Risk Management through stop loss and take profit is very important to be profitable. To avoid the stop hunt practice used by some shady brokers you can use Ghost Stop Loss And Take Profit so the broker doesn’t know where your SL and TP are.
What Is The MT4 Ghost Stop Loss And Take Profit EA
MT4 Ghost Stop Loss And Take Profit EA is an expert advisor that can manage your orders Stop Loss and Take Profit.
In particular, this Expert Advisor can use two parameters to close your trades when stop loss or take profit are hit.
In some cases brokers try to trick traders, and if they know where your stop loss and take profits are they have it even easier.
MT4 Ghost Stop Loss And Take Profit EA allows you to have Stop Loss and Take Profit hidden from your broker.
Why Is The MT4 Ghost Stop Loss And Take Profit EA Useful
Risk Management is one of the most important aspect in trading.
Having a Stop Loss will protect you from margin calls and big losses.
Shady brokers don’t always want you to make money.
Normally your Stop Loss and Take Profit are submitted with the order so the broker knows what those values are.
This EA Allows you to keep Stop Loss and Take Profit hidden from the broker
There are several advantages of using MT4 Ghost Stop Loss And Take Profit EA:
- Filtering options to select which trades to manage
- Same Stop Loss and Take Profit for multiple orders
- Stop Loss and Take Profit hidden from the broker
- It doesn’t require human interaction
- Limit Losses
- Secure Profits
- Notifications when a trade is closed
How To Download And Use Hidden SL and TP EA
You can Download the Expert Advisor with the link at the bottom of this page and install it following the below instructions.
The DEMO version only works on the AUDNZD pair.
The installation is very easy to perform, same is the use.
Once you run the Expert Advisor you can set the necessary parameters.
Make sure you enable the Live Trading in the MT4 Options or the EA will not be able to trade.
MT4 Ghost Stop Loss And Take Profit EA Installation
To install the EA please follow the instructions below:
- Download the EA file
- Open the Metatrader Data Folder (In File > Open Data Folder)
- Open the MQL4 Folder
- Copy the file in the Experts
- Restart Metatrader
For more detailed instruction on how to perform the installation please visit this article.
Please feel free to leave a feedback regarding the indicator or Contact Us for anything else.