Any trader who has used MT4 knows first hand that here are several
limitations that for day traders or scalpers can be very frustrating.
Far Superior Trailing Stops:  For starters the trailing stop function
works very poorly, and it not really useable for any serious trader.
The reason for this is that there are limits on the size of the
trailing  stop and it will not trail pip for pip until it hits a set
threshold. The other issue is if your broker uses  extended pricing.
(Such as a 5 decimal place price instead of 4 decimals). Trailing
stops are an essential part of money management, and are necessary to
reduce risk and maximize gains. So, you have to have a good one.
The F.E.P. trailing stop function is FAR better because it allows you
to determine the size of the  trailing stop and it trails pip for pip!
Also most brokers don't let you place targets or stops closer that 4
pips from market, simply locking you out of “quick profit”
opportunities when using targets, or keeping you from getting those
few extra pips you so often know are there for the taking, forcing you
to exit at market.
No MORE!  The F.E.P. offers you the ability to place orders as close
as a SINGLE pip away from the market, allowing you “Legally Steal”
your pips day in and day out!

http://www.fxzeroloss.tk/