Stop loss is intended for reducing of losses where the symbol price moves in an unprofitable direction. If the position becomes profitable, stop loss can be manually shifted to a break-even level.
it is very easy to set a trailing stop loss on your position on mt4 platform take a position and set the stop loss and target orders if you want (never trade without a reasonable stop loss).
Your trailing stop can easily be disabled by setting none in the trailing stop menu. If you want to quickly deactivate it in all opened positions, just select delete all. As you can see, mt4 provides you with plenty of ways to protect your positions in just a few moments.
using a trailing stop loss doesnt work for every trading technique. It tends to work better with scalping techniques, but many traders prefer to add a trailing stop where they would normally take profits. The first technique is to use the built-in mt4 trailing stop feature.
Comthis video shows you how to set the trailing stop loss on mt4 platform.
This trailing stop ea modifies trailing stop loss on all open trades that are in profit on teh current account and the charts where it is attached to. It also closes all trades and can also take specified profits when the entire trading account is in profit.
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