Virtual Sl Tp and trailing Sl MT4

Stop Loss modes (4 types):

1. Fixed Stop Loss - Classic fixed SL defined in points.
2. Trailing Stop Loss - Standard trailing following the price.
3. Trailing to Breakeven - Stop Loss moves to the trade open price once profit conditions are met.
4. Trailing by jumps (advanced mode) - A multi-step trailing algorithm:
1. When profit reaches TRSL_1, SL moves to breakeven
2. When distance from price to breakeven reaches TRSL_2, SL moves to lock TRSL_3 profit. This method is very effective and tested on multiple trading strategies. The full algorithm is illustrated in the screenshot below.

Additional features

• Works with all trades on the symbol or only with selected Magic Number (for EA usage)
• Optional virtual Take Profit
• Ability to draw SL/TP levels as visual lines on the chart
• Main settings can be changed directly from the panel
• Optional “live SL”: a real broker SL placed further than the virtual one (extra protection)

Quick Start

1. Attach the panel to a chart
2. Enable AutoTrading and allow trading permissions
3. Choose Stop Loss mode and parameters
4. Open a trade (manual or EA)
5. Virtual SL/TP levels are monitored by the panel

Important:

1. Virtual levels work only while the terminal is running. Using a VPS is strongly recommended.
2. After change settings - Press button "RESET"
   

FAQ

Q: Why SL / TP is not visible on the broker side?

A: Because the levels are virtual and stored in the terminal memory.

Q: Will it work if I close MetaTrader?

A: No. Virtual SL/TP requires the terminal (or VPS) to be running.

Q: Can I use it with an EA?

A: Yes, via Magic Number filtering.

Q: Is exact execution guaranteed?

A: Small deviations are possible due to spread, slippage, and execution speed.