Stop loss trigger on ask instead of bid price (or vice-versa)?

 

There is a feature on cTrader that I think should be a standard, seen at the bototm of the page https://help.ctrader.com/trading-with-ctrader/orders/#stop-loss-and-take-profit or in the image below.


Basically, instead of a standard stop loss which can be triggered by spread alone (the candleprice itself never actually touches the SL), you can set Stop Loss to be triggered after two consecutive ticks (or just one tick, you choose) are below the ask price for buy orders. This means when you get stopped out, you'll lose a bit more, but you will only get stopped out when price actually hits your stop. No more getting stopped out just because of widening spreads.


Is there an EA for MetaTrader that achieves similar functionality?

Orders
  • help.ctrader.com
An Order is an investor’s request to a broker to buy or sell a security. When you create an Order in cTrader, you are sending instructions to your broker to execute a trade. An Order gives instructions on what symbol to trade and under what conditions. Orders are executed by Deals. While we refer to Orders, Deals, and Positions as different...
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Any EA can be coded to achieve it, but that means your stoploss can't be set on the broker side and needs to be managed internally.