Trade Bitcoin Trading

Configuration of a Trailing Stop Loss Order for Bitcoin Trades within the MT4 Platform

How to Set a Trailing StopLoss on the MT4

Bitcoin trailing stop-loss orders are specific stop-loss instructions within the MT4 platform designed to shift dynamically by a predefined number of bitcoin pips once a Bitcoin trade moves favorably in the direction anticipated by the online trader.

For a buy btcusd crypto trade the trailing stop loss trails the upward bitcoin trend & mechanically/automatically closes the buy bitcoin trade once the bitcoin price starts to drop & move in the opposite market direction of your bitcoin trade. The buy btcusd crypto trade will be automatically liquidated once the btcusd price reaches your trailing stop loss order level.

For a sell btcusd crypto trade the trailing stop loss trails the down-ward bitcoin trend & mechanically/automatically closes the sell bitcoin trade once the bitcoin price starts to rise and move in the opposite direction of your bitcoin trade. The sell btcusd trade will be automatically liquidated once the bitcoin price reaches your trailing stop loss level.

Trailing stop-loss will be adjusted by a number of bitcoin cryptocurrency pips once the bitcoin price moves in the market direction of the bitcoin crypto trade by a given number of bitcoin crypto pips.

Setting Up Trailing StopLoss Orders for Bitcoin Trades within the MT4 Platform Software

To initiate a new bitcoin trade, start by opening the trade and then follow the detailed tutorial below to establish a bitcoin trailing stop-loss on the MT4 bitcoin Trading Platform.

  1. Right-Click the bitcoin position
  2. Choose Trailing Stop option from the popup menu that appears
  3. Choose your trailing stop loss value for the bitcoin trade order
  4. Click the Ok button to set bitcoin trailing stop loss bitcoin order

It is also possible to establish this trailing stop-loss feature for Bitcoin trades directly from the Bitcoin transaction interface in MetaTrader 4.

  1. Select the bitcoin trade order you want to modify and set bitcoin trailing stoploss
  2. Right-click on the bitcoin trade
  3. Choose and Select Modify Order
  4. Choose Trailing Stop from the popup menu
  5. Chose your trailing stop loss value for this bitcoin cryptocurrency order
  6. Click the Ok to set bitcoin trailing stop loss bitcoin order

How to Set and Place a Trailing StopLoss Order on the MT4

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Bitcoin Broker