How Do You Use Bitcoin Stop Loss Order in the MT5 Platform?

How to trade Bitcoin with stop loss order on MT5.

A stop loss order bitcoin btcusd crypto order is an order used in btcusd crypto trading to close-out an open trade if the trade transaction heads against the online trader's open trade position by a certain number of pips.

Once the stop loss crypto trading order is set at a specified level, this stop loss crypto order will automatically close out the open trade once the price chart gets to this stop loss crypto order bitcoin price level. In bitcoin trading money management, stop-loss order is employed so as to avoid and halt more losses should a transaction be contrary to the direction of the open trade of the online merchant.

Set Stop Loss for Bitcoin Orders in MT5 Tools Menu

To open/execute new order to buy or sell a trade use tools menu window within the MetaTrader 5 Software just as shown below.

The New crypto order button for placing a new btcusd trade is highlighted below. (MT5 Short Cut key board Keys 'F9')

How Do I Use Bitcoin Stop Loss Order in MetaTrader 5 Software Platform?

Once you select the new crypto order button as high-lighted & shown above the following bitcoin trade order window popup will appear and you can use this order window popup to set StopLoss Bitcoin Order Area for your new bitcoin trade.

This pop-up includes the settings for placing a new bitcoin cryptocurrency trade order as well as the settings for setting Stop Loss Bitcoin Order Level.

How Do You Trade Bitcoin and Use Stop Loss Bitcoin Order in MetaTrader 5 Software Platform?

The following Stop Loss Crypto Order Settings are provided for establishing a new Stop Loss:

StopLoss Order - Set Stop Loss Bitcoin Order. You can do this after a trade, or for bitcoin orders you are waiting for.

Initiate the endeavor to Buy or Sell Bitcoin Cryptocurrencies by Activating the Subsequent Button Command:

Sell by Market - Open a Sell BTC USD Crypto Trade

Buy by Market - Open a Buy BTC/USD CryptoCurrency Trade

To Buy at current btcusd price and open a new bitcoin crypto order choose the Buy by Market bitcoin order button

If you want to Sell bitcoin at its current price and start a new bitcoin crypto order, pick the Sell by Market btcusd crypto order choice.

After opening your new trade positions, utilize the StopLoss Bitcoin Order Window displayed above to institute and place the Stop Loss Order for that new transaction.

You also can get this panel so that to modify an open buy or sell btcusd crypto trade - To find & get this order panel for a buy bitcoin trade, right-click on opened buy or sell bitcoin cryptocurrency trade, then after that you click 'Modify Order' after you click on modify order button key the above trading order settings button key will pop-up & appear & you can set StopLoss Bitcoin Order using the method/technique described above.

Analyze & Use TP Crypto Orders and Use Stop-Loss Bitcoin Order on the MT5?

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Trade Bitcoin Trading

How Do You Use Bitcoin Stop Loss Order in the MT5 Platform?

How to trade Bitcoin with stop loss order on MT5.

Set Stop Loss for Bitcoin Orders in MT5 Tools Menu