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How to setup stealth TP & SL values in VTC?

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The latest version of the visual trading console (VTC2) supports stealth take profit and stop loss placement, which is done via trade manager profile using Multi-level Profit Taking and Multi-level Stop Loss settings.

First, you need to set up a new trade manager profile using the Trade Manager Profile Editor tab. In this example, I’ll be using a 50 pip stop and a 150 pip take profit level, so the settings will look like this:

stealth_TP

stealth_SL

The general idea is to close out 100% of our trade at +150 pips of profit or -50 pips of loss. Whichever comes first.

Next, you need to save your new profile. To do this simply type in the profile name i.e. “Stealth stops 150/50” and click Save.

stealth_save_profile

Now that you have your stealth stops profile ready, you may utilize it in your trading, either by automatically applying this trade manager profile to all new trades, or manually adding it to trades of your choice.

Of course, you can set up several different stealth stop profiles and use different settings for various trades.

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Comments

  1. Paul  March 12, 2013

    Hi,

    Would it be possible to put in a ‘false stop level’ as other applications do this so the brokers actually ‘see’ a stop but at say 100 pips or more but when the profile is activated, obviously it would close us out at -50 or +150 so as an example:
    Stealth Levels Settings:
    1. ‘False’ Stop Level In Pips/Price say 150 Pips
    2.Optional ‘False’ Take Profit of say 250 Pips
    3.Real Stop say 50 Pips
    4.Real Take Profit say 150

    So when the above is activated, the broker thinks the stop is way up at -150 and we are staying till +250 TP – Then if either of our ‘REAL’ levels are hit, VTC does the business and closes us out for our profit or stop….

    Hope this is useful,

    Paul

    reply
    • admin  March 13, 2013

      Yes, this can be done by additionally setting the Initial SL/TP values for the trade manager profile as shown on the illustration below:
      initial false stop setting

      reply
  2. JJ  May 17, 2015

    Hi,
    Is it possible to combine Stop losses together?
    Lets say I have 5 orders opened in the same which have been entered using scaling into a position strategy and the trades are profitable, but it is too much hustle to manually adjust stop loss for every trade separately. Is there a way how to “combine” stop losses for easier manipulation?

    Rgds,
    JJ

    reply
    • admin  May 20, 2015

      Are you looking to set the same price as the SL value for your order group, or are you looking for a group break even feature on a group of scaled in orders?

      reply
  3. JJ  May 18, 2015

    Hi guys,

    I have a slightly different question.
    Is there a way how to use Stealth mode and keep the initial SL and TP in place as they would be fake anyway?
    I am testing your program on a friends PC and every time I activate the stealth mode, the S/L and T/P disappears from the MT4 platform. I get the usefulness of this but what this basically means is when the MT4 platform goes down for what ever reason, lets say electricity and the price will turn against me, I will not by stopped out. And I will be taking a major losses if the move is aggressive.

    Is there a way how to set a S/L and T/P so they stay there even if the Stealth mode is activated?
    I mean, you can call this feature Safety S/L or T/P. This will be fake anyway as the stealth mode will be doing completely different things and that stop loss will be never reached.

    Also it should first activate the trade or order and be applied only after the trade is activated for the risk calculation is correct. What it will look like to broker is you will open order with 50 pip S/L your risk will be calculated correctly and after your trade has been triggered you have decided to move your S/L few pips lower.

    P.S. your captcha is weird, it only works sometimes.

    Rgds,
    JJ

    reply
    • admin  May 20, 2015

      A “dual stop” mode where broker visible stops will work as a fail safe system once you are using stealth stops will be implemented in version 3 of the product, which will be release soon.
      Currently you can do a workaround using the following technique: First setup your SL & TP levels visible to the broker and set your stealth stops via trade manager: Stealth Stops

      reply
  4. wb  July 27, 2015

    Hi,

    So just adding the word “stealth” to the name of the profile makes the stops stealth? I see no place at all in VTC3 to set stealth mode like in VTC2.

    thx

    reply
    • admin  August 7, 2015

      Stealth order can be initiated via VTC3 when you enable the stealth check-box of the selected currency pair. This is described in the document covering the quote box features. Additionally any running order can be switched to stealth mode by clicking on the “Enable stealth” item of the context menu for that particular trade. The context menu is activated by right-clicking on the selected trade on the Market Orders or Pending Orders grid.

      reply
  5. AndyB  March 14, 2016

    Hello

    I would like to know if it is possible to specify either bid or ask prices when placing stop orders, IE buying when “BID ≥ Stop” and selling when “ASK ≤ Stop” orders?

    Thank you for your support.

    Warmest Regards

    AndyB

    reply
    • admin  June 3, 2016

      Are you referring to stop & limit orders or to TP & SL values?

      reply
  6. Dave  March 21, 2017

    DaveC,
    I am just demo testing your VTC3 and it all has been running smoothly with really nice and intuitive UI.
    What I am missing though is an AntiSpike feature preventing trades from being stopped out on occasions when the price just rallies up or down but retraces back during the particular candle’s duration, ie. it would have traditionally hit the stop loss and closed the trade. But with this feature on, if the price doesn’t close above/ below the set stop loss price, such a spike is ignored and the trade is not interrupted.
    Where or how can I set this feature up? Without this I would prefer another SW Pro version that this enables.
    Thanks and keep up the great work.
    D.

    reply
    • admin  March 21, 2017

      Hi, This trailing type feature is currently not available, because by design the stop is committed to the market (placed with the broker). However, a few other customers requested this feature, so I will be adding this option to all trailing stops available in the console.

      reply

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