Hello Coders Traders,
I have one request as MT4 lacks of a very important and efficient tool that belongs to order strategy.
On the futures platforms, it is possible to create specific orders that have flexible behaviours, especially with the stop loss.
1/ Stop loss goes automatically to breakeven or at breakven + (x) numbers of pips when the price reach a pre-determined (x) numbers of pips
ex; il the price reach 10 pips, then place the SL to BE+1 (in this step, the order is secured)
2/ Once the order is secured, the stop loss begins to trail of (x) number of pips if the price reach a step of (x) number of pips
ex; Target is at 30 pips. Price has reached 10 pips and stop loss is a BE+1.
Price continue to evolve in the right direction, of let's say, 5 pips. If the step value is 5, then the stop loss wil trail of let's say, 2 pips.
Each 5 pips, stop loss will continue of 2.
This flexible order management strategies is accessible on Ninjatrader 7 & 8 but also on Sierrachart too.
This would allow automatic trading with less stress and scalping on volatile markets too !
Does this tool exist on MT4 or MT5 ?
I have one request as MT4 lacks of a very important and efficient tool that belongs to order strategy.
On the futures platforms, it is possible to create specific orders that have flexible behaviours, especially with the stop loss.
1/ Stop loss goes automatically to breakeven or at breakven + (x) numbers of pips when the price reach a pre-determined (x) numbers of pips
ex; il the price reach 10 pips, then place the SL to BE+1 (in this step, the order is secured)
2/ Once the order is secured, the stop loss begins to trail of (x) number of pips if the price reach a step of (x) number of pips
ex; Target is at 30 pips. Price has reached 10 pips and stop loss is a BE+1.
Price continue to evolve in the right direction, of let's say, 5 pips. If the step value is 5, then the stop loss wil trail of let's say, 2 pips.
Each 5 pips, stop loss will continue of 2.
This flexible order management strategies is accessible on Ninjatrader 7 & 8 but also on Sierrachart too.
This would allow automatic trading with less stress and scalping on volatile markets too !
Does this tool exist on MT4 or MT5 ?
