Auto Stop Loss EA

Linuxser · #1 (**permalink**) 07-29-2006, 11:31 PM

In the ASCTrend forum there is an EA which can manage trailing stop and take profit options.

I´m not paranoic but I suffered on my own skin the Stop Hunters *. And since I discovered metatrader I have been looking for some solution.
Actually I´m not using Stop Loss. I just write in a paper my stop and then open the trade.
This action could be very risky and takes you at the front of the monitor for huge time.

The EA posted here is the most close to my idea. I´m looking for some EA which can manage only stop loss.
This way let you the option to not set the SL when you open the trade in metatrader. Avoiding the broker can know where is the "magic number" to take you out.

IE: you set the EA to -40 pips SL from your entry point. If the price moves against you -40 pips the EA close que open trade.

I know many EAs which have the option insert in the code but my knowledge about EA coding is extremly poor, so, If someone knows how to code it or modify the code of the EA posted here I will appreciate.

If someome can include the option in this EA. You can have all options available, stop, trailing stop and take profit completelly automated.

Devil2000 · #2 (**permalink**) 07-30-2006, 01:16 AM

I'm a bit confused, if it's about placing stop loss or trailing stop, why don't using regular metatrader's stop or trailing stop feature?

Linuxser · #3 (**permalink**) 07-30-2006, 01:28 AM

Quote:

Originally Posted by Devil2000

I'm a bit confused, if it's about placing stop loss or trailing stop, why don't using regular metatrader's stop or trailing stop feature?

Hi...

Because I´m afraight to set stop loss (There are several discussion about stop hunters). I have very bad experiences with some brokers who moves the price against you.
And they can do that because you tell him where is located if you place in the order.

The EA manages trailing stop and take profit, has more options than regular metatrader.

Devil2000 · #4 (**permalink**) 07-30-2006, 03:47 AM

Thank you, mind to give me a list of those brokers pls?
I'm not a programmer so I can't help you, but many others can do it

newdigital · #5 (**permalink**) 07-30-2006, 07:39 AM

Quote:

Originally Posted by Linuxser

In the ASCTrend forum there is an EA which can manage trailing stop and take profit options.

I´m not paranoic but I suffered on my own skin the Stop Hunters *. And since I discovered metatrader I have been looking for some solution.
Actually I´m not using Stop Loss. I just write in a paper my stop and then open the trade.
This action could be very risky and takes you at the front of the monitor for huge time.

The EA posted here is the most close to my idea. I´m looking for some EA which can manage only stop loss.
This way let you the option to not set the SL when you open the trade in metatrader. Avoiding the broker can know where is the "magic number" to take you out.

IE: you set the EA to -40 pips SL from your entry point. If the price moves against you -40 pips the EA close que open trade.

I know many EAs which have the option insert in the code but my knowledge about EA coding is extremly poor, so, If someone knows how to code it or modify the code of the EA posted here I will appreciate.

If someome can include the option in this EA. You can have all options available, stop, trailing stop and take profit completelly automated.

Yes I agree. There is some code which follow stop loss/trailing stop or imitating it. It means that nothing is placing in MetaTrader. Broker does not know stop loss and trailing stop and no one order was modifying and broker can not see anyting.

But everything in doing inside the code: stop loss moving, modification of the orders and so on. It is just a piece of code.

I don't remember this piece of code. It was described somewhere in Russian forums (Tartan's forum or Kimiv's forum). If somebody finds it please post. Because it is really usefull.

Michel · #6 (**permalink**) 07-30-2006, 08:38 AM

It's a little risky to manage all your stops yourself as your pc or your connection is never 100% secure. So what you have to do is to manage your exits with some ea, AND put stop levels in the trade, but few pips far away. It's also true about the TPs.

Linuxser · #7 (**permalink**) 07-30-2006, 11:08 PM

Quote:

Originally Posted by Devil2000

Thank you, mind to give me a list of those brokers pls?
I'm not a programmer so I can't help you, but many others can do it

PM send to you because I think this is not the right thread to discuss somethings like that.

Regards.

Devil2000 · #8 (**permalink**) 07-31-2006, 04:06 AM

Quote:

Originally Posted by Linuxser

PM send to you because I think this is not the right thread to discuss somethings like that.

Regards.

Thanks Linuxer. You're right, this thread has a different topic

. I'll check it

prvmao · #9 (**permalink**) 08-10-2006, 06:28 PM

Quote:

Originally Posted by Michel

It's a little risky to manage all your stops yourself as your pc or your connection is never 100% secure. So what you have to do is to manage your exits with some ea, AND put stop levels in the trade, but few pips far away. It's also true about the TPs.

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