hidden stop loss

I hear people talk of stop hunting etc and also of hidden stop losses. Is it possible to make an ea that just puts a hidden stop loss or hidden trailing stop on any manually entered trade?

Thanks

Max

Try these. Close-All-PL will close your trades at at the dollar amount you set, either positive (TP) or negative (SL). CloseByPl pips does the same thing, using pips instead of $ amount.

These will close ALL positions at the value you set.

Thanks mate, will look at those later.

To the Mods, why has this been moved to rookie section when quite clearly it was a metatrader question????

Max

Hi,
there is something I don't understand: what is the difference between real stop loss and this script? Just not to let my broker know where is my stop loss ?

When you enter a regular SL through MT4, the order is ticked directly to your broker where it resides on his servers until it's cancelled or fulfilled.

The EA resides on your computer only...the broker can't "see" your stop until the script executes the order.

One drawback of this of course is that your computer has to stay on with MT running as long as you have open positions. Also, if you lose your internet connection for any reason you effectively will have no more stop loss protecting your account.

Stuff to think about.

Why don't you at least set a catastrophic stop outside of the daily range w/ your broker incase something unexpected happens? Brokers aren't going to move the market 200 pips to hunt a stop.

I am not sure that this will work. I want to have four or five trades open in different currencies and I want to close them when the individual pip count is say -30 not when the combined pip count is -30.
thanks
max

I haven't looked at the EA posted, but can't you just write a line in your Close Buy / Close Sell statement in your EA that says if the current Ask/Bid is greater/less than the OpenOrderPrice +/- SL then close the trade?

In code it would be something like (for selling or going "short"):
if (Ask > OpenOrderPrice + SL*Point) CloseSell=true;

Where Ask and OpenOrderPrice are builtin functions for metaeditor, SL is your stop loss that you enter yourself, and CloseSell is the variable that determines when to close the short trade.

I found this, but I don`t know if it is working.