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How To Set Trailing Stop Loss

How To Set Trailing Stop Loss On MT4 Platform

Nour A avatar
Written by Nour A
Updated over 2 years ago

To set a Trailing Stop, you must execute the open position context menu command of the same name in the "Terminal" window".

Then select the desired value of the distance between the Stop Loss level and the current price in the list opened.

❗️Only one Trailing Stop can be set for each open position

See the Trailing Stop window below:

As soon as profit in points becomes equal to or higher than the specified level, the option to place the Stop Loss order will be given automatically. The order level is set at the specified distance from the current price.

If the price changes in a more profitable direction, trailing stop will make the Stop Loss level follow the price automatically. If the profitability of the position falls, the order will not be modified anymore. Thus, the profit of the trade position is fixed automatically.

❗️Trailing stop can be disabled by selecting "None" in the managing menu. Trailing stops of all open positions and pending orders will be disabled if the "Delete All" command of the same menu has been executed.

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