What's Difference between Stop Loss Commodity Trading Order and Trailing Stop in Commodity Trading?

A stop loss is set at a particular level and this level remains constant while for a trailing stop loss the stop loss level keeps moving with the change in commodity price - trailing stop is updated as the commodity price moves.

What's Stop Loss Commodity Order on MetaTrader 4 Platform?

A stop-loss order is an order used in commodity trading to close an open trade if the trade moves against the trader's position by a certain number of pips.

Once the stoploss order is set at a specific level, this stoploss order will automatically close-out the open trade once the chart gets to this stoploss order commodity price level. Stop-loss order is used in commodity trading money management so that to prevent further losses if a trade position is going against the direction of the trader's open trade position.

What's Trailing Stop Loss Commodity Trading Order?

A trailing stop-loss is a stop-loss levels that keeps adjusting itself automatically by a set number of pips once the commodities trading market moves in direction of the trader's open trade by a number of pips.

For example the trailing stop can be set at 30 pips and set to adjust itself to 30 pips automatically once the commodity price moves up by 5 or 10 pips. This means that this trailing stop-loss order will keep trailing the commodity price as long as the price keeps moving in direction of the trader's open position.

This trailing stop loss will close the order once the commodities trading market starts to retrace and it retraces to the level of the most recent set trailing stop-loss level.