Trailing

Trailing is a powerful VertexFX client-side Auto Trader used to implement risk management and trade management in the current user account. Risk management is a critical component of trading and when employed accurately it reduces risk and enhances profitability.

There are three components of this expert advisor, TakeProfit, StopLoss and Trailing. Trailing EA Maintain the Takeprofit and StopLoss hidden in the terminal so no one can see it and misuse it. The expert advisor continuously monitors all open positions. When the open profit of a position is equal to TakeProfit points or greater, the position is closed at market. For example, if the value of TakeProfit is set to 200 points, then the open position is closed if its profit is 200 points or more. Similarly, when the open loss of a position is equal to StopLoss points or greater, the position is closed at immediately. The Trailing Stop is applicable only to profitable open positions. When an open position is in profit of Trailing points, its stop-loss is moved to break-even, which is the entry price. As the profit increases by one point, the stop-loss is moved by one point in the profitable zone. Thus, the position is protected from adverse movements when it is profitable.

Important Note: Please make a note that this Expert does not open any buy or sell order it comes in to action when any order is placed to control the profit and loss.

Configurable Inputs
1. TakeProfit –The profit target in points, which when reached, then the open position is closed.
2. StopLoss – The maximum loss in points, which when reached, then the open position is closed.
3. Trailing –The trailing stop in points when the stop-loss trails a profitable position.

Usage

• Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
• Copy it to your company VertexFX Local VTL Files folder i.e. C:ProgramDataVertexFX Client Terminals”Company name”VTL10Local VTL Scripts
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.