PipBoxer Trailing Stop  Manager (PBTS)

PipBoxer Trailing Stop Manager (PBTS) is an exit EA that adds Trailing Stop to your trades automatically. This EA which is suitable for MetaTrader 4 can control up to 16 currency pairs and virtually unlimited number of trades at the same time. It is an amazing product that you'll love for its powerful capabilities. It is capable to manage trades that are opened manually or with other Expert Advisors and/or automated systems. PBTS can manage those trades that either contain an initial stoploss or no stoploss is defined for them initially.

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Frequently Asked Questions

1. What is a trailing stop?

2. What is the difference between initial and regular trailing stop?

3. What is MetaTrader 4?

4. What does PipBoxer Trailing Stop Add-on do?

5. Is PBTS limited to trades opened by PipBoxer?

6. How to use PBTS?

7. Is it possible to control one currency pair with PBTS only?

8. Is it possible to control the trades on those currency pairs that are not covered?

9. How much does it cost?

10. How can I purchase PBTS?

11. Are there other relevant products?

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What is a trailing stop?

When you enter a trade if the trade moves in your favour you prefer to secure your profit while you keep the trade open. One of the common methods to secure the profit is to move Stoploss level to a value above the open price in a long position or below the open price in a short position and then maintain a maximum distance with the current market price.

For example assume that you buy GBP/USD at 2.000 and your profit target is 2.0100 (or rather 100 pips). If the price moves to 2.0025 it has not reached your profit target yet but since it is 25 pips in your favour you do not like to end up losing this trade so you move your Stoploss level to 2.000 and maintain a distance of 25 pips with current price. The worst case scenario is that the market reverses and hits the current Stoploss. You will exit the trade with no profit. If the price further moves up and for example reaches 2.0030 then you move Stoploss to 2.0005. You maintain the 25 distance with the current price but keep the trade open. If the price reverses you won't touch the Stoploss so the Stoploss moves only if price advances in your favour. The maximum distance with the price will be 25 pips. This approach to managing an open trade is called a Trailing Stop.

You only move Stoploss if the price is in profit territory. So if the price is below 2.000 in this case you keep the Stoploss where it is. Trailing Stop is only available to those trades that have passed the loss territory.

A similar scenario can be defined for short (sell) trades.

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What is the difference between initial and regular trailing stop?

PBTS gives you the ability to designate between the initial and regular trailing stop. For example if in the previous example you set the initial trailing stop to 50 pips and the regular trailing stop to 25 pips, the Stoploss moves to the open price only if the price reaches 2.0050 (or rather moves 50 pips in your favour). Right after this movement the system maintains a 25 pips distance. For example if the price moves to 2.0051 the stoploss moves to 2.0026 because now we need to keep a 25 pip distance.

The designation between the initial and regular trailing stop gives us the ability to be more flexible. It enables us to move the stoploss to the open price or rather break-even point faster or later than when we usually manage the distance between the stoploss and current price afterwards.

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What is MetaTrader 4?

According to the official MetaTrader 4 (MT4) website, MetaTrader 4 is an online trading complex designed to provide broker services to customers at Forex, Futures and CFD markets.This is a whole-cycle complex, which means that you will not need any other software to organize your broker services when using MetaTrader 4.

What you as a client needs is usually the MT4 client terminal. It gives you the ability to view charts, enter trades, manage open trades, or exit current trades. You may do these manually or automatically. For example you can enter and manage trades with our fully automated trading system PipBoxer, or manage open trades with PBTS, PBSE, or PBME.

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What does PipBoxer Trailing Stop Manager do?

PBTS simultaneously adds trailing stop to up to 16 currency pairs. It by default manages any trades that are open in the following pair. You may also attach it to a chart other than these pairs to manage the currency of that chart as well. There is virtually no limitation to the number of open trades. Even if you have more than one trade open on a currency pair - despite the direction of those trades - PBTS can manage them at the same time. It doesn't matter if you open the trades manually or with an automated system. It also doesn't matter if the trade contains a stoploss or not at the moment. As soon the trade qualifies for being locked in profit PBTS places the stoploss according to your settings.

• AUDUSD

• GBPUSD

• GBPJPY

• USDCAD

• EURUSD

• EURJPY

• USDJPY

• USDCHF

• GBPCHF

• NZDUSD

• EURGBP

• AUDJPY

• EURCAD

• EURCHF

• EURAUD

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Is PBTS limited to trades opened by PipBoxer?

Absolutely not. While you can use PBTS to manage trades that are opened by PipBoxer you may also use it to manage trades opened manually and/or with other automated trading systems.

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How to use PBTS?

You need to follow these steps to use PBTS.

1. Close MetaTrader 4  (MT4) if it is currently open.

2. Place PBTS in the "experts" folder of MT4. For example if your broker is Interbank FX the correct address could be "C:\Program Files\Interbank FX Trader 4\experts\".

3. Start MT4.

4. Attach PBTS to a chart of your choice. If you don't know how to attach an EA to a chart click here. The timeframe or currency of the chart is not important. However, we suggest to attach the EA to an active currency pair for example to GBPJPY. If you want to manage a currency pair that is not among the 15 default currency pairs then attach the EA to the chart of that currency pair.

5. At the time of attaching the EA the Properties dialog box appears. You may also see this box by pressing F7 at any time when the chart is open. Make sure to enable live trading in the Common tab. The following image shows you the option you need to select.
   
   
    

6. Select the inputs tab and make necessary changes, for example whether you want to enable or disable PBTS, the initial trailing stop value, the regular trailing stop value, the pairs to be managed, and whether you want to manage the current chart or not. The last option is available at the bottom of the list and is false by default. If the currency pair is included in the list you do not need to enable this option. For example if you attach the EA to a EURUSD chart and EURUSD is already true you do not need to change the value of Current_Chart to true. The image shows some of the options you have.
   
   
    

7. Click OK and leave the rest of it to PBTS.

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Is it possible to control one currency pair with PBTS only?

Absolutely. Simply disable the rest of currency pairs with the help of the Properties dialog box.

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Is it possible to control the trades on those currency pairs that are not covered?

Absolutely. Attach the EA to the chart of the currency pair. In Properties dialog box enable the Current_Chart option.

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How much does it cost?

The list price of PBTS is US$29.99 but you can purchase it for US$14.99 right now. We keep the right to cancel the introductory price at any time.

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How can I purchase PBTS?

Click here to purchase PBTS.

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Click here to purchase PBTS Now

Are there other relevant products?

You may also consider purchasing PBSE and/or PBME.

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Do you want to fully automate your trades?

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