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Why Metatrader don't have Server Trailing Stop Loss?

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Musngi
301
Musngi 2016.11.12 19:09 
Why Metatrader don't have Server Trailing Stop Loss? There's a lot of trading platform that have Server Trailing Stop Loss like cTrader. I think its winning feature. Why you don't add it?
Carl Schreiber
6590
Carl Schreiber 2016.11.12 19:29  
You can set either manually or your EA can set it or you have plenty of scripts and EAs (so called trade manager) that are doing this.
rod178
273
rod178 2016.11.13 08:36  
Carl Schreiber:
The You can set either manually or your EA can set it or you have plenty of scripts and EAs (so called trade manager) that are doing this.

 

The other feature that I consider should be added to the server is "Close Open Order" at a set time.

Currently I manage my trades with an EA, which adds another point of failure. 

Musngi
301
Musngi 2016.11.13 08:46  
Carl Schreiber:
You can set either manually or your EA can set it or you have plenty of scripts and EAs (so called trade manager) that are doing this.
Server Trailing Stop Loss is used to run the trailing stop loss in Server Side to avoid big losses caused by unexpected loss of electrical power or brownout. I don't want to run my computer 24 hours that consume more electrical power or I don't want to rent a VPS to run my metatrader. Do you get the point?
Carl Schreiber
6590
Carl Schreiber 2016.11.13 12:28  
  1. If you have an open position
  2. place the mouse over the horizontal entry line of that position
  3. click on the right mouse button
  4. You'll see an little window
  5. at the bottom you'll see Trailing Stop
  6. Open its fall down menu
  7. Choose either a predefined distance or
  8. Choose custom and enter the number you'd like

( OR you press F1 of your terminal and enter "Trailing" in the enter filed of the serach tab ... )

Now you have a trailing stop managed by the server.

No need to have a VPN for that!

whroeder1
14514
whroeder1 2016.11.13 15:05  
Musngi:
Server Trailing Stop Loss is used to run the trailing stop loss in Server Side to avoid big losses caused by unexpected loss of electrical power or brownout. I don't want to run my computer 24 hours that consume more electrical power or I don't want to rent a VPS to run my metatrader. Do you get the point?
  1. Well too bad. Metaquotes is not a broker. Only the broker has a server so only a broker can have a server side TSL. Metaquotes can't do what you want.
  2. As far as power, 80 watt PS * 24 * 365 / 1000 = 700 Kilowatt-hours. Average cost is $0.12 per. So you can't afford $84 per year, you can't afford to trade.
JC
1456
JC 2016.11.13 15:34  
whroeder1:
  1. Well too bad. Metaquotes is not a broker. Only the broker has a server so only a broker can have a server side TSL. Metaquotes can't do what you want

No, it is completely controlled by MetaQuotes.

MetaQuotes provide the client terminal and the server software. Whether a broker offering MT4/5 can provide a server-side trailing stop is not in the broker's control. It depends on MetaQuotes including that functionality in the software which they provide to brokers and traders.

Only MetaQuotes could change the MT4/5 software so that adding a trailing stop in the client terminal sends an instruction to the server rather than running the stop client-side, and only they could modify the server software so that it then processes that trailing stop.

JC
1456
JC 2016.11.13 15:47  
JC:

No, it is completely controlled by MetaQuotes.

MetaQuotes provide the client terminal and the server software. Whether a broker offering MT4/5 can provide a server-side trailing stop is not in the broker's control. It depends on MetaQuotes including that functionality in the software which they provide to brokers and traders.

Only MetaQuotes could change the MT4/5 software so that adding a trailing stop in the client terminal sends an instruction to the server rather than running the stop client-side, and only they could modify the server software so that it then processes that trailing stop.

... being very, very pedantic, the following scenario is possible technologically, but implausible commercially.

 The MT4/5 Server software has a plug-in mechanism. The MT4/5 Server could provide a way for server-side plug-ins to say "I am going to accept and implement server-side trailing stops". The server-side stop would then be handled by the plug-in. It would be something which brokers bought from a third-party, rather than from MetaQuotes themselves, like they currently do with a bridge or a MAM etc.

But MetaQuotes would still be responsible for modifying the MT4/5 Server software to allow plug-ins to make such a declaration, and they would also have to be responsible for modifying the MT4/5 client terminal so that it sent trailing-stop instructions to the server rather than running them locally if such a plug-in were installed on the server.

Alain Verleyen
Moderator
30738
Alain Verleyen 2016.11.13 20:07  
JC:

No, it is completely controlled by MetaQuotes.

MetaQuotes provide the client terminal and the server software. Whether a broker offering MT4/5 can provide a server-side trailing stop is not in the broker's control. It depends on MetaQuotes including that functionality in the software which they provide to brokers and traders.

Only MetaQuotes could change the MT4/5 software so that adding a trailing stop in the client terminal sends an instruction to the server rather than running the stop client-side, and only they could modify the server software so that it then processes that trailing stop.

Of course, but the broker can choose its software and they can also choose to pay Metaquotes to add features to their server...
rod178
273
rod178 2016.11.16 05:44  
Alain Verleyen:
Of course, but the broker can choose its software and they can also choose to pay Metaquotes to add features to their server...

The bottom line is that that server bases time and price stops' are a missing feature, desired by many.

 

Metaquotes facilitates the close of Pending Orders on time, so why not Open Orders (time and price) !!  ie as a standard feature

Musngi
301
Musngi 2016.11.16 10:05  
rod178:

The bottom line is that that server bases time and price stops' are a missing feature, desired by many.

 

Metaquotes facilitates the close of Pending Orders on time, so why not Open Orders (time and price) !!  ie as a standard feature

I agree.

If Metaquotes don't want to add this features then brokers don't want to add unsupported features of Metaquotes. 

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