Hidden stoploss and takeprofit

[18081961]

Hi all,

 Could anyone clarify me if there any advantage to get the soploss anf takeprofit hide from brokers ?

 

Thank you in in advance

Luis 

[Simon Gniadkowski]

luisneves:

Hi all,

 Could anyone clarify me if there any advantage to get the soploss anf takeprofit hide from brokers ? 

IMO only if you have a bad case of Paranoia . . .  and if you do then you should see a professional about it.

[Ian Venner]

There are some benefits to doing this if your strategy is one that means your sl or tp levels change a lot during an open trade, if you manage them internally it could be a lot less OrderModify()'s.

[Simon Gniadkowski]

SDC:

There are some benefits to doing this if your strategy is one that means your sl or tp levels change a lot during an open trade, if you manage them internally it could be a lot less OrderModify()'s.

And some potentially huge disadvantages . . .  if your PC crashes or you lose Internet connection you have open trades with no SL/TP except for a margin call.

[Ian Venner]

You can do both internal SL management and a conventional SL some amount of pips larger as a failsafe.