickly open multiple pending orders (Buy Limit, Sell Limit, Buy Stop,...
RunwiseFX Panel plus Configurable
RunwiseFX Panel plus Configurable Automation DEMO This product combines the panel for manual trading and the ability to automatically perform actions...
Virtual Lines pro This that has a number of key features: It can be operated in semi-automatic mode, allowing the trader to actively...
Next posts
- TradeLeader B3 Bovespa Scanner
- MasterWindows for MQL5 demo
- GridEditByMouseMT5
No comments:
Post a Comment