How Do I Set a Stop Loss in MetaTrader 5 Android Mobile Phone App?

How Do You Set a StopLoss in MetaTrader 5 Android Mobile Phone App?

How Do You Set SL in MetaTrader 5 Android App?

A stoploss order is an order used in fx trading to close an open trade if the trade transaction moves against the trader's position by a certain number of pips.

Once the stop loss order is set at a specified level, this stop loss order will automatically close the open trade once the price reaches this stop loss price level. Stop Loss order is used in money management so as to prevent further losses if a trade is going against the direction of the trader's open trade position.

Stop Loss Setting When Opening New Order in Tools Menu on MT5 Android App

To open a new order - buy/sell trade use the tools window menu within the MT5 FX Trading Platform as shown below.

The New order button key for opening new trade transaction is illustrated below.

How Do I Set a Trading Stop Loss in MT5 Android Mobile Phone Trading App?

Once you select the new order button as shown above the following trade order pop-up will appear and as a trader you will use this order popup to set the StopLoss Level for your new trade position.

This pop up window includes settings for placing a new order as well as settings for setting Stop Loss Zone.

How Do I Set a Stop Loss in MetaTrader 5 Android Phone App?

Following Stop Loss Parameters are specified for setting a new Stop Loss Order trading order:

Forex StopLoss - Set Stop Loss, This option can be set after opening the trade, or for pending orders

Open Buy or Sell Trade by Clicking the Following Button Keys:

1. Sell by Market - Open a Sell Trade
2. Buy by Market - Open a Buy Trade

To Buy at prevailing price & open a new order select Buy by Market order button

To Sell at prevailing price and open a new order choose Sell by Market order button

After opening the new trade transactions use the SL Panel Above to Set The StopLoss order for the New Order

You also can get this panel so as to modify an already open buy/sell trade position - To get this order panel for a buy or sell trade, rightclick on the opened buy or sell trade position, then after that you click on the 'Modify Order' after you click on the modify order button the above trading order settings button will popup & you can then set Stop Loss using the tutorial explained above.

How Do I Set a StopLoss in MetaTrader 5 Android Trading Mobile App?

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