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REGISTER PARTICIPANTS Expert Virtual Stops Mt 4 Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 2, 2020.

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  1. James Goldman

    James Goldman Moderator
    Staff Member Organizer

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    #virtualstopsmt4

    virtual-stops-mt-4-logo-200x200-5227.png

    Description
    The EA does not send stop level orders to the broker. Once the price has reached a given level, it closes trades instead. Level data are stored locally in the EA (invisible for the broker). Hence, the broker can expand the spread as much as he likes, but your trade will be closed once a real level breakout occurs only. Besides, the EA does not require additional time for order sending and processing.

    Goals
    • Minimize setup time of stop levels
    • Provide opportunity to set up a stop levels at 1 pip from the order open price
    • Avoid triggering SL or TP as a result of unreasonable spread expansion
    Features
    • Instant setup of stop levels without order sending and processing
    • SL and TP levels can be set at a distance of 1 pip from the order open price regardless of the broker settings
    • Automatic adjustment to the 4 and 5 digit quotes
    • Set up of stop levels in pips or deposit currency
    • Robust recovery of working state after restart of the terminal, as well as after loss of network connection
    • The EA can be applied to any currency pair and used together with any other EAs
    Application of the EA can be restricted by:

    • Currency Pair
    • Magic Number
    • Order Ticket

    virtual-stops-mt-4-screen-6384.jpg

     

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