- BID, ASK and LAST price. Which to use best for different siutations
- Is there EA for hiding SL and Pending Orders?
- will a deal be executed after i log of from MT5 or an account?
In my own trading, I use a mixture of both, irrespective of the type of symbol. Since I like to control the S/L and T/P based on various conditions, including bid prices and not ask prices, I manually control when to close positions in the code on the terminal side, but I set a real broker stop, a little further out as a critical stop, in case I lose communications or the applications hangs or some other critical failure.
Most of the time, for S/L, I use a virtual stop at 1% Risk and a true broker hard stop at 2% risk. When using a Trailing stop, I also use an equivalent distance between the virtual stop and the real broker stop.
I sometimes also widen it a bit more to compensate for spread volatility when I have factored that into my risk assessments and money management.
In my own trading, I use a mixture of both, irrespective of the type of symbol. Since I like to control the S/L and T/P based on various conditions, including bid prices and not ask prices, I manually control when to close positions in the code on the terminal side, but I set a real broker stop, a little further out as a critical stop, in case I lose communications or the applications hangs or some other critical failure.
Most of the time, for S/L, I use a virtual stop at 1% Risk and a true broker hard stop at 2% risk. When using a Trailing stop, I also use an equivalent distance between the virtual stop and the real broker stop.
I sometimes also widen it a bit more to compensate for spread volatility when I have factored that into my risk assessments and money management.

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