An expert advisor developed for Metatrader 4 (MT4) used to visualise different trailing stops and understand the impacts they may have on overall trading results. Installation instructions are included in a pdf which is part of the downloaded zip file.
Members can download this tool from the Members Forum download section.
The following video gives an overview of this tools major features.
Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
The risk of loss in trading foreign exchange (Forex) can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in Forex trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.