What is Trailing Stop In Forex Definition and Benefits
This is Forex Basics Tutorial. in This Tutorial Tani Forex Explain What is Trailing Stop In Forex Definition and Benefits. Trailing Stop 2nd name of Stop loss. Trailing Stop active When your trade is in Profit. if you make 50 points ( 5 Pip ) Trailing stop your trailing stop active when your market go to 5 pips profit. if market go 100 pips profit trailing stop Close your trade when market back 5 pips. means if your trade in 100 pips profit when market 5 pips reverse then trailing stop close your trade in 95 pips.
Best Thing of trailing stop that if trailing stop active in those trade no chance of loss. Forex Trailing stop off course very amazing option in Forex MT4 Trading. MT4 Trailing Stop only work on MT4 And MT5. Trailing stop not work on Web Terminal. and not work on Mobile Mt4. Trailing stop only work on Laptop and PC Mt4.
How Use Trailing Stop,
Trailing stop active on Buy Order, Sell Order , Buy Stop, Sell stop , buy limit and Sell limit. First make a trade and then click on Trade Right Button , Trailing Stop And Click on 15 are 20 Points. if you want to use 5 pips+ trailing stop then click on Custom and Click on Trailing stop level for example you want to use 50 pips trailing stop then write Manuel 500 and click Ok Button. Now you trailing stop active. if you not understand then See Below Post and make your Forex trading good to batter. For more strategies Must visit our YouTube Channel.
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