Trailing Buy/Sell Stop

[ncx2]

Hi, some of my brokers offer a trailing buy/sell stop on their web interfaces etc. for trading stocks or other things, is this possible in metatrader? Or is there only the trailing stop loss? I already searched for a mql script and on the market but i didn't really manage to find anything, i could script such a thing myself but i'm not so much into mql just yet, i rather would prefer a tested solution, thanks for any advice.

[Sergey Golubev]

What Is a Trailing Stop and How to Set It

Stop Loss is used for minimizing losses if the security price moves the wrong direction. Once a position becomes profitable, its Stop Loss can be manually moved to a break-even level. Trailing Stop automates this process. This tool is especially useful during a strong unidirectional price movement or when it is impossible to monitor the market continuously for some reason.

Trailing Stop is always associated with an open position or apending order. It is executed in the trading platform rather than on the server like Stop Loss. To set a Trailing Stop, select "Trailing Stop" in the context menu of a position or an order in the "Trading" tab: 

[ncx2]

thanks very much, i totally overlooked i could use it for pending orders too, probably i should have read the manual more deeply earlier but thank you

[Sergey Golubev]

And look at CodeBase too (this link in search): Trailing Stop.