Stealth EA

How to use Stealth EA?

• Once started EA will try to remove (set to zero) real stop loss and take profit level from every trade if you enabled this feature with RemoveInitialStops=true setting. SL and TP levels are converted to virtual levels that are stored in Tools -> Global Variables (F3) if you set UseInitialStops=true. Current chart trades will have horizontal lines drawn on the screen that will act as SL and TP and help you see where the levels are. It is wise to have a bit smaller virtual SL and TP than initial stops so the trades will be closed before it hits initial stops. This way you can fool your broker.
• If you have UpdateStopsOnMouseDrag enabled then EA will update SL and TP levels when you move the lines with your mouse. Just double-click with your left mouse button to select the line and drag it anywhere you want.
• If you drag horizontal line too close or beyond the price your trade may be closed as EA will think it hit SL or TP. For example if you have BUY with TP line at 1.2600 and current market price is 1.2500. Now if you drag TP line down to 1.2499 it means that the trade hit TP and EA will close it.
• You can set EA to manage only current pair trades (default) or any pair trades. It means that if you run EA on EURUSD by default EA will manage only EURUSD trades. But you can set EA to manage all trade regardless what curreny pair it is.
• Additionally you can set specific magic number so EA will manage only the trades with the magic number you set. It is usefull when you want EA to manage trades of a 3rd party EA.
• Normally BUY trades are closed at BID price and SELL trades are closed at ASK price. Now when brokers widen the spread your SELL trade may be stopped out which will never happen if the spread was fixed. This EA can ignore spread and it means that BUY trades will be closed at ASK price and SELL trades will be closed at BID price. So now when brokers widen the spread your SELL trade may survive because only ASK price reached the stop loss level, not the BID price. Note that ignoring spread may give you bigger loss in money and pips. If your broker widen the spread by 30 pips (instead of normal 3 pips) your trade can experience 30 pips bigger loss or 30 pips lower profit.
• You can configure your MT4 to show trade ticket number with every SL and TP line drawn on chart. To turn this feature on you need to check the “Show object descriptions” box in the chart properties window (F8) “Common” tab.
• To place hidden pending orders you need to drawn horizontal line on chart manually using MT4 drawing tools and set appropriate description text. Please refer to MT4 manual to learn how to draw lines on the chart. You can place hidden BUY and SELL pending orders. After you draw horizontal line on the chart please open line properties window. In the “Description” field enter appropriate text that will tell EA what trade to open and what settings to use. This value must contain 4 values separated by semicolons.
  1) Trade type
  2) Lot size
  3) Stop loss in pips (enter 0 to use default value of StopLossPips)
  4) Take profit in pips (enter 0 to use default value of TakeProfitPips)
  Example 1: buy;0.1;20;10
  When price will reach horizontal line with the description set in example 1, EA will open buy trade of 0.1 lot size, hidden stop loss of 20 pips and hidden take profit of 10 pips.
  Example 2: sell;0.4;0;5
  When price will reach horizontal line with the description set in example 2, EA will open sell trade of 0.4 lot size, default hidden stop loss set by StopLossPips and hidden take profit of 5 pips.

  If you set the right description of the horizontal line EA will set their colors to NewBuyTradeLineColor or NewSellTradeLineColor. If you set incorrect description EA will delete line from the chart.
  Once trade is executed the line will be removed from the chart.

• Stealth EA has advanced protection built-in against the stop loss and take profit levels loss. These values are stored as horizontal lines on the chart and as global variables in the MT4 memory. If you close Stealth EA or MT4 or your MT4 crash, EA will restore all hidden SL/TP values on the next launch. However this behavior may be unwanted if you want to change hidden SL/TP values by setting new EA inputs as the new SL/TP values you set will not take effect. Normally you would not want EA to cancel all SL/TP values for the trades specially when you have breakeven or trailing stop already active on some trades. But if you need new SL/TP values to be applied, please run the script STOPS RESET found under Scripts in the Navigator window (Ctrl+N) after you change EA inputs with the new SL/TP values.
• Since Stealth EA v2.2 you can set fake real stops. You can set distance in pips where fake stop loss or fake take profit will be set on the trade. The fake SL/TP values will be visible to broker, but your real hidden SL/TP will actually be smaller and trade will be closed before hitting real stop loss. When the market is very fast real SL/TP will protect you from unexpected losses. Also this is very useful if your MT4 or computer will crash, you will still be protected by real SL/TP.

Stealth EA can open market orders immediately with one button click. This can be achieved in two ways

• 1) You can double click your left mouse button on the BUY NOW or SELL NOW scripts to open trades immediately. Stealth EA must be running at that time.
• 2) You can set special hotkeys like Alt+2 and Alt+3 on BUY NOW and SELL NOW scripts. Then by clicking these hot-keys you will be able to open market orders immediately. Lot size and hidden stop loss/take profit values must be set in the Stealth EA settings.