Stoploss EA <--

Hi All,

I would like to know if there is some kind of expert advisor that does not open any trades, but just manage your trades. That is, I open trades manually and let the EA manage the stop loss functions.

I know many of you might say, 'Use the Trailing Stop!' But I dont want just to trail the stops by X number of pips, I want to trail them at each pivot, so if the price crosses a particular pivot (up or down), the program modify the SL and put in over/under the pivot by X pips because the prices are likely to respect the pivots.

Regular trailing stops usually get taken out by regular and ordinary retracements from time to time before they resume there direction, so sometimes its hard to see these things.

So anyone who can advise here?

try this one http://www.forexfactory.com/forexfor...ead.php?t=9553

maybe this is what you are looking for

That's the one I use, works GREAT! Stockwet rules!

Hi All,
I tried to download the StopLoss EA thats mentioned here , but it seems to have been removed or no longer available....

Can someone tell me if there is an EA that can hide yr stop from the broker? or are all EA functions monitored or declared to the broker through the Platform?

Ive heard of EA's that have stops that are invisible to the broker, is this just a fallacy or can some one point me in the right direction please.


Thanks a mill!

Trk

U mean Hidden stoploss? I code it somehow in my EA using iclose. when iclose > my HiddenSL, ea should close position. This is good to prevent spike and stoploss hunter. Bad when trend goes against u, u might lose afew pips more. Anyway i found thats better than having paranoia from stoploss hunter.

Hi byens,
sounds like what I'm looking for. just a question tho about the trend going against you...how many extra pips do you lose under these circumstances? you said a few , is it a few as in 1 or 2 or a few as in 15 or 20?

thanx
Trk

It largely depends on how fast your order is filled.

Here's the behind-the-scenes look on how stoplosses and invisible stoplosses work:

 

1. StopLoss: The broker in this instance knows about the stoploss and has an obligation to execute that stoploss should the price meet it.
2. InvisibleStopLoss: The EA knows the stoploss and should this stoploss be hit, will place an OrderClose() with the broker. To the broker, it looks like the EA hit a close-trade signal, and will treat it like a regular trade closing.

Here is the idea
iClose(NULL,0,1)<=OrderOpenPrice()-HiddenSL*Point
OrderClose(..)

Depends on close candle. I work on 15m timeframe. Like i said its good to prevent spike. The worst in backtest was 30 pips only, but its rarely hit my SL.

Or just like ronald raygan said:
Bid<=OrderOpenPrice()-HiddenSL*Point
OrderClose(..)