Many forex robots available in the forex market don't support trailing stop functionality. We all know how useful is to have this functionality in our forex robots. Trailing Stop means more security. It also means that the robot will protect every positive trade and there is no chance a trade in a good profit to become a losing trade.
Forex Profit Defender is the exact tool you need in case that your forex robots don't have Trailing Stop functionality. We are going to explain how to use Forex Profit Defender to manage other robots trade and set Trailing Stop according to your needs and expectations.
99% from the forex robots have a parameter called Magic Number. This is a unique number which the robots use to determine its own trades. Thanks to this number you can easily configure Forex Profit Defender to follow these forex robots trades and set Trailing Stop to these trades. The only thing you have to do is to enter the magic numbers of your other forex robots in the following Forex Profit Defender settings:
- FollowMagic_1
- FollowMagic_2
- FollowMagic_3
Here is an example:
Our Forex Trend Hunter magic number is 159753. The magic number of Dynamic Pro Scalper is 654654. Here is how you can configure Forex Robot to follow the trades of these two robots:
FollowMagic_1 = 159753
FollowMagic_2 = 654654
Now Forex Profit Defender will watch Forex Trend Hunter and Dynamic Pro Scalper trades and set Trailing Stop to these trades. You can do this with any other forex robot available in the market. As we said almost all forex robots have Magic Number.
In case that this is not clear please comment below or contact us and we will help you.
How to use Forex Profit Defender to set Trailing Stops to other forex robots trades?
How to use Forex Profit Defender to set Trailing Stops to other forex robots trades?
Comments
TAKEHIRO: Hi, As i understand the only thing i have to do is to enter my other expert advisors magic numbers in FollowMagic_1, FollowMagic_2 and FollowMagic_3. This means that the robot can watch and manage the trades of up to 3 expert advisors? Am i right?
Hello Takehiro, Yes you are right. You can manage the trades of up to 3 expert advisors. You need to enter their magic numbers separately in the parameters FollowMagic_1, FollowMagic_2 and FollowMagic_3.
i would like to know if i want to to scalper and the profit defender in pair of gbpusd which robot i should attach with in our MT4 platform ???
benchu: i would like to know if i want to to scalper and the profit defender in pair of gbpusd which robot i should attach with in our MT4 platform ???
You can use Forex Profit Defender to trade manually (for scalping) or you can configure it to trade automatically or you can configure it to follow other forex robots trades and set them trailing stops. We suggest you to think about what you want and contact our support team. We will help you to configure the robot according your needs.
Automated Forex Tools Admin:
benchu: i would like to know if i want to to scalper and the profit defender in pair of gbpusd which robot i should attach with in our MT4 platform ???
You can use Forex Profit Defender to trade manually (for scalping) or you can configure it to trade automatically or you can configure it to follow other forex robots trades and set them trailing stops. We suggest you to think about what you want and contact our support team. We will help you to configure the robot according your needs.
Ok thanks a lot. I wish to run run two robot (scalper and profit defender) with every pair in my mt4 account (all major pair)
Hello Benchu, As we understand you want to use Forex Profit Defender to set Trailing Stop to your scalping forex robot. You can do that. Here is what you have to do:
- attach the scalper to all charts/currency pairs you want to trade
- attach Forex Profit Defender to one chart (no matter which one).
- In the parameter FollowMagic_1 of Forex Profit Defender set the magic number of the scalper strategy.
- For scalping you have to set Simple Trailing Stop
That's all.
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Hi, As i understand the only thing i have to do is to enter my other expert advisors magic numbers in FollowMagic_1, FollowMagic_2 and FollowMagic_3. This means that the robot can watch and manage the trades of up to 3 expert advisors? Am i right?