Hidden Stop Loss Tool - Hide your Stop Loss from Brokers

[MechXTrader]

This tool helps you hide your stop loss from dishonest brokers. Simply plug in this tool, write your Stop Loss and it will handle and close trades without revealing your actual Stop Loss to your broker.

Parameters
SL.Price - Price of Stop Loss.
Order.Ticket - Ticket of a trade you wish to monitor specifically. Leave at -1 to handle all trades on this symbol.

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Hidden Stop Loss Tool

[FXexpert]

Does this tool work with all brokers ??

[Enivid]

Originally Posted by FXexpert

Does this tool work with all brokers ??

I guess it should be a MetaTrader broker for this tool to work.

[FXexpert]

Yes it seems like many trading tools & EAs only work with MT4, hopefully we can get more systems that work with other brokers!

[jimb12345]

i did not know you could hide this. i will have to try this. I know there are dishonest brokers this is what is so sad.

[Pinalli]

Where does the investor place his stop and limit orders respectively, determines the amount of risk he is taking up. It is advisable not to place your stop/loss orders too close to the normal market price, as a little fluctuation in the market, can then trigger the order. Likewise, limit orders should also reflect a rational hope of profits you are expecting, based on the market's trading activity. They should be set at the rate which is not overexposed to the trade, and also not too close to the market.
'Stop-loss' and 'limit' orders can lower an investor's exposure to risk by a large proportion.

[forexboy]

I'm confused, can somebody provide a better explanation.

[earn]

well i think stop loss is really good though you can project in your mind about what is your risk taking capabilities

[Pinalli]

Originally Posted by forexboy

I'm confused, can somebody provide a better explanation.

What you found confusing in my post? Let us know what your understood and what not so that we all can help you.

Regards

[JHayzament]

Can somone please explain more about how this works?