Forex Virtual Trailing Robot

Forex Virtual Trailing Robot review:

Description

Once profit reaches a predefined TrailingStart value, the EA prevents its decreasing by more than TrailingStop (the value can be set in pips as well as in deposit currency). If trailing is started, it will switch to the next stage once the profit has been increased by TrailingStep value. The EA does not send stop level orders to the broker. The 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

  • Avoid losses after significant price fluctuations and unreasonable widening of spread.
  • Profit trailing starting from 1 pip

Features

  • Instant setup of trailing without order sending and processing
  • You can trail profit starting from 1 pip 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

Test results:

Forex Virtual Trailing Robot

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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