VTL Tight Trailing with profit target

This VTL script will run on server to monitor all opened positions. It will open managed SLTP order for each open positions with given TargetProfit and TrailingStop settings. After that it will start trailing the stop loss or close position with profit given in ScalpPips variable.

To use scalping option UseTightStop should be True and to use Trailing UseTrailing variable should be True. User can change all of these values from User Defined Variable secition in line 22 to 28.

Please be informed that these values must be higher than Stop Offset for every client, usually its over 20 point. So keep TrailingStop and TargetProfit value more than 20 so that the script properly (You have to mind your StopOffset and Limit Offset from the dealing room).

This tight trailing has following features:

1. Trailing Stop Loss for one open position
2. Trailing Stop Loss for any currency pair
3. UseTightStop – Close Position with profit of ScalpPips
4. Open managed order just after opening a position with SL and TP

Usage

• Download the attachment.
• Copy it to your company VertexFX  Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Files
• Restart your Client Terminal or Right Click on “VTL Server Scripts” Tree Node to find the script.