How to Set Stop Loss Bitcoin Order on MetaTrader 5
How to Add & Modify Bitcoin Stop Loss Orders on MetaTrader 5
Bitcoin stop loss orders are bitcoin orders used to automatically close open bitcoin trades on MT5 platform. Bitcoin stop loss orders are used by bitcoin traders to help reduce bitcoin losses and close open bitcoin trades once these bitcoin trades moves against the traders' position by a specified number of bitcoin pips.
StopLoss orders can be set when opening new bitcoin trades and stop loss orders can also be set for already opened bitcoin trades.
How to Set Bitcoin Stop Loss Orders When Opening New BTCUSD Trades
- Open a Bitcoin trading chart for the crypto instrument you want to trade
- Right Click on the Bitcoin Chart
- Select New Order button
- Select the Set StopLoss Option within this New Order bitcoin trading window
- Specify your StopLoss level for the bitcoin trade that you want to open
- Choose buy or sell to open a bitcoin trade
For a buy bitcoin trade the bitcoin stop loss order is set below the bitcoin trading price quote you want to buy at & for a sell bitcoin trade the bitcoin stop loss order is set above the bitcoin price quote you want to sell at.
How to Set Bitcoin Stop Loss Orders for Open BTCUSD Trades
Select bitcoin trade you want to modify from MT5 bitcoin trade transactions window
- Right click on the bitcoin trade order and choose Modify Order
- Select Stop Loss Field
- Specify the StopLoss level for the bitcoin trade
- Click the Modify Order Button
How to Set Stop Loss Bitcoin Order on MetaTrader 5
