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Broker with a pip by pip trailing stop

  • #21
  • Jul 27, 2015 11:27am Jul 27, 2015 11:27am
I don't really get you through, every broker has trailing stop intergrated in their MT4 platform.

Quote
Rather a trailing stop that is activated by the broker side and just follows along as per your specs. For example if you have a 50 pip stop loss and you buy eur at 1.43 and you have a trailing stop loss at 1.4250. Price goes up to 1.4310 but then nose dives to 1.4230. You lose 40 pips instead of 50 (with a static stop or a trailing MT4 stop).

What you describe works same with Trailing Stop of MT4 platform.
  • #22
  • Jul 28, 2015 8:48am Jul 28, 2015 8:48am
Quoting Ezreal
I don't really get you through, every broker has trailing stop intergrated in their MT4 platform. {quote} What you describe works same with Trailing Stop of MT4 platform.
Where can I find the trailing stop function in the Android version?
  • #23
  • Jul 28, 2015 12:50pm Jul 28, 2015 12:50pm
Ezreal: The trailing stop IS a function of (desktop) MT4 by default, but many brokers disable some functions, like this one. So you have to check with each broker's MT4 to know. And even if you use the default MT4 downloaded from metaquotes, it won't work if broker doesn't want it to work.

There are other functions often disabled, the most being the ability to close a trade by another one: If you happen to have a long and a short trade on the same pair, by default, you can close one by the other, but brokers disable it, so you have to pay again the spread by closing each trade.


PipsPlay: If I'm not wrong, there's no trailing stop on the Android version. And even with the desktop version, you have to have MT4 running, so not the most convenient thing with your android device. Your best option is a VPS with the desktop version, and you setup your trailing stop here. You can access the VPS with your android device, or you can still trade from the Android version at the same time.
  • #24
  • Jul 28, 2015 1:25pm Jul 28, 2015 1:25pm
Quoting PipsPlay
{quote} Where can I find the trailing stop function in the Android version?
I am not sure that Android version of your broker platform has TS function, but I think you should trade on a computer (PC, notebook) for full equipments.

@Mevo: the new it's new to me, but actually the TS function of my broker MT4 platform works on my side.
  • #25
  • Last Post: Jul 29, 2015 8:07am Jul 29, 2015 8:07am
Quoting Mevo
PipsPlay: If I'm not wrong, there's no trailing stop on the Android version. And even with the desktop version, you have to have MT4 running, so not the most convenient thing with your android device. Your best option is a VPS with the desktop version, and you setup your trailing stop here. You can access the VPS with your android device, or you can still trade from the Android version at the same time.
Quoting Ezreal
{quote} I am not sure that Android version of your broker platform has TS function, but I think you should trade on a computer (PC, notebook) for full equipments. @Mevo: the new it's new to me, but actually the TS function of my broker MT4 platform works on my side.
Thank you both.
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