Virtual Trailing

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Scalperology Ai MT5

Global

Pairs:

AUD/JPY

AUD/USD

EUR/AUD

EUR/GBP

EUR/JPY

EUR/NZD

EUR/USD

GBP/USD

NZD/USD

USD/CAD

USD/CHF

USD/JPY

30-Day Profit: 37.39%

7-Day Profit: 37.39%

Support: 24х7 via Telegram

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Breakopedia Ai MT5

Global

Pairs:

AUD/JPY

AUD/USD

EUR/AUD

EUR/GBP

EUR/JPY

EUR/NZD

EUR/USD

GBP/USD

NZD/USD

USD/CAD

USD/CHF

USD/JPY

XAU/USD

XAG/USD

XBT/USD

30-Day Profit: 0%

7-Day Profit: 0%

Support: Developer

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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

Prevents Broker Manipulation: Brokers cannot see your stop-loss levels, reducing the risk of price manipulation.

Enhanced Flexibility: Allows for more complex trailing strategies that can be adjusted dynamically based on market conditions.

Improved Execution: Minimizes slippage by executing stop-loss orders as market orders when conditions are met.

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

Trailing Stop Universal Utility: This utility offers 13 real or virtual trailing methods, including indicator-based methods like Alligator, ATR, Bollinger Bands, and non-indicator methods like Bar Price and Fixed Distance.

Ultimate Trailing Stop EA: This EA allows for 16 different trailing algorithms and can manage unlimited open orders. It supports both real and virtual trailing stops, offering a high degree of customization.

CloseIfProfitorLoss with Trailing: This EA can enable virtual stops, calculating and closing for BUY and SELL positions separately. It also offers trailing for profit, closing positions based on various parameters like deposit currency, points, and percentage of balance.

Settings and Customization

Stop Loss Type: Choose between Real or Virtual Stop.

Trailing Stop Method: Select from various methods like Fixed Distance, ATR, Moving Average, etc.

Close Percent: Works with virtual to partially close your position at a desired percent.

Threshold in Pips or ATR: Start trailing stop when your trade reaches a specified number of pips in profit.

Potential Drawbacks

Requires Constant Monitoring: Virtual trailing stops only work when the EA is running and connected to the internet.

Slippage: There may be slippage in closing positions due to requotes and broker delays.

Complexity: Setting up and managing virtual trailing stops can be more complex compared to traditional methods.

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. 🌟📈

Golden Bird MT5

MT5 Expert Advisor MT5

Easy Rating: 3/2

MQL Rating: 5/1

XAUUSD Trading Forex Trading Robot

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