"Trailing Stop" is used to maximize the potential profit and limit the loss to the certain level together automatically. "Trailing Stop" is a "Stop Loss" order that changes by itself by following the relevant market price movement acc...

Yes, it is possible that your "Take Profit" or "Stop Loss" orders get slippage when they get executed depending on the market situation. These pending orders to close open positions are also subject to slippage just like a normal mark...

"Stop Loss" order is used for minimizing losses if the security price moves the wrong direction. If the security price reaches this level, the entire position is closed automatically. You can set this "Stop Loss" order when you ope...

The Take Profit order is intended for gaining the profit when the security price reaches to a certain level. This type of pending order is set for existing open positions, and the relevant open position will be executed at the price s...

Yes, any pending orders are subject to market situation, and slippage can occur. Slippage is a common knowledge among investors, and it happens when there is no enough market liquidity to execute the order. In this case, the order ...

There are 6 different pending orders available on MT5 trading platform which are: Buy Limit Buy Stop Sell Limit Sell Stop Buy Stop Limit Sell Stop Limit These orders need to be set following the rules set by each pending o...

"Sell Stop Limit" order is a stop order to place a Sell Limit order. This type of order combines both "Sell Stop" and "Sell Limit" in one order. In order to understand the mechanism of this order, please refer to the chart at the b...

"Buy Stop Limit" order is the combination of the two order types which are "Buy Stop" and "Buy Limit", as in being a stop order to place a Buy Limit order. Please refer to the chart on the upper-right side of the below photo. Red p...

"Sell Stop Order" is a trade order to sell at the "Bid" price equal to or less than the one specified in the order. When you make this order, the current price level needs to be higher than the value in the order. MetaQuotes provi...

"Sell Limit" order is a trade order to sell at the "Bid" price equal to or greater than the one specified in the order. When you use this order type, the current price level needs to be lower than the value specified in the order. ...