How Do You Set a Trailing Stop Loss on MetaTrader 4?

To set trailing stop pending order areas on MetaTrader 4 you'll need to setup an automated Expert-Advisor or automated trading forex script that will then update your trailing stop loss order automatically on the MetaTrader 4 platform after you open a forex trade.

You will need to specify the number of pips that this trailing stop will use to set the trailing stop loss level.