Virtual Trailing Stop

Virtual Trailing Stop is a powerful VTL Expert Advisor for VertexFX trading system which allow traders to work with a virtual trailing stop rather than a physical one. This EA works in a different way than the traditional trailing stop, which keeps updating SL values and closes the orders. The expert handles the trailing stop without actually updating the Stoploss and TakeProfit to the existing orders. It hides all the order-closing parameters from the terminal.

When a trader do not want to share order closing details with any one in such circumstances this EA can help the trader to do so. The EA hide all SL, TP and Trailing stop values from everybody even from the broker so that they cannot misuse them.

The expert checks the Order open price against the user set Stoploss and TakeProfit and closes the orders in virtual mode.

Configurable Inputs
1. TakeProfit(A common TakeProfit input set to all the orders)
2. StopLoss(A common StopLoss input set to all the orders)e
3. TrailingStop(Length of trail , 0 if no trail)
4. TrailingStart(when should be the trail used)
5. TrallB(Trall for BUY orders)
6. TrallS(Trall for SELL orders)

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.