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Metatrader trailing stops & brokers

  • #1
  • First Post: May 27, 2007 7:26am May 27, 2007 7:26am
Are there any brokers who use meta trader as their trading platform who allow you to use trailing stops whereby your computer does not have to be on? Are there any server side trailing stop executions? If not why?

thanks.
  • #2
  • May 27, 2007 7:17pm May 27, 2007 7:17pm
InterbankFX has built-in trailingstop inside MT4 platform. I am not sure if your computer need to be on while the trailingstop is running.
  • #3
  • May 27, 2007 8:04pm May 27, 2007 8:04pm
I had never thought it was any other than server side TS. You've got me thinking now though so i'll check things out sometime this week or next. . . but as far as i can remember things with the TS set went fine when my computer was off. I use MB Trading, IBFX, and OneWorldFX for mt4 use at this time.

: ) Thom
  • #4
  • May 27, 2007 9:45pm May 27, 2007 9:45pm
According to InterbankFX customer service, the trailing stop feature on MT4 is CLIENT-SIDE which means your computer has to be on.

I have a feeling that ALL MT4 brokers offer client-side trailing stops only.

MBT on the other hand, does have server sided trailing stops...same with FX Sol. Of course, neither of those brokers use MT4.

Quoting accrete
I had never thought it was any other than server side TS. You've got me thinking now though so i'll check things out sometime this week or next. . . but as far as i can remember things with the TS set went fine when my computer was off. I use MB Trading, IBFX, and OneWorldFX for mt4 use at this time.

: ) Thom
  • #5
  • May 28, 2007 8:51am May 28, 2007 8:51am
Thanks for the replies guys. Yea, IBFX states that their trailing stops are client-side which is quite frustrating as I would have to leave my cpu on all day while I am at work. I dont like that thought. If you guys can confirm any that have server side that use MT4 please let me know.

By the way, just went to mbt site. Can you trade forex with mbt?

thanks.
  • #6
  • May 28, 2007 8:53am May 28, 2007 8:53am
A question from a newbie

I opened a demo account at North Finance (NF), before to come across the SRDC method. Trying to apply the method, I found out that:
1.One can’t open a pending BUY STOP order, if the entry point is less than 10 pips away from the current ACK price.
2.One can’t put “Take Profit Order” if Take Profit is less that 10 pips away from the Entry point.
3.The same applies to a SELL STOP orders and BID price.
Do you guys have same problem with others Meta Trader Brokers? How do you deal with the matter?
Any reply will be appreciated. Thanks. Scardi
  • #7
  • May 28, 2007 11:20am May 28, 2007 11:20am
Quoting scardi
A question from a newbie

I opened a demo account at North Finance (NF), before to come across the SRDC method. Trying to apply the method, I found out that:
1.One can’t open a pending BUY STOP order, if the entry point is less than 10 pips away from the current ACK price.
2.One can’t put “Take Profit Order” if Take Profit is less that 10 pips away from the Entry point.
3.The same applies to a SELL STOP orders and BID price.
Do you guys have same problem with others Meta Trader Brokers? How do you deal with the matter?
Any reply will be appreciated. Thanks. Scardi
Scardi, another Russian broker is Water House Capital.
If you feel comfortable with this type of broker you'll love WHC compared to others. Great execution. Haven't tried a withdraw yet but love trading with them.

http://www.metaquotes.net/files/whc/whc4setup.exe ---Direct link to demo download

http://www.whcforex.com/mt4/simt4/fxsp/ ---Forex page
  • #8
  • May 28, 2007 12:50pm May 28, 2007 12:50pm
No MT4 broker has server side trailing stops. If its using MT4 it is client side, its just the way the software is made.

Quoting MT4 Userguide
Attention: Trailing Stop works in the client terminal, not in the server (like Stop Loss or Take Profit). This is why it will not work, unlike the above orders, if the terminal is off. In this case, only the Stop Loss level will trigger that has been set by trailing stop.
-i trade currencies at the airport-
  • #9
  • May 28, 2007 1:32pm May 28, 2007 1:32pm
arg...ok then thanks.
  • #10
  • Last Post: Jun 3, 2007 10:31pm Jun 3, 2007 10:31pm
thanks for the clarification. Guess i never came accross a situation that the TS was not operational when needed as my trading comp is on all market hours running only my MT4 live feeds. I'd been with FXSol for some time and guessed they all worked like i was used to there! Silly me.

: ) Thom
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