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Is Trailing stop set on the Server or on Client terminal?

  • Post #1
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  • First Post: Dec 29, 2006 11:20am Dec 29, 2006 11:20am
  •  forexplayer
  • | Joined May 2006 | Status: Member | 167 Posts
Folks,
Quick question. If i put a trailing stop on an order and then lose connection to the MT server, does the Trailing stop register on the server like your SL & TP points? I am sure it is registered only on the Client and once connection to server is lost , it has no way of functioning.

Any thoughts?

Thanks
  • Post #2
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  • Dec 29, 2006 11:33am Dec 29, 2006 11:33am
  •  PipSteve
  • | Joined Nov 2006 | Status: Pipaholic | 342 Posts
Quoting forexplayer
Disliked
Folks,
Quick question. If i put a trailing stop on an order and then lose connection to the MT server, does the Trailing stop register on the server like your SL & TP points? I am sure it is registered only on the Client and once connection to server is lost , it has no way of functioning.

Any thoughts?

Thanks
Ignored
That's correct, if you use MT4, and lose connection, the trailing stops have no way of being updated.
Steve
 
 
  • Post #3
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  • Mar 7, 2007 7:54am Mar 7, 2007 7:54am
  •  Shadders
  • | Joined Mar 2007 | Status: Member | 16 Posts
Sorry to bring up an old thread but I think this needs clarifying.

Let say I buy at 1.21050 with a 20 pip trailing stop. price then moves to 1.21090 so my trailing stop is at 1.21070. Easy so far...

If I lost connection to the server do I still have a stop order entered at 1.21070? Or do I have no stop order at all?

I can live with it if the trailing stop doesn't keep updating the order if the price continues to increase but if the actual order itself resides client side then you lose your protection!

If that's the case would you have a normal stop as a backup in addition to your trailing stop? Can you even do that? I've tried setting a stop then setting a trailing stop but I can't tell if the original stop is still in place.
 
 
  • Post #4
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  • Mar 7, 2007 8:47am Mar 7, 2007 8:47am
  •  mrmikal
  • | Joined Mar 2006 | Status: Pip Samurai | 975 Posts
The trailing stop is a client-side mechanism that updates the SL which is a server-side mechanism. The trailing stop on MT4 merely updates the stop loss after the first move in your favor.

So, for example, let's say you have a long position in the GBPUSD at 1.9300 and a trailing stop set for 5 pip trails. Once the price moves 5 pips to 1.9305, your trailing stop on MT4 sets the SL of that long order to 1.9300. Let's say at that point you lose your connection and the price moves 100 pips in your favor...well, your SL is still at 1.9300. So, if the price were to keep going in your favor, then no big deal, but if the price comes all the way back down to 1.9300, you'll get stopped out automatically since the SL resides on the server.

Quoting Shadders
Disliked
Sorry to bring up an old thread but I think this needs clarifying.

Let say I buy at 1.21050 with a 20 pip trailing stop. price then moves to 1.21090 so my trailing stop is at 1.21070. Easy so far...

If I lost connection to the server do I still have a stop order entered at 1.21070? Or do I have no stop order at all?

I can live with it if the trailing stop doesn't keep updating the order if the price continues to increase but if the actual order itself resides client side then you lose your protection!

If that's the case would you have a normal stop as a backup in addition to your trailing stop? Can you even do that? I've tried setting a stop then setting a trailing stop but I can't tell if the original stop is still in place.
Ignored
 
 
  • Post #5
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  • Mar 7, 2007 8:52am Mar 7, 2007 8:52am
  •  amenlo9
  • | Joined May 2006 | Status: Member | 600 Posts
Min Trailing stop is 15pips,is it possible lower it?
 
 
  • Post #6
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  • Mar 7, 2007 9:39am Mar 7, 2007 9:39am
  •  blueruby
  • Joined Feb 2007 | Status: Stock Broker, October 1987 | 1,299 Posts
Quoting Shadders
Disliked
Sorry to bring up an old thread but I think this needs clarifying.

Let say I buy at 1.21050 with a 20 pip trailing stop. price then moves to 1.21090 so my trailing stop is at 1.21070. Easy so far...

If I lost connection to the server do I still have a stop order entered at 1.21070? Or do I have no stop order at all?
Ignored
The answer is YES, you do have a stop (at least, if you use interbank, this is true. I'd assume other MT platforms are the same, to be on the safe side), but only because the order went in your direction by the t/s amount +1.

THE point is, had you opened that position, set the 20 pip t/s, and the price did not go up more than 21 pips, you would not have ANY stop order in place.

Ran across this yesterday: http://www.interbankfx.com/trailing_stops.php

You must first set a normal stop. Then add the trailing stop.
 
 
  • Post #7
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  • Mar 7, 2007 10:30am Mar 7, 2007 10:30am
  •  mrmikal
  • | Joined Mar 2006 | Status: Pip Samurai | 975 Posts
Dude, it was an example...

Minimum trail is set by the broker.

Quoting amenlo9
Disliked
Min Trailing stop is 15pips,is it possible lower it?
Ignored
 
 
  • Post #8
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  • Last Post: Mar 7, 2007 11:07am Mar 7, 2007 11:07am
  •  qiktrader850
  • | Joined Feb 2006 | Status: Member | 26 Posts
I have a MT indicator that is supposed to show current day high and current day low but it doesn't work correctly. Does anyone have one that works correctly (currently the one I have shows high and low of each 5 min bar)?
 
 
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