Virtual SL TP Trailing

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Introduction​

In the saturated world of trading robots, Virtual SL TP Trailing aims to provide traders with a more controlled method of managing trades. This review puts the robot under the microscope, evaluating its effectiveness based on user feedback and performance metrics. Spoiler: we're not easily impressed.

Description of Features​

Virtual SL TP Trailing offers a suite of functionalities to assist traders:

• Stop-Loss (SL) and Take-Profit (TP) Configuration: Manually set SL and TP levels for trades.
• Automatic Trailing Stop: Adjusts the stop level dynamically as the trade moves in your favor.
• Virtual SL/TP: Keeps SL and TP hidden from brokers, providing a layer of protection against broker manipulation.

However, any tool should be easy to use. User Dang The Anh raised the issue of needing guidance on installation and manual entry. This is a red flag for user-friendliness.

Performance Analysis​

Detailed performance statistics for the last year are available on the official site Virtual SL TP Trailing Performance Stats.
While the robot shows promise in volatile markets, it's a mixed bag in stable conditions. The trailing stop mechanism does provide some benefits, but don't expect magic.

Pros and Cons​

• Pros:
  • Customizable SL and TP
  • Virtual stop-loss and take-profit for anonymity
  • Automatic trailing stop for dynamic trade management
• Cons:
  • Complex installation process
  • Mixed performance in stable market conditions
  • Limited support and documentation

Source Code of Virtual SL TP Trailing​

The exact source code of Virtual SL TP Trailing sold on MQL5 isn't available, but we can create a similar algorithm based on its description from the website. If you have questions about the code, feel free to ask. Note that this is a sample code from easytradingforum.com, created based on the MQL5 description. The EASY Trading Team does not sell the Virtual SL TP Trailing robot.

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Conclusion: Download Virtual SL TP Trailing Trading Robot​

In summary, Virtual SL TP Trailing is a competent trading tool with its fair share of ups and downs. It's crucial to proceed with caution, test it thoroughly, and share your experiences on our forum. The more we discuss and evaluate tools like these, the better traders we'll all become.