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.
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.
When the Stop Loss or Take Profit is hit then the EA will close the order automatically.
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.