MarsTheRobot: I'm new to using MT5 and had wondered for a while now if it's possible to set a stop loss in the profit area. What I mean by this is that when there's structure in the market and we have swing highs and lows, is it possible to set our stop loss at the previous swing high/ low that's in a profit area? Makes sense right? I hope so. Anyway does anyone know how to do this? I know how to set the standard stop loss and take profit but thought this function would be good for when I'm not around at my computer.
Its called a Trailing-Stop! All you you do is update your Stop-Loss with a new Stop-Loss!
Fernando Carreiro:
Its called a Trailing-Stop! All you you do is update your Stop-Loss with a new Stop-Loss!
Its called a Trailing-Stop! All you you do is update your Stop-Loss with a new Stop-Loss!
Thank you Fernando! You saved me :)
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Hey everyone,
I'm new to using MT5 and had wondered for a while now if it's possible to set a stop loss in the profit area. What I mean by this is that when there's structure in the market and we have swing highs and lows, is it possible to set our stop loss at the previous swing high/ low that's in a profit area?
Makes sense right? I hope so. Anyway does anyone know how to do this? I know how to set the standard stop loss and take profit but thought this function would be good for when I'm not around at my computer.
Thanks everyone :)