Knowledgebase: MetaTrader 4 Tutorials
Trailing Stop
Posted by on 08 May 2014 05:19 PM

Trailing Stop

 

A Trailing Stop is a strategy to manage Stop Loss orders. It allows you to set Stop Loss with an automatic update to move beyond the market price. This function helps you to be in profit with less risk. How to set this action, it is shown in the pictures below:

  • By right clicking on Trade Tab you can choose “Trailing Stop” from the menu that appears. The “Trailing Stop” button allows you to set points which will be moved by market price movement and specified distance. Also, you can customize your trading stop level by choosing the “Custom…” function from the menu.

 

  • When the Stop Loss and Take Profit values ​​are set, they will be displayed on the chart as horizontal lines at the relevant price levels. So by right clicking on the horizontal line of Stop Loss, the Trailing Stop menu will appear as it is shown in the previous picture.

 

In case you don't find the answer for a question that interests you in this section or in the Knowledgebase, please contact the Client support department via live chat or request for a callback.

 

(0 vote(s))
Helpful
Not helpful

Comments (0)