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vStore   VTL Plugins Free VTL Trailing Stop

VTL Trailing Stop

This script is a VTL server side script. It will monitor all open 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. User can change these values from User Defined Variable section in line 22 to 28

Please be informed that these value must be higher than Stop Offset of the specific broker, usually its over 20 point. So keep TrailingStop and TargetProfit value more than 20 to work the script properly.&

This trailing stoploss has following features:

  • Trailing Stop Loss which is chart specific.
  • AllPositions - Trailing Stop Loss which is account specific attach to any chart and it will modify stop loss on all trades.
  • ProfitTrailing - Modify only trades that are in profit.
  • ProfitTarget - Setting this value other than 0 will disable trailing and close trades that reached this target.

Usage

  • Download the attachment.
  • Copy it to your company VertexFX  Local VTL Files folder i.e. C:\Program Files\Company Name\vtl10\Local VTL Scripts\
  • Restart your Client Terminal or Right Click on "Local VTL Scripts" Tree Node to find the script.
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23 July 2014
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