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Virtual Sl Tp and trailing Sl

This panel brings convenient functionality - Virtual Stop Loss and Take Profit levels.


Peculiarities

  1. This panel allows to hide the Stop Loss and Take Profit levels of your trades. 
  2. The panel stores these levels in memory
  3. When the market price reached one of the levels, a trade is closed and terminal generates a message indicating that a virtual level was triggered.
  4. there are 4 options for setting Stop Loss:
    • Fixed Stop Loss - fixed Stop Loss
    • Trailing Stop Loss - classic Trailing Stop Loss.
    • Trailing to breakeven - Trailing SL until the "break even" price (trade open price)
    • Trailing by jumps - when the position profit in pips is equal to the value of TRSL_1, the Stop Loss level is set to the position opening price (to breakeven). If Stop Loss is at "breakeven" and the distance from the current price to the opening price becomes equal to TRSL_2, the Stop Loss order is moved away from the opening price to fix the profit in pips equal to TRSL_3. This Trailing Stop Loss method is very efficient, it has been tested on different strategies. The algorithm is shows on the screenshot below.
  5. It is possible to work with all trades on the symbol or with trades with the specified Magic (useful for working with an EA)
  6. It is possible to set Take Profit
  7. It is possible to draw the SL and TP levels as conventional lines on the chart
  8. It is also possible to set the main settings right on the panel
  9. When using hidden levels, there is an option to add "live levels" for SL (which are greater than the virtual level by the specified number of points)


Attention!

After change settings - Press button "RESET"



Attention!

If the virtual SL/TP levels are enabled and for some reason the connection between the terminal and broker is lost (connection interruption, broker not responding or something else), trades will not be closed when those levels are reached


Comentarios 1
Javier Angel Labandeira Garcia
2335
Javier Angel Labandeira Garcia 2018.10.12 21:39 
 

I checked this EA only with parameter "Just SL" and TP, I don´t need other functions by now.

It works very well in my hedge account, manual or with an EA, for All orders or just for Magic number (1 or more magics openig Virtual_SL_EA in more graphs).

It has a good price and works, autor has been very helpful fixing some bug, and similar EAs that I checked were more expensive and had errors.

So, 5 stars for Virtual SL/TP is the correct.

The only missed thing is a full functional demo just for 1 symbol(CADJPY or other minor), so that we were able of checking its functions before buying it.

Filtro:
Javier Angel Labandeira Garcia
2335
Javier Angel Labandeira Garcia 2018.10.12 21:39 
 

I checked this EA only with parameter "Just SL" and TP, I don´t need other functions by now.

It works very well in my hedge account, manual or with an EA, for All orders or just for Magic number (1 or more magics openig Virtual_SL_EA in more graphs).

It has a good price and works, autor has been very helpful fixing some bug, and similar EAs that I checked were more expensive and had errors.

So, 5 stars for Virtual SL/TP is the correct.

The only missed thing is a full functional demo just for 1 symbol(CADJPY or other minor), so that we were able of checking its functions before buying it.

Versión 6.2 2020.08.01
some small changes
Versión 6.1 2020.08.01
some changes)
Versión 6.0 2020.08.01
Big update:
- changed grafic user interface
- fixed bugs
Versión 5.0 2018.10.12
Fixed bugs
Versión 4.0 2018.10.04
Fixed bugs
Versión 3.0 2018.08.23
Fixed bugs
Versión 2.0 2018.06.05
1 - now the EA is able to set the virtual SL and TP levels closer than the minimum distance allowed by the broker
2 - added the ON/OFF button to the visual panel