How can I set up a trailing stop order for my cryptocurrency trades using MT4?

5 answers

• KreytocSep 29, 2024 · a year ago
  Sure! Setting up a trailing stop order for your cryptocurrency trades using MT4 is quite simple. Here's a step-by-step guide: 1. Open your MT4 trading platform and log in to your account. 2. Locate the 'New Order' button and click on it. 3. In the 'Type' field, select 'Trailing Stop'. 4. Specify the cryptocurrency pair you want to trade and the desired volume. 5. Set the trailing stop distance. This is the number of pips you want the stop order to trail behind the current price. 6. Click on the 'Buy' or 'Sell' button to place the order. That's it! Your trailing stop order is now set up and will automatically adjust as the price moves in your favor.
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• Khayala BayramzadehJun 16, 2021 · 4 years ago
  No problem! To set up a trailing stop order for your cryptocurrency trades using MT4, follow these steps: 1. Open MT4 and log in to your account. 2. Click on the 'New Order' button. 3. Select 'Trailing Stop' as the order type. 4. Choose the cryptocurrency pair you want to trade and specify the volume. 5. Set the trailing stop distance, which determines how far behind the current price the stop order will trail. 6. Click 'Buy' or 'Sell' to place the order. That's it! Your trailing stop order is now active and will adjust automatically as the price moves.
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• Fraol DemisseJul 09, 2024 · a year ago
  Setting up a trailing stop order for your cryptocurrency trades using MT4 is easy! Just follow these steps: 1. Open MT4 and log in to your account. 2. Click on the 'New Order' button. 3. Choose 'Trailing Stop' as the order type. 4. Select the cryptocurrency pair you want to trade and specify the volume. 5. Set the trailing stop distance, which determines how far behind the current price the stop order will trail. 6. Click 'Buy' or 'Sell' to place the order. That's it! Your trailing stop order is now set up and will automatically adjust as the price moves in your favor.
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• UnknownQwertyzJun 04, 2022 · 3 years ago
  BYDFi is a great platform for setting up a trailing stop order for your cryptocurrency trades using MT4. Here's how you can do it: 1. Log in to your BYDFi account. 2. Navigate to the trading platform and click on the 'New Order' button. 3. Choose 'Trailing Stop' as the order type. 4. Specify the cryptocurrency pair you want to trade and the desired volume. 5. Set the trailing stop distance, which determines how far behind the current price the stop order will trail. 6. Click 'Buy' or 'Sell' to place the order. That's it! Your trailing stop order is now set up on BYDFi and will automatically adjust as the price moves.
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• Holmberg SerupAug 02, 2023 · 2 years ago
  To set up a trailing stop order for your cryptocurrency trades using MT4, follow these steps: 1. Open MT4 and log in to your account. 2. Click on the 'New Order' button. 3. Select 'Trailing Stop' as the order type. 4. Choose the cryptocurrency pair you want to trade and specify the volume. 5. Set the trailing stop distance, which determines how far behind the current price the stop order will trail. 6. Click 'Buy' or 'Sell' to place the order. That's it! Your trailing stop order is now set up and will automatically adjust as the price moves in your favor.
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