Trailing Stop Loss In Mt5
The new stop will then be 103 and no longer 95.
Trailing stop loss in mt5. This is very important because the trailing stop is not logged with your broker and it also means that for the trailing stop loss to activate the charting platform must be open and running. The trailing stop monitors prices by moving a stop loss order along with their movement. The trailing stop loss for both mt4 and mt5 is executed in the trading platform and not the server.
Mt5 will trail the stop loss following the price at a distance of the points you set. How to enable trailing stop in mt5. This means that if for example the price goes back the automatic stop will be triggered at 103 and then even with the stop loss we will get a profit.
In your mt5 client right click an open trade and select trailing stop and the number of points. However remember that the trailing stop can be profitable only if you follow two basic rules. To enable the automatic trailing stop in mt5 the process is the same as mt4.
If the market price moves against the favor of your position before the trailing stop is triggered then the relevant open position is active without a stop loss level. So you are recommended to setup a stop loss level before leaving your eyes from the platform after setting a trailing stop. First if we open an order window on.
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