Forex trailing stop loss example

Using a trailing stop loss is one of the methods that helps you to manage your positions and take care of your profit. Trailing stop loss is a feature that some of the trading platforms , including MT4, support.

Trading Forex with a Trailing Stop

When you set it on an open position, it moves your stop loss further when the price moves toward the target. For example you take a long position and you set a pips stop loss, and a 50 pips trailing stop loss. However, as soon as the position goes to profit for 50 pips, the trailing stop loss moves the stop loss to breakeven.

So, if the position reaches pips profit eventually, the stop loss will be placed 50 pips above the entry price. Is there a way to set a Trailing stop loss using the metatrader on my Iphone.

I ususally trade using my phone, and I cannot seem to find a way to set Trailing stop using MT4 installed on IOS. Thanks Chris for this wonderful article. I have been following your post for some period now and it has really helped me to understand forex trade.

Trailing Stops – Can they Increase Your Profits? - Forex Opportunities

But I do I set stop loss and target order positions? You have to make sure that you enter a correct value for the stop loss and target orders. For example when you have a long position and the price has not gone up yet, if you choose a value for the stop loss which is below the entry price, you will receive invalid stop loss error.

Dear pottorff, I had a considerable experience on using mt4, but trailing stop just new for me. Thank chis more ever. Just check what triling stop min. Hello Chris, I am so happy to be part of this site, nice site, i love your proacies toward trading, is very useful as a new sign up memmber, i have gained alot.

I use an EA on MT4 that includes a Trailing Stop.

In case the connection to the web goes down for some minutes will the Trailing Stop resume automatically or will it have to be re-set manually? If you keep the platform running on your computer, the trailing stop loss will also work when the computer connects to the Internet again.

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How to Set Trailing Stop Loss on MT4 and How Trailing Stop Loss Works

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