• ATR EXIT: This exit strategy uses the Average True Range indicator to trail an open position. You just define the period and the multiple of the ATR, VTS does the rest.   Great for short-term trending markets.

• CHANNEL EXIT: This exit strategy uses the high or low of the past 24 candles, or any number of candles actually.  You set the start and end of the channel and VTS builds an EA that will close your trade when any price touches the outside of the channel. Good for protecting your profit in a range-bound market that may break out.  (Like when news is released) 

• CHANDELIER EXIT: The strategy hangs a stoploss above or below the high or low since your trade was opened.  Very powerful, used by the well-known futures trader Chuck Lebeau. Great for a trending market. 

• BREAKEVEN EXIT:  Move your stop to break-even as soon as you can.  This strategy allows you to define how many pips of profit you need before moving the stoploss so that you are guaranteed to not lose money on a profitable trade ever again! (Don’t let this happen to you.) This simple strategy can cut your overall trading loses significantly. BAR EXIT:  The best way to test your trade entries.  This strategy closes a trade after it has been open for any number of bars.  With this test you can quickly see if your trade entries are any good.  You can also use this exit to close any trade that has been open too long.

• TRAILING EXIT: The classic trailing stop. Set the value to trail at and VTS builds your EA with the powerful, classic trailing stop.

Are The Profit Exits Easy to Use in Your Expert Advisor?

The Profit Exit functions are very easy to use:  Just drag, drop and connect.  Each function has a custom user-interface to make configuration easy for you.

The Real Power of Advanced Exits in Your EA

The real power of these advanced exits is that you can combine them.  How? Well, there are lots of creative ways.  For example, you start a trade with a Channel strategy and then change to the Chandelier strategy after some profit has been realized.  Or you change the exit strategy based on how the market is behaving. By the way, the RSI is a great indicator for determining if the market is over or under sold.  And of course, you use the Breakeven strategy to make sure you never again lose money on a trade that was profitable.

The point is, there are an infinite number of ways to combine these strategies using VTS.  VTS is just a tool, but with your creativity you can build almost any Expert Advisor.

Want more details?  Click here to see to the full documentation

Like All of my products, the Forex Profit Exits Plug-in comes with Two Promises

This is the configuration window for the function fnDrawArrow. This will draw an arrow on a price chart. You define where and how the arrow drawn is by selection values from easy pull-down menus.

Easier Redraw!

Re-drawing an object so that it always appears in the correct location –  as a price chart is changing –  can lead to some complex MQL code.  But with the Chart-Objects Plug-in it’s as simple as choosing a Redrawoption. You can choose to redraw any object on each tick, each new bar, or only once.

This MetaTrader price chart shows some of the chart objects that can be added to your chart. Each object can be customized for color, style, size, location, and more!

This package includes the following functions:

fnDrawHorizontalLine
Used to draw a horizontal line. Positioned by price.
fnDrawVerticalLine
Used to draw a vertical line. Positioned by candle.
fnDrawArrow
Used to draw an up or down arrow. Positioned by price and candle.
fnDrawThumb
Used to draw an up or down thumb. Positioned by price and candle.
fnDrawLabel
Used to draw an label containing text. Positioned by price and candle.
fnDrawText
Used to draw text. Positioned by x and y coordinates.
fnDrawCheckSign
Used to draw a check mark. Positioned by price and candle.
fnDrawStopSign
Used to draw a stop sign. Positioned by price and candle.

Want more details?     Click here to see to the full documentation