Trade Bitcoin Trading

How to Set Bitcoin Trailing StopLoss Order in MetaTrader 4 Platform Software

How to Set a Trailing StopLoss on the MT4

Bitcoin trailing stop loss are stop loss orders in MT4 software that will be adjusted by a number of bitcoin pips once the bitcoin trade has moved in favor of the direction of the online traders trade.

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 crypto 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 crypto 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.

How to Set Bitcoin Trailing StopLoss Orders in MT4 Platform Software

First open a new bitcoin trade and once you have opened a new bitcoin trade follow the step by step tutorial explained below to set a bitcoin trailing stop-loss for this new open bitcoin trade 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

You also can set this bitcoin trailing stop-loss from the MetaTrader4 bitcoin transactions panel

  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

Get More Lessons and Topics:

Forex Seminar Gala

Forex Seminar

Bitcoin Broker