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January 12, 2018

Question:What is a Trailing Stop on MT4? How does it work?

Answer:

Trailing stops automatically adjust to the current market price, providing the investor with greater flexibility to profit, or limit a loss.

For example, if we set our trailing stop initially at -10 pips and then the trade moves in our favor 1 pip.

In this case, the stop would move 1 pip from -10 pips to -9 pips.

Trailing Stop order is only functional on the trading platform, thus if you logout or close the platform, the order will be cancelled automatically.

Trailing Stop order only works for the first time, when the market price moves to your favor and hit the first target to set the first Stop Order. Otherwise, the trailing stop order won’t be even triggered.

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