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Re: Requests & Ideas (MT5)

logicgate, Thu Apr 08, 2021 8:06 pm

Hi there guys, here another idea. I came across this virtual trailing stop indicator which I found very interesting, here is the description:

"Virtual trailing can place stop loss and take profit, and trail the position in such a manner that stop orders are not visible to broker, i.e., they are not place with your dealing center, but on your PC; so nobody, except of your PC and yourself, can see your plans.

Along with the invisibility, there is another very useful thing: Many brokers have very large spreads and the levels of placing stop orders, so now these levels cannot harm you, the EA just ignores them."


So my idea would be a virtual PSAR trailing stop which I Think is still the best method of trailing, the one which milks the most profits out of a trade when you are away from the computer. Setting trailing length and step is a guessing game. So combining the code of the PSAR with the virtual trailing stop would give us a virtual trailing stop where the input parameters are of the PSAR and we don´t need to set stop length nor trailing step values, only the PSAR inputs . Attaching the codes here in this post.

Best regards
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