Hide your Stop Loss And Take Profit with this Expert Advisor. Hunting your Stop Loss is a dirty practice that happens with some brokers. Basically the broker will “manipulate” the price so that it will hit your stop loss and cause your order to close. This practice can be avoided in some ways. One way is to use a hidden stop loss and take profit EA for MT4. In this article you will see how to keep your stop and target hidden from your broker.
Stop Loss Hunt
You might think that your broker is your friend but sometimes brokers can be not very friendly.
Some brokers in fact use a tactic called “Stop Loss Hunt”.
This strategy consists in the broker manipulating the price in order to hit your stop loss.
This practice requires you to set a stop loss price for the order, which means that the broker knows it.
I am not saying the all brokers do this however it is likely that some do.
Hidden Stop Loss And Take Profit EA For MT4
One way to avoid the broker to use this dodgy practice is to hide your stop loss from it, but how do you do that?
You have two ways to hide your Stop Loss:
- Have your Stop Loss in mind and trigger it manually when the price hits it
- Use an Expert Advisor that monitors the price and triggers the closure of the order when the stop loss is hit
MT Ghost Stop Loss And Take Profit EA is an expert advisor where you can set a the Stop Loss and Take Profit for your order keeping it secret.
The Stop Loss and Take Profit are not saved in the MT4 order but only in the EA.
In this way the broker will not be aware of the Stop Loss and Take Profit set.
This Expert Advisor has several options and is very easy to use.
MT4 Ghost Stop Loss And Take Profit EA Features
Ghost Stop Loss And Take Profit EA has several important features that will help you achieve your goal.
Hidden Stop Loss And Take Profit
The Stop Loss and Take Profit are not visible to the broker.
You can set Stop Loss and Take Profit as a distance (in points) from the open price.
Filtering Options
You can select to apply the Stop Loss and Take Profit by Magic Number, so that they will be applied only to the matching orders.
This allows to have all your orders managed by the same rule.
Auto Close
When the Stop Loss or Take Profit is hit then the EA will close the order automatically.
Notifications
You can have notifications enabled for when an order is closed.
Conclusion On Hidden Stop Loss And Take Profit EA For MT4
Avoid being tricked by your broker.
Don’t let them hunt your Stop Loss. Hidden Stop Loss and Take Profit EA for MT4 allows you to hide your TP and SL from your broker, so they can’t play games.
hi , when i try to set a order number in o/m and save , return me always error line order or magic numb not valid , o_O why ??
thankz for EA
Thank you for the message,
Please send me some screenshot with error and settings
Luca
so i resolve a problem , when insert a ordernumber before a number i must insert a word O
but now i notice this , probabaly i do some mistake i set order Oxxxxxx aactive them , and active close , but not close order
this is a link of foto
http://oi64.tinypic.com/33u7urc.jpg
this is my mail, faustf@mail.com for have a fast reaply
thankz
no sorry work perfect , i did do a bad copy of order sorry again
work good tahnkz again for EA
No problem, glad there is no issue
Do you have the one that work on all currency pairs? This one seems to work on AUDNZD pair only.
Hi Abel,
The demo works with AUDNZD, the full version works with all pairs.
Luca
Hello,
so with the Demo, I can trade real with the AUDNZD make some money and buy later?
is it that simple?
You can use the demo as much as you want on the allowed pair
Hi can this EA combine on MT4 chart with other EA’s?
Hi Paul,
MT4 only supports one EA per chart, if you need two different EAs to manage the same pair you can load two charts and mount them separately.
Luca
Hi! It looks a very interesting tool! I have one question… suppose i put a pending order but i decided my SL will be 500 points. It will be able to manage my order correctly when executed or it will monitor just open orders?
Hi Raphael,
Once the order is open the EA will monitor for the price and close the order when the price is at the set distance from the open price, so it doesn’t really make a difference if it is a market or pending order.
Luca
is there a guide or how to use the tool after download i just enter in the stop loss and take profit or is there a specific way to access ea
Set the stop loss and take profit distance from the open price and the EA will close the order automatically, make sure to see “MONITORING ENABLED”
There are some filters that you can set to apply the EA to only some orders or magic numbers.
Hi, I am getting ready to purchase the EA but would like to know if this hidden EA also works with a Trailing Stop. I use the Trailing Stops on all of my orders and want that to be hidden as well. Thanks in advance for your assistance.
Hi Nichole,
Sorry, this EA is to set close the orders only, it doesn’t do trailing stop
Luca
So you need to have two charts open for the same pair, to be able to use trailing stop EA and ghost SL and TP EAs?
Correct, because MT4 only accepts 1 EA per chart
Hi,
Can it works in many layers?
How about if the computer shutdown?
If for many layers you mean partial close, no, it only has one target.
The Metatrader client must be on in order for the tool to work