How to Set a Trailing Stop Loss?

A Trailing Stop is a dynamic Stop Loss feature that automatically adjusts the Stop Loss level as the market moves in a more favourable direction.

It helps traders lock in potential profits while limiting potential losses without manually adjusting the Stop Loss.

How to Set a Trailing Stop:

1. Open the MT5 Terminal window.
2. Right-click on the open position.
3. Select Trailing Stop.
4. Choose the desired distance between the Stop Loss level and the current market price.

Important Notes:

• Only one Trailing Stop can be set for each open position.
• When the position moves into profit by the selected distance, the Stop Loss will automatically adjust.
• If the market continues moving in your favour, the Trailing Stop will follow the price.
• If the market moves against your position, the Stop Loss will remain at its last adjusted level.

To disable a Trailing Stop, select None from the Trailing Stop menu.