How to change the minimum trailing stop loss? | Forex Factory

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How to change the minimum trailing stop loss?

  • #1
  • First Post: Oct 16, 2008 10:29am Oct 16, 2008 10:29am
Hi all,

I need help to change the minimum trailing stop loss from 15 pips to 5 pips in MetaTrader. FXPro just did it recently and when I asked IBFX to do it too they said they can not and I have to find an expert adviser or ask a programmer to do it.

Do you have any solution?

Thanks,
Vahid
  • #2
  • Oct 16, 2008 10:34am Oct 16, 2008 10:34am
That's a broker-mandated minimum.


your best bet would be to use an invisible trailing stop.
  • #3
  • Oct 16, 2008 10:43am Oct 16, 2008 10:43am
Quoting Ronald Raygun
That's a broker-mandated minimum.


your best bet would be to use an invisible trailing stop.
Thanks for your reply.

what do you mean by invisible trailing stop?
  • #4
  • Oct 16, 2008 11:01am Oct 16, 2008 11:01am
Invisible anything generally means that the stop is managed client-side and not broker-side. There are a few problems due to that.

 

  1. Lose internet connection, can't close trade
  2. Slippage is higher

  • #5
  • Oct 16, 2008 11:04am Oct 16, 2008 11:04am
Quoting Ronald Raygun
Invisible anything generally means that the stop is managed client-side and not broker-side. There are a few problems due to that.

  1. Lose internet connection, can't close trade
  2. Slippage is higher

thanks again.

So how can I manage the stop client-side?
  • #6
  • Oct 16, 2008 11:08am Oct 16, 2008 11:08am
Quoting Vahid
thanks again.

So how can I manage the stop client-side?
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  • #7
  • Oct 16, 2008 1:43pm Oct 16, 2008 1:43pm
MT4's automatic trailing stop IS client-side.

Don't believe me? Set a trailing stop on a trade you're in, close MT4, open MT4 in 30 minutes. See if it's trailed it.
The market reveals who we really are...
  • #8
  • Last Post: Oct 16, 2008 1:48pm Oct 16, 2008 1:48pm
Quoting shadowninja
MT4's automatic trailing stop IS client-side.

Don't believe me? Set a trailing stop on a trade you're in, close MT4, open MT4 in 30 minutes. See if it's trailed it.
The way MT4 trailing works is that it changes the stoploss with the broker. IF you set an MT4 trailing of 5 pips when the broker's limit is 10, then the stop loss effectively be kept at a trailing stop of 10 pips.
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