Virtual Sl Tp and trailing Sl

5

Why use virtual SL / TP?

  • Broker stop/freeze level limitations
  • Hidden exits for scalping strategies
  • Advanced trailing logic not available in standard MT tools
  • Additional safety layer for EAs and manual trading

Stop Loss modes (4 types):

  1. Fixed Stop Loss - Classic fixed SL defined in points.
  2. Trailing Stop Loss - Standard trailing following the price.
  3. Trailing to Breakeven - Stop Loss moves to the trade open price once profit conditions are met.
  4. Trailing by jumps (advanced mode) - A multi-step trailing algorithm:
    1. When profit reaches TRSL_1, SL moves to breakeven
    2. When distance from price to breakeven reaches TRSL_2, SL moves to lock TRSL_3 profit. This method is very effective and tested on multiple trading strategies. The full algorithm is illustrated in the screenshot below.

Additional features

  • Works with all trades on the symbol or only with selected Magic Number (for EA usage)
  • Optional virtual Take Profit
  • Ability to draw SL/TP levels as visual lines on the chart
  • Main settings can be changed directly from the panel
  • Optional “live SL”: a real broker SL placed further than the virtual one (extra protection)

Quick Start

  1. Attach the panel to a chart
  2. Enable AutoTrading and allow trading permissions
  3. Choose Stop Loss mode and parameters
  4. Open a trade (manual or EA)
  5. Virtual SL/TP levels are monitored by the panel

Important:

  1. Virtual levels work only while the terminal is running. Using a VPS is strongly recommended.
  2. After change settings - Press button "RESET"

FAQ

Q: Why SL / TP is not visible on the broker side?

A: Because the levels are virtual and stored in the terminal memory.

Q: Will it work if I close MetaTrader?

A: No. Virtual SL/TP requires the terminal (or VPS) to be running.

Q: Can I use it with an EA?

A: Yes, via Magic Number filtering.

Q: Is exact execution guaranteed?

A: Small deviations are possible due to spread, slippage, and execution speed.


    评分 1
    j431fx
    1045
    j431fx 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.

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    实用工具
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    Trinh Dat
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    Peter Mueller
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    实用工具
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    Leolouiski Gan
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    实用工具
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    5 (3)
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    5 (10)
    实用工具
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    Dashboard Alligator Mt4
    Mikhail Mitin
    实用工具
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    Lusaka mt5
    Mikhail Mitin
    4 (3)
    专家
    Main: Not martingale, not a grid; Working on all symbols; Signals: There is a good rational algorithm. Work of two indicators: Envelopes and Moving Average (you can set a separate Timeframe for each indicator) Stop Loss/Take Profit: There is a good money management system (there are several type for trailing stop loss); There is virtual levels of Stop Loss / Take Profit; There is smart lot (percent by risk) or fix lot Important: EA can work on closed candles, and on current candles; Quickly
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    Mikhail Mitin
    3 (2)
    专家
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    Mikhail Mitin
    4.5 (2)
    专家
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    Mikhail Mitin
    实用工具
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    Mikhail Mitin
    5 (2)
    实用工具
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    Mikhail Mitin
    5 (5)
    实用工具
    Great dashboard for market analytics. Help you to analyze the values ​​of the   Moving Average   indicator and prices. Using this dashboard you can: find signals from the Moving Average from all timeframes; find signals from the Moving Average from all symbols; check - how far the Moving Average is from the price; check - the Moving Average value has changed; 2 types of signal. Modes of operation (switched by a button on the graph): current value of Moving Average; the difference between the
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    Mikhail Mitin
    4.5 (2)
    专家
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    Mikhail Mitin
    4 (1)
    专家
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    Dashboard Momentum Mt5
    Mikhail Mitin
    实用工具
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    Mikhail Mitin
    专家
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    Mikhail Mitin
    5 (1)
    实用工具
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    Mikhail Mitin
    5 (2)
    实用工具
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    Mikhail Mitin
    5 (1)
    实用工具
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    Mikhail Mitin
    实用工具
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    Mikhail Mitin
    1 (1)
    实用工具
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    Mikhail Mitin
    专家
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    Mikhail Mitin
    专家
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    Mikhail Mitin
    实用工具
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    Mikhail Mitin
    专家
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    Mikhail Mitin
    专家
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    Mikhail Mitin
    专家
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    Mikhail Mitin
    实用工具
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    Mikhail Mitin
    专家
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    Mikhail Mitin
    专家
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    Mikhail Mitin
    专家
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    Cordoba
    Mikhail Mitin
    专家
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    Dashboard Bollinger Bands Mt4
    Mikhail Mitin
    实用工具
    Great dashboard for market analytics. The panel helps to analyze the values of the   Bollinger Bands   indicator and prices. Using this panel you can: watch the current signal from Bollinger Bands for all time frames; watch the current signal from Bollinger Bands by different symbols; look at how far Bollinger Bands is from the price; look at how much the value of Bollinger Bands has changed; several types of signals for analytics. Values in the table cell (switched by the button on the graph
    Dashboard Envelopes Mt4
    Mikhail Mitin
    实用工具
    Great dashboard for market analytics. The panel helps to analyze the values of the   Envelopes   indicator and prices. Using this panel you can: watch the current signal from Envelopes for all time frames; watch the current signal from Envelopes by different symbols; look at how far Envelopes is from the price; look at how much the value of Envelopes has changed; several types of signals for analytics. Values in the table cell: Envelopes value upper line; Envelopes value lower line; "the cor
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    Mikhail Mitin
    2.6 (5)
    实用工具
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    筛选:
    j431fx
    1045
    j431fx 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.

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