- How to close a running trade on my account that is connected to a signal
- Is it possible to implement a RELIABLE accounting of the aggregate position structure in MT5?
- Trouble, lost connection causes close order
Hi,
In such cases, you need to use shared hosting. Check out the help on the VPS page.
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VPS is best for when trading via an automated EA, but NOT necessarily for when manual trading! (Also you cannot use MQL VPS for manual trading, only for EAs).
However, using a Stop-Loss and Take-Profit will ALWAYS at least offer some protection, even if you are unable to connect. Ideally you should use a Trailing-Stop during the life of the order while still connected, which will then act as a protection Stop-Loss when the connection is lost.
Also, you can use a mobile app connection if possible, to handle the order, should you desktop not be able to connect.
VPS is best for when trading via an automated EA, but NOT necessarily for when manual trading! (Also you cannot use MQL VPS for manual trading, only for EAs).
However, using a Stop-Loss and Take-Profit will ALWAYS at least offer some protection, even if you are unable to connect. Ideally you should use a Trailing-Stop during the life of the order while still connected, which will then act as a protection Stop-Loss when the connection is lost.
Also, you can use a mobile app connection if possible, to handle the order, should you desktop not be able to connect.
If you have many trouble with your connection VPS will be a good solution.
But you can have there also trouble.
To prevent your account during EA Trading you should implement the SL for every Trade. TP will also be fine ;)
So your account will always be save and your definitions are clear!
In minimum the SL should be placed during EA Trading everytime.
Just my 50Cent ... Everybody can take his own risc ;)
- The pending has the slight advantage, A) you are closer to the top of the queue (filled quicker), B) there's no round trip network delay (filled quicker.)
- Don't worry about it unless you're scalping M1 or trading news.
- Humans can't watch the screen 24/7, so they use pending orders; EAs can, so no need for pending orders, have it wait until the market reaches the trigger price and just open an order.
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