AutoStop
is a powerful Client side VertexFX VTL expert advisor for VertexFX trading
platform. This EA helps traders to place many order in a very short time by
adding the preset Take Profit and Stop Loss values to the opened orders. It
will save much time for the trader when he want to work with a strategy that
uses a predefined same distance values of Take Profit and Stop Loss in pips for
all the orders in the selected currency pair.
Once the order is placed It automatically sets a pre-set
Take Profit and Stop Loss on all the orders that lacks the selected stop
(orders without SL/TP or both). The trader only need to open orders without
having to calculate your stops and no matter how many orders you have opened
the EA will set StopLoss and Take profit as long as the EA has attached on the
currency pairs chart.
For pending orders, the EA waits to till they hit and
exucte, then from that price it sets the Stop Loss and Take Profit using the
distances the traders had set on the EA through Parameters of the EA. The
expert calculates the StopLoss and TakeProfit using the below method.
The AutoStop calculate Stop Loss by subtracting the result of multiplication of Pre-Set SL value and Piploc from the Ask price. Whereas; The Take Profit is calculated by subtracting the result of multiplication of Pre-Set TP value and Piploc from the Bid price.
Configurable Parameter for AutoStop EA are;
1. MonitorTakeProfit( Auto updation of TakeProfit while true)
2. MonitorStopLoss(Auto updation of the Stoploss while true)
3. TakeProfit(A common TakeProfit input set to all the orders)
4. StopLoss(A common StopLoss input set to all the orders)
1. MonitorTakeProfit( Auto updation of TakeProfit while true)
2. MonitorStopLoss(Auto updation of the Stoploss while true)
3. TakeProfit(A common TakeProfit input set to all the orders)
4. StopLoss(A common StopLoss input set to all the orders)
Please make a Note that this EA does not place any buy or
sell Orders and it is strongly advisable to use each and every EA on demo
account for some time and then put it with live account after confirmation.
To
use AutoStop expert advisor download it from here, then place it at VertexFX
VTL directory:
C:\ProgramData\VertexFX
Client Terminals\"Company name"\VTL10\Local VTL Files
Then
right click on the tree and select refresh or restart your client station and
you will find under VTL local scripts in
your client terminal.
You
can check this video that talks about AutoStop expert advisor: