Stealth Orders hide your entry and exit levels from the market. Instead of placing pending orders, the app buys or sells at the current market price when an entry level is reached.
There is no pending order in the market which other participants can see. Similarly, you can have a stealth stop-loss or take-profit which sends a close instruction when an exit level is hit.
You can use the app to do four things, including closing multiple trades if their combined profit reaches a threshold:
- Stealth entries: the equivalent of limit and stop orders. You can also create one-cancels-all (OCA) groups of orders where the remaining orders are removed when the first one is filled.
- Stealth exits: the equivalent of a take-profit or stop-loss on a single trade. Exit points can be specified in cash terms (e.g. "take-profit at USD +50") instead of prices.
- Symbol exits: these close all the positions and orders for a symbol if a price is hit, or if the combined profit of the positions reaches a threshold. You can also use filtering, e.g. "only long EUR/USD orders, and only if their comment includes the text Breakout".
- Account exits: these close all positions and orders on the entire account when a threshold is hit.
Click here to download the user guide: BlackPearlFX – Stealth Orders.pdf