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    cTrader Advanced Forex Protection


    14-Day Refund Option (Read Policy)

    The cTrader platform does not have an automated advanced protection feature for trades that open in the future, this tool will protect your exposed positions while you are away from your desk. There are 5-take profit targets, a break-even stops, trailing stop loss and stealth stops. This tool also allows single or multiple symbol management or to attach to specific trading systems using the position label.

    * Forex Symbols Only, Version 1.3.0

    Any questions?  Join our Live Chat Support and read our Licensing Terms

    £19.99
     

    ClickAlgo Safe Buy

    Our version of the Advanced cTrader Forex protection tool will protect all of your positions created manually, by automated trading systems or when a pending order becomes a position. The protection this tool offers is listed below and can be applied to a single symbol or all symbols, you can also apply the protection to an automated trading system by its label name.

    • Single protection.
    • Attach the protection to an existing automated trading system.
    • Attach protection to any manual trade by the comment.
    • 5 Take Profit targets with % volume close.
    • A break-even stop-loss.
    • A trailing stop-loss.
    • A steal stop-loss to hide from the broker.
     

    cTrader Advanced Protection Settings

    Logging: is this is set to YES then in the cBot log it will log all events that happen using this tool to manage your positions.

    How To Attach an ATS?

    An ATS is short for an automated trading system and this tool allows protection to your existing systems by using the unique label name. To use this feature you need to open positions with a unique label in your ATS, all of our products already do this, to attach protection to an ATS, you need to turn this feature on as well as enter the label name for the positions that need to be protected. This feature can be applied to all ClickAlgo automated trading systems.

    How To Attach an MT?

    An MT is short for Manual Trade, you will be able to set a unique comment name in the risk tool and when you submit a new order manually as long as you enter the same name in the comments field it will be managed by this tool so that only specific trades will be managed.

    How Do The Take Profit Targets Work?

    There are 5 take profit targets which allow a position to close a percentage of its volume when pre-set pip targets are reached, you can use just a single target or up to a maximum of 5, to turn a target off you just set the Target (pips) to zero and to completely close a position just set the Close % to 100.

    Example Setup

    An example setup would be where a position closes 50% of its volume when a position reaches 10 pips in profit and then closes 100% of the volume when the position reaches 20 pips in profit, as all the volume is closed the position will close.

    Take Profit Target #1

    • Target 10 pips
    • Close 50%

    Take Profit Target #2

    • Target 20 pips
    • Close 100%

    Take Profit Targets #3-5

    • Target 10 pips
    • Close 0%

    How The Break-Even Stop Loss Works?

    The break-even stop loss used is a standard feature with all our trading systems, it will be activated when any position is x pips in profit and the stop loss will be moved to a financial break-even if the extra pips are left at the default value of zero.  A financial break-even covers all the fees involved from the broker when an order is filled.

    • Extra pips: this is additional pips the stop loss will be moved in profit past the entry price to lock-in extra profit.

    How The Trailing Stop Loss Works?

    The trailing stop loss feature is activated when the gaining pips reach the trigger value,  the stop-loss will be moved x pips behind the price as defined in the Steps (pips) setting and as the price moves in profit the stop loss trails behind this price and locks in the extra profit, once the price retraces the step pips and hits the stop loss the position is closed in profit.

    How The Stealth Stop Loss Works?

    The stealth stop loss feature is very simple, it just closes any position when it is losing x pips as defined in the stop loss setting. The stop loss is not sent to the broker, but instead stored in memory in the cBot and a request is sent to the broker to close the position instead. This feature will only work if your position has no stop loss.

    Watch a Video Explainer

    We have recorded a hands-on tutorial on how to use the client API with your trading system.

    Duration: 10-minutes - Watch full screen on YouTube

     

    cTrader Advanced Forex Protection Video

    How To Install

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

    How To Download Trial?

    We offer a 14-day trial for all of our products, you can either click on the link below the 'Add to Cart' button or the link below.

    Helpdesk Support

    If you cannot find the help you need on the product support page then submit a support ticket.

    Instant Chat Support

    If you want a speedy reply to your questions just post your questions on our Telegram chat group.

    Our version of the Advanced cTrader Forex protection tool will protect all of your positions created manually, by automated trading systems or when a pending order becomes a position. The protection this tool offers is listed below and can be applied to a single symbol or all symbols, you can also apply the protection to an automated trading system by its label name.

    • Single protection.
    • Attach the protection to an existing automated trading system.
    • Attach protection to any manual trade by the comment.
    • 5 Take Profit targets with % volume close.
    • A break-even stop-loss.
    • A trailing stop-loss.
    • A steal stop-loss to hide from the broker.
     

    cTrader Advanced Protection Settings

    Logging: is this is set to YES then in the cBot log it will log all events that happen using this tool to manage your positions.

    How To Attach an ATS?

    An ATS is short for an automated trading system and this tool allows protection to your existing systems by using the unique label name. To use this feature you need to open positions with a unique label in your ATS, all of our products already do this, to attach protection to an ATS, you need to turn this feature on as well as enter the label name for the positions that need to be protected. This feature can be applied to all ClickAlgo automated trading systems.

    How To Attach an MT?

    An MT is short for Manual Trade, you will be able to set a unique comment name in the risk tool and when you submit a new order manually as long as you enter the same name in the comments field it will be managed by this tool so that only specific trades will be managed.

    How Do The Take Profit Targets Work?

    There are 5 take profit targets which allow a position to close a percentage of its volume when pre-set pip targets are reached, you can use just a single target or up to a maximum of 5, to turn a target off you just set the Target (pips) to zero and to completely close a position just set the Close % to 100.

    Example Setup

    An example setup would be where a position closes 50% of its volume when a position reaches 10 pips in profit and then closes 100% of the volume when the position reaches 20 pips in profit, as all the volume is closed the position will close.

    Take Profit Target #1

    • Target 10 pips
    • Close 50%

    Take Profit Target #2

    • Target 20 pips
    • Close 100%

    Take Profit Targets #3-5

    • Target 10 pips
    • Close 0%

    How The Break-Even Stop Loss Works?

    The break-even stop loss used is a standard feature with all our trading systems, it will be activated when any position is x pips in profit and the stop loss will be moved to a financial break-even if the extra pips are left at the default value of zero.  A financial break-even covers all the fees involved from the broker when an order is filled.

    • Extra pips: this is additional pips the stop loss will be moved in profit past the entry price to lock-in extra profit.

    How The Trailing Stop Loss Works?

    The trailing stop loss feature is activated when the gaining pips reach the trigger value,  the stop-loss will be moved x pips behind the price as defined in the Steps (pips) setting and as the price moves in profit the stop loss trails behind this price and locks in the extra profit, once the price retraces the step pips and hits the stop loss the position is closed in profit.

    How The Stealth Stop Loss Works?

    The stealth stop loss feature is very simple, it just closes any position when it is losing x pips as defined in the stop loss setting. The stop loss is not sent to the broker, but instead stored in memory in the cBot and a request is sent to the broker to close the position instead. This feature will only work if your position has no stop loss.

    Watch a Video Explainer

    We have recorded a hands-on tutorial on how to use the client API with your trading system.

    Duration: 10-minutes - Watch full screen on YouTube

     

    cTrader Advanced Forex Protection Video

    How To Install

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

    How To Download Trial?

    We offer a 14-day trial for all of our products, you can either click on the link below the 'Add to Cart' button or the link below.

    Helpdesk Support

    If you cannot find the help you need on the product support page then submit a support ticket.

    Instant Chat Support

    If you want a speedy reply to your questions just post your questions on our Telegram chat group.

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