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Virtual Trailing
What is Virtual Trailing?
Virtual trailing is a sophisticated feature in trading that allows traders to manage their stop-loss levels without the broker knowing where these levels are set. This can be particularly useful in avoiding broker manipulation and slippage. Instead of sending the stop-loss order to the trade server, the Expert Advisor (EA) calculates and remembers the stop-loss price. When the market price reaches this calculated stop-loss price, the EA sends a market order to close the position.Advantages of Virtual Trailing
How Virtual Trailing Works
Virtual trailing involves the EA keeping track of the stop-loss level internally. When the price reaches this level, the EA executes a market order to close the position. This method contrasts with real trailing, where the stop-loss order is sent to the broker's server.Examples of Virtual Trailing in Trading Systems
Settings and Customization
Potential Drawbacks
Conclusion
Virtual trailing offers a powerful tool for traders looking to protect their profits and manage risks more effectively. While it comes with its own set of challenges, the benefits often outweigh the drawbacks, making it a valuable addition to any trading strategy. 🌟📈The world of Forex trading is rife with automated systems promising profitable outcomes, but are they all created equal? Dive into the potential of the PartialClose and VirtualTrailing system, expertly crafted by Sergiy Podolyak. This article will dissect its mechanics, gather us ...
Release Date: 25/08/2024
Ah, Golden Bird MT5! The trading system that promises to make you rich while you sip on your morning coffee. But before you get too excited, let's dive into what this scalping expert really offers. With a rating of 5 and a price tag of $69, it's certainly catching some eyes. But ...
Release Date: 30/01/2024