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

4 answers

• terrisSep 10, 2023 · 2 years ago
  Sure, setting up a trailing stop order on MT4 for your cryptocurrency trades is quite simple. Here's how you can do it: 1. Open your MT4 trading platform and log in to your account. 2. Locate the cryptocurrency pair you want to trade and right-click on it. 3. From the drop-down menu, select 'New Order'. 4. In the 'Type' field, choose 'Trailing Stop'. 5. Set the desired parameters for the trailing stop order, such as the distance from the current price and the trailing stop step. 6. Enter the amount you want to trade and click 'Buy' or 'Sell' to execute the order. That's it! Your trailing stop order is now set up for your cryptocurrency trades on MT4. It will automatically adjust the stop loss level as the price moves in your favor, helping you protect your profits.
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• nodusNov 05, 2024 · 8 months ago
  No problem! To set up a trailing stop order for your cryptocurrency trades on MT4, follow these steps: 1. Open the MT4 platform and log in to your account. 2. Find the cryptocurrency pair you want to trade and right-click on it. 3. Select 'New Order' from the drop-down menu. 4. In the 'Type' field, choose 'Trailing Stop'. 5. Specify the parameters for the trailing stop order, such as the distance from the current price and the trailing stop step. 6. Enter the amount you wish to trade and click 'Buy' or 'Sell' to execute the order. That's it! Your trailing stop order is now set up for your cryptocurrency trades on MT4. It will automatically adjust the stop loss level as the price moves in your favor, helping you lock in profits.
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• Edison Ramos DeguzmanDec 17, 2023 · 2 years ago
  Setting up a trailing stop order for your cryptocurrency trades on MT4 is a breeze! Just follow these steps: 1. Open your MT4 trading platform and log in. 2. Locate the cryptocurrency pair you want to trade and right-click on it. 3. Choose 'New Order' from the drop-down menu. 4. In the 'Type' field, select 'Trailing Stop'. 5. Set the parameters for the trailing stop order, such as the distance from the current price and the trailing stop step. 6. Enter the amount you want to trade and click 'Buy' or 'Sell' to execute the order. That's it! Your trailing stop order is now set up on MT4 for your cryptocurrency trades. It will automatically adjust the stop loss level as the price moves in your favor, helping you maximize your profits.
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• NSANZABARINDA TheonesteApr 22, 2021 · 4 years ago
  BYDFi is a great platform for setting up a trailing stop order for your cryptocurrency trades on MT4. Here's how you can do it: 1. Log in to your BYDFi account and access the MT4 trading platform. 2. Find the cryptocurrency pair you want to trade and right-click on it. 3. Select 'New Order' from the drop-down menu. 4. Choose 'Trailing Stop' as the order type. 5. Specify the parameters for the trailing stop order, such as the distance from the current price and the trailing stop step. 6. Enter the amount you wish to trade and click 'Buy' or 'Sell' to execute the order. That's it! Your trailing stop order is now set up for your cryptocurrency trades on MT4 through BYDFi. It will automatically adjust the stop loss level as the price moves in your favor, ensuring you protect your profits.
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