Do Virtual Stops work with Multiple Level Trailing Stops?
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Ignore this. I solved it.
Hi,
I'm testing an EA and need to use virtual stops in order to get around the broker settings.
The EA has two levels of stops, those that are set below the entry and a Multiple Level Trailing Stop that it starts when the trade is in profit.
What I'm finding is that the virtual stops below the entry work fine but the trailing ones above it don't.
Should this work or is this a bug with Virtual Stops and the Multiple Level Trailing Stop?
If it's a bug, are you able to fix it?
Many Thanks!
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As you know, bugs are always around. I can't tell what it is, I guess you may provide some example project that it shows the problem, so I can investigate it and fix it if something is wrong.
Otherwise the virtual stops are simply horizontal lines. On every tick one special function is called, and the code in this function looks at these lines and compares them with the current price. If the price is beyond some line, the trade that "owns" the line is closed. In theory everything should work almost the same, especially when backtesting.
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@camhawk, I had the same question. can you provide any insight into your solution? I know it's been a while.
Also, love the podcast.
