USERGUIDE MT4+ STEALTH ORDERS

TABLE OF CONTENTS USERGUIDE MT4+ STEALTH ORDERS

1. INSTALLATION OF MT4+ STEALTH ORDERS PAGE 03

2. ABOUT MT4+ STEALTH ORDERS PAGE 06
3. STEALTH ENTRIES PAGE 07
4. STEALTH EXITS PAGE 11
5. SYMBOL EXITS PAGE 16
6. ACCOUNT EXITS PAGE 21
7. LOG PAGE 24

2
INSTALLATION OF MT4+ STEALTH ORDERS USERGUIDE MT4+ STEALTH ORDERS

In order to install MT4+ Stealth Orders, follow the 1

steps below:
1. Click here to download the retrofit installer
containing the full package of JFD MT4+ exclusive
add-ons.
2. Run the installer file (1) on your computer.
3. Select the MetaTrader 4 Terminal folder (2) where
you would like to install the Add-ons package and
press the Install button (3). 2

4. Press OK in the confirmation dialog box that will

appear after successful installation.

3
NOTE

Before installing JFD’s MT4+ Add-ons, close your MT4

terminal. The add-ons cannot be installed if the MetaTrader 4
terminal is running.

3
INSTALLATION OF MT4+ STEALTH ORDERS USERGUIDE MT4+ STEALTH ORDERS

After successful installation, open your MT4+ terminal and you

will find the MT4+ Stealth Orders (1) along with all other JFD
add-ons in the Navigator window under Expert Advisors.

4
INSTALLATION OF MT4+ STEALTH ORDERS USERGUIDE MT4+ STEALTH ORDERS

In order to use the add-ons, the Expert Advisors should be enabled. Simply click the AutoTrading button (1) on the top toolbar.
Alternatively, you can open Tools main menu and select Options (2). In the dialog box that will appear, open the Expert Advisors tab (3)
and make sure that the check-box Allow Automated Trading (4) is ticked. Then press the OK button (5).

5
ABOUT MT4+ STEALTH ORDERS USERGUIDE MT4+ STEALTH ORDERS

MT4+ Stealth Orders hide your entry and exit levels from the You should be aware of two disadvantages of using stealth entries
market. The add-on buys or sells at the current market price when and exits compared to a normal pending order, or a Stop Loss or
an entry level is reached. Similarly, you can have a stealth Stop Take Profit:
Loss or Take Profit which sends a close instruction when an exit  You will tend to get more slippage with MT4+ Stealth Orders
level is hit. You can use MT4+ Stealth Orders to do four things, (though this can be positive as well as negative).
including closing multiple trades if their combined profit reaches a  MT4+ Stealth Orders are only processed if the add-on is
threshold: running, while a normal pending order, or Stop Loss or Take
 Stealth entries: the equivalent of limit and stop orders. You can Profit, will be processed even if your trading software is not
also create one-cancels-all (OCA) groups of orders where the running or your internet connection goes down.
remaining orders are removed when the first one is filled. For protection, you can use your trading platform to set a "real"
 Stealth exits: the equivalent of a Take Profit or Stop Loss on a Stop Loss or Take Profit on positions, in addition to using MT4+
single trade. Exit points can be specified in cash terms (e.g. Take Stealth Orders. For example, if you are long EUR/USD and the
Profit at USD +50) instead of prices. current price is 1.2345, you can set a real Stop Loss in the market
 Symbol exits: these close all the positions and orders for a at 1.2300 using your trading platform and also a stealth Stop Loss
symbol if a price is hit, or if the combined profit of the positions at 1.2310 using MT4+ Stealth Orders. Your position will be closed
reaches a threshold. You can also use filtering, e.g. only long at 1.2310 (plus or minus slippage) provided that the add-on
EUR/USD orders, and only if their comment includes the text remains running. If there is any sort of problem with the Internet
Breakout. connection, the real Stop Loss at 1.2300 should be activated
 Account exits: these close all positions and orders on the entire instead.
account when a threshold is hit.

6
STEALTH ENTRIES USERGUIDE MT4+ STEALTH ORDERS

Stealth entries are the equivalent of limit and stop entry orders.
Instead of placing e.g. a Buy Limit into the market at 1.2345, the
add-on waits for the price to hit 1.2345 and then places a buy
1
order. You create new entries on the Entries tab (1), using the 2

New stealth entry button (2). You can edit an existing item by
clicking on its title.

7
STEALTH ENTRIES USERGUIDE MT4+ STEALTH ORDERS

In order to create a stealth entry, you need to enter four pieces of

information:
 The symbol (1)
 The trade size (2)
 The order type (3) 1

 The entry price (4), as a fixed amount or as an offset from the 2

current price 3

If you ask for an entry price which is already valid, e.g. a Buy Limit 4

at 1.3400 when the current price is below that, the software will
warn you before creating an entry which is then processed
immediately. As well as creating stealth Buy Limits, Sell Stops etc.
you can also choose to create buy and sell orders which are placed
immediately into the market without waiting for a trigger level to
be hit. In combination with the Stop Loss and Take Profit settings,
this lets you create a new open trade with a stealth exit attached
to it. Once your immediate buy or sell order has been placed, the
add-on creates a stealth exit for the new ticket using the Stop
Loss and Take Profit details.

8
STEALTH ENTRIES USERGUIDE MT4+ STEALTH ORDERS

You can set a Stop Loss (5) and/or a Take Profit (6) for each
stealth entry, either as a fixed price, or as a distance from the
opening price, or as a cash amount (e.g. Stop Loss at USD -50 and
Take Profit at USD +50). When an entry is filled, these details are
then used to create a stealth exit for the open trade.
You can set a maximum spread (7) at the time an entry is hit. If the
spread is higher than the threshold when your entry price is
reached, then the stealth entry is removed and not traded. For
example, if you set the maximum spread to 3 pips, and the spread 5

when your entry price is reached is 3.5 pips, then the stealth entry 6

will be removed without trading. 7

9
STEALTH ENTRIES USERGUIDE MT4+ STEALTH ORDERS

You can combine stealth entries into one-cancels-all (OCA) groups

(8) where remaining entries in the same group are removed once
the first one has been triggered.
You can use the settings for the stealth entry to set the textual
order comment (9) which appears in your trading platform. You
can also set the "magic number" (10) for the order (similar to the
comment, but numeric rather than textual).
For example, you want to trade the break-out of yesterday's range
(e.g. 1.2345 to 1.2375), going long or short when the high or low
is broken, but not then placing the opposite order from the low or
high if the price re-traces again. You create two stealth entries: a
Buy Stop (at 1.2375) and a Sell Stop (at 1.2345), and you assign 8

them to the same OCA group, e.g. Breakout. When one of the 9

prices is hit, the other stealth entry will be removed. 10

10
STEALTH EXITS USERGUIDE MT4+ STEALTH ORDERS

Stealth exits are the equivalent of Stop Losses and Take Profits
(s/l and t/p). They close individual open trades when a price is hit,
or when the trade's net profit reaches a threshold (e.g. USD 50
1
profit or USD 100 loss). You create new stealth exits on the Exits 2

tab (1), using the New stealth exit button (2). You can edit an
existing item by clicking on its title. If you set a Stop Loss or a
Take Profit on a stealth entry, then this automatically creates a
stealth exit for the ticket when the entry price is hit and an order
is placed. You can only create a new stealth exit if there is an open
position on your account. If you want to open a new trade in the
market, and then apply a stealth exit to it, you can create an
immediate buy or sell order using the Entries tab and use the Stop
Loss and Take Profit options to create a stealth exit for the new
trade.

11
STEALTH EXITS USERGUIDE MT4+ STEALTH ORDERS

In order to create a stealth exit you need to enter the following

information:
 The open trade to apply the exit to (1)
 The amount of the position to close (2)
 Either a Stop Loss (3) or a Take Profit (4) level, or both 1

A stealth exit can do three things: 2

 Close the entire open trade 3

 Close a specific amount (e.g. 0.20 lots / 20K) 4

 Close a percentage of the open trade, e.g. 50%

If you choose a specific volume (e.g. 0.30 lots) and this is larger
than the size of the trade when the closure rules are hit (e.g. 0.20
lots) then the MT4+ Stealth Orders simply ignores the excess and
closes the open trade (0.20 lots). It does not place a new order for
the difference (e.g. 0.10 lots). Percentages are always rounded up
to the nearest permitted trade size. If you have an open trade for
0.50 lots and specified that the stealth exit should close 75% of
the trade while the minimum trade size and increment is 0.10 lots,
the add-on will close 0.40 lots out of 0.50. 75% of 0.50 is 0.375,
which is rounded up to the permitted 0.10 trade size.

12
STEALTH EXITS USERGUIDE MT4+ STEALTH ORDERS

A Stop Loss or Take Profit can be specified in three ways:

 As a fixed price, e.g. 1.2345
 As a number of pips from the current market price (not the open price of the trade)
 As a cash amount. The trade is closed if its net profit hits this threshold.

13
STEALTH EXITS USERGUIDE MT4+ STEALTH ORDERS

In addition, a Stop Loss (but not a Take Profit) can be set as a trailing stop in pips. The add-on's trailing stops work as follows:
 The current price is e.g. 1.2345 (on a buy trade) and you define a trailing stop of e.g. 20 pips.
 The add-on sets the Stop Loss to 1.2325: 20 pips from 1.2345.
 If the price falls, the Stop Loss does not move.
 If the price rises, e.g. to 1.2350, then the Stop Loss moves upwards, e.g. to 1.2330.
 Therefore, the trade is closed 20 pips below its highest price (unless a separate Take Profit is hit).
If you change the amount of a trailing stop, e.g. from 20 pips to 10 pips, then its history is reset, and the Stop Loss will be moved to 10
pips from the current price.

14
STEALTH EXITS USERGUIDE MT4+ STEALTH ORDERS

You can create multiple exits for the same open trade, e.g. closing 50% at one level and the remainder at a further level. For example, you
could close 50% of a trade at a profit of USD 50, and then have another stealth exit rule which closes the remainder when the trade
reaches a profit of USD 100. Please note that close percentages apply to the trade volume when the rule is triggered, not to the original
trading volume. If you have two rules for the same trade which each close 50%, then this will leave 25% of the original trade still open.
The first rule will close 50% of the original trade (e.g. 0.20 lots out of 0.40 lots), and the second rule will then close 50% of the remaining
trade size (e.g. 0.10 lots out of 0.20 lots).
If you close an open trade in your trading platform, outside of the add-on, then MT4+ Stealth Orders will say that it is unable to find the
ticket for the exit rule. The exit rule will be automatically removed after 60 seconds.

15
SYMBOL EXITS USERGUIDE MT4+ STEALTH ORDERS

Symbol exits close all the open trades for a single symbol, e.g.
1
EUR/USD, when a price target is hit, or when the combined net
profit on all the open trades for the symbol reaches a trigger
value. You can also set up filtering, so that the symbol exit only 2

acts on some of the orders for the symbol. For example, you can
create a symbol exit which only looks at EUR/USD buy orders
which have the comment Breakout. You create new symbol exits
on the Symbols tab (1), using the New symbol exit button (2). You
can edit an existing item by clicking on its title.

16
SYMBOL EXITS USERGUIDE MT4+ STEALTH ORDERS

You can either choose an individual symbol such as EUR/USD, or

you can select All symbols (1). The latter is intended for use with
filtering, and lets you create an exit which, for example, acts on all
orders for all symbols which have the comment Breakout. If you
select All symbols, you can only use a profit trigger because there 1

is no applicable price. 2

A symbol exit (2) can either close its trades when the price reaches 3

trigger points (ask at x or bid at y) or it can look at the combined 4

net profit of the open trades, e.g. closing them if they are USD 50
in loss or USD 100 in profit.
You must always specify both lower (3) and upper limit (4). If you
only want to use one of these, simply set the other limit to a value
which will never be hit (e.g. if you only want to use the lower limit,
then set the upper limit to a profit of USD 999999 or a price of
999999).

17
SYMBOL EXITS USERGUIDE MT4+ STEALTH ORDERS

You can choose what percentage of each open trade to close (5).
Each ticket is processed separately, and amounts are rounded up
to the nearest permitted trade size. For example, you have 4
separate open trades, each of 0.10 lots. The minimum trade
size/increment is 0.10 lots. You ask to close 75% of each ticket.
MT4+ Stealth Orders will completely close all 4 trades. It will
close 75% of each individual ticket, which is rounded up from
0.075 lots to the minimum of 0.10. The add-on will not close 75%
of the total overall position, i.e. closing three of the positions and 5

leaving you with one of the trades (0.10 lots out of the original 6

0.40 lots, i.e. 75%).

You can choose whether the symbol exit also deletes pending
orders (6). If turned on, this will remove any pending orders in
your trading platform, and also any stealth entries. The close
amount is not applied to pending orders. They are always removed
in full.

18
SYMBOL EXITS USERGUIDE MT4+ STEALTH ORDERS

You can set up filtering so that the symbol exit only looks at, and
acts on, trades which match certain criteria. For example, you can
restrict the symbol exit so that it only closes EUR/USD buy orders,
not sell orders, or only EUR/USD buy orders which have the
comment Breakout. You can also use the All symbols option to
create a symbol exit which acts on multiple symbols: for example,
something which closes all trades with the comment Breakout, on
all symbols, when their combined profit hits a trigger. You can
filter on three things, and these conditions are combined:
 Trade direction (7)
 Order comment (8) 7

 Order "magic number“ (9) 8

For example, if you select buy orders and the comment Breakout, 9

it means buy orders which also have the comment, not buy orders or
orders with the comment.
You can choose whether a symbol exit acts on all orders, or only
buys or only sells.

19
SYMBOL EXITS USERGUIDE MT4+ STEALTH ORDERS

You can select orders whose textual comment contains specific text. For example, if you enter the value Breakout, then the symbol exit
will act on orders whose comment contains the text Breakout. For example: Breakout, Breakout123, Bar Breakout etc. The comparison is
not case-sensitive; it will also match against Bar breakout etc. You can specify multiple comments separated by commas: for example,
Breakout,Pivot. This will match against any orders whose comment contains Breakout or Pivot.
You can also select orders whose numeric "magic number" matches a specific value. For example, if you enter the value 12345, then the
symbol exit will act on orders whose magic number is 12345. You can specify multiple numbers separated by commas: for example,
"12345,98765,22222". This will match against any orders whose magic number is 12345 or 98765 or 22222.
You can choose that a symbol exit is not removed after it has been triggered, and is instead kept on the list and keeps acting whenever its
trigger is hit. For example, you are running an automated trading system on your account which is continually placing orders. In addition
to the trading system's own rules, you want to close its positions if it goes USD 200 into loss or USD 300 into profit and you want to
keep closing the positions: the automated system keeps on trading, but you repeatedly want to shut down its positions if the profit limits
are hit.

20
ACCOUNT EXITS USERGUIDE MT4+ STEALTH ORDERS

Account exits close all the open trades on your account (plus, 1
optionally, pending and MT4+ Stealth Orders) when a threshold is
reached on the account: e.g. floating P/L in loss of more than USD
500, margin usage greater than USD 1000 etc. You create new 2

account exits on the Account tab (1), using the New account exit
button (2). You can edit an existing item by clicking on its title.

21
ACCOUNT EXITS USERGUIDE MT4+ STEALTH ORDERS

You can use an account exit to monitor any of the following:

 Floating P/L
 Equity
 Free margin
 Used margin
Equity and floating P/L exits require both an upper and a lower
limit. If you only want to use one of the values, you simply set the
other to an amount which will never be reached. For example, if
you want to close all your trades when equity falls below USD
2000, and you have no profit target, you can simply set the upper
limit to a large value such as 999999.

22
ACCOUNT EXITS USERGUIDE MT4+ STEALTH ORDERS

You can choose whether an account exit closes pending orders (1)
as well as open trades. If you select this option, the add-on will
close all pending orders in your trading platform and also remove
any stealth entries.

23
LOG USERGUIDE MT4+ STEALTH ORDERS

The Log tab (1) shows the activity of the MT4+ Stealth Orders. It
1
records all actions since the add-on most recently started, plus any
activity from previous sessions which happened within the last 2
days.
You can download the log, as a TSV file which you can open in
Excel or similar software, using the Download (2) button at the
bottom of the list.

24
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