Managing Virtual Stops, Targets, and Breakeven Levels in an Expert Advisor

Summary

This MetaTrader expert advisor manages open positions using virtual take-profit, stop-loss, and breakeven levels. It detects orders on a chart and displays the corresponding exit prices as labels, with separate colors identifying breakeven, stop-loss, and take-profit levels. The description also says the advisor can handle multiple magic numbers when its Magic setting is set to zero, allowing it to manage positions associated with different identifiers.

The page characterizes the approach as stealth management and says it has worked with certain brokers, but it gives no test results, broker list, or explanation of how virtual levels behave during disconnections, gaps, or fast markets. Because exits are represented virtually, their practical reliability depends on the advisor running and receiving market data in time to act. The page describes functionality rather than a trading strategy, entry signal, or evidence of profitability.

Key ideas

• The expert advisor tracks virtual take-profit and stop-loss levels for detected positions.
• It also supports a virtual breakeven level and displays exit prices with colored chart labels.
• The Magic setting can be used to manage positions across different identifiers.
• The page gives no performance tests or detailed broker compatibility evidence.
• Virtual exit handling depends on the advisor being active when the level is reached.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.