Advanced Stop Loss (trailing stop loss and move to break even)

New advanced protection functionality is available in this release. For every position you can choose one of two protection strategies:

Trailing Stop Loss

Trail your Stop Loss as markets move in your favour. Set it to be active after a set number of PIPs gained and follow the market at a defined distance from current prices. Make the most out of your trading activity, by protecting your profits

Move Stop Loss to Break Even

Set a number of PIPs gained to activate it and move Stop Loss to Break Even point in order to protect your position.

Both protection stategies are implemented in on the client side, so cTrader must be running and connected to the server for Advanced Stop Loss to work properly.

New version with Advanced Stop Loss is released on our demo (can be downloaded from www.spotware.com )

RE:

Nice!

Hi,

it's a very nice feature though I was hoping the Spotware team had made it a default choice under "Order Execution Settings". The market is as we all know fast moving and in some cases there is not time enough to change the traling manually. There is also the risk of making errors changing this with every positions. A deafult setting of the trailing is needed but this is defenitely in the right direction.

Is there an API calls for this?

I didn't see any new Methods/Properties on the Position class.

We don't have and do not plan to provide such API for now.

Dear Sir,

I want to use a trailing stop orders in wait, how? Trailing stop with orrders by sell stop or buy stop in Orders Tab cTrader.

?

Please help me!

Thanks and best regards!

Hello,

We will have Protection Settings for Pending Orders in the future, as we have now for positions. 

thanks

Are there plans to implement trailing stop at the server side?

There are plans for it but we cannot provide an ETA at the moment.

RE:

Hi Spotware, Do we have an ETA when we will have Protection Settings for Pending Orders.

A lot of the Ctrader users are retail traders and we don't have the luxury to sit in front of the trading software from work. It would be really helpful if we can implement the aforesaid feature.

If the feature is unavailable in the near feature, if you guys can come up with a CBOT code that simulates the feature, that would be great.

Something like a CBOT that monitors any open positions and provide the trailing features based on the user input parameters.

Spotware said:

Hello,

We will have Protection Settings for Pending Orders in the future, as we have now for positions. 

thanks