My Gift Script for this Forum: Hide TP and SL to Brocker very Simple to use!

[mograst]

Hi,

this is my gift for all forum members. This is for manual Traders.

 

This is a script so put it into the /expert/scripts/ Folder

 

Once you have open a trade (manually) just drag&drop the script on that chart. You will see 2 lines TP (green) and SL (red) Now double click on those lines to move/adjust your SL/TP wherever you like. They are hidden. The broker cannot see it.

 

 

Have Fun!

 

Please say Thanks if you like this

 

hxxp://[email protected]/709111

[4xmeter]

Honestly, It is an illusion, simply a mirage!

 

Just think about it in a business perspective.

[eric07]

Wow...Thank mograst. very usefull

[Roels Major]

Thank You....

Could You Re upload the link...Please...

Edited August 8, 2010 by Roels Major

[rover666]

the link working

[JimJamBonks]

4XMeter is right - it is an illusion. Stops are not 'taken' out of individual traders account because brokers can 'see' them in the orderbook but because the major players know where the bulk of retail traders will place their stops based on price structure and how the 'herd' operate in that structure. This knowledge allows them to make movements to hit those areas. Some call this manipulation but it's a firm reality in the markets - and always has been. Hiding that in a script will not help I'm afraid as it will still be triggered when the script sees that price touched.

 

When I started trading I used to get my stops hit all the time and then watch it turn around the way I'd first guessed. I thought 'they' were out to get me - until I realised that I was being played for being predictable like most retail traders.

 

It helps to understand the microstructure of the markets and how on and off book limit orders provide liquidity and how market orders and stops fuel movement. It's actually quite complicated stuff that is rarely talked about but Larry Williams did what is regarded as the foremost study of it here:

 http://www.amazon.com/Trading-Exchanges-Market-Microstructure-Practitioners/dp/0195144708 

 

As I said, it's complicated so most people won't trouble themselves with the effort and will rely on red & green lights to do their trading. Sorry if this sounds arrogant but the market needs plenty of these people to function. ;)

Edited August 8, 2010 by JimJamBonks

[daveg1]

New link

 

hxxp://[email protected]/YIE3FQV8CJ

[mograst]

4XMeter is right - it is an illusion. Stops are not 'taken' out of individual traders account because brokers can 'see' them in the orderbook but because the major players know where the bulk of retail traders will place their stops based on price structure and how the 'herd' operate in that structure. This knowledge allows them to make movements to hit those areas. Some call this manipulation but it's a firm reality in the markets - and always has been. Hiding that in a script will not help I'm afraid as it will still be triggered when the script sees that price touched.

 

When I started trading I used to get my stops hit all the time and then watch it turn around the way I'd first guessed. I thought 'they' were out to get me - until I realised that I was being played for being predictable like most retail traders.

 

It helps to understand the microstructure of the markets and how on and off book limit orders provide liquidity and how market orders and stops fuel movement. It's actually quite complicated stuff that is rarely talked about but Larry Williams did what is regarded as the foremost study of it here:

 http://www.amazon.com/Trading-Exchanges-Market-Microstructure-Practitioners/dp/0195144708 

 

As I said, it's complicated so most people won't trouble themselves with the effort and will rely on red & green lights to do their trading. Sorry if this sounds arrogant but the market needs plenty of these people to function. ;)

 

the problem is not that the broker can or cannot see your SL/TP. The problem is that they - the brokers - and the bigger brothers "knows" or suppose where retail traders put there SL/TP due there support/resistance pivots' etc. etc. plus they can see where retailers put limit orders etc. Mixing this, and other, to me uknown, stuff together they have a predictable way to know wherer most of SL/TP orders are.