is there a way to set an automatic stop loss with mt5 or mt5 mobile?

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bluejack81mt5
50
bluejack81mt5  

lets saying trading micro futures /mnq and i want to short it at 9300, i want an automatic stop loss to be set at 9303


also if possible, is there a way to get it to keep setting the stop loss as it goes down, so at 9299, the stop loss gets moved to 9302, but if it moves back up to 9300, the stop loss doesnt move?

Nelson Wanyama
809
Nelson Wanyama  
bluejack81mt5:

lets saying trading micro futures /mnq and i want to short it at 9300, i want an automatic stop loss to be set at 9303


also if possible, is there a way to get it to keep setting the stop loss as it goes down, so at 9299, the stop loss gets moved to 9302, but if it moves back up to 9300, the stop loss doesnt move?

Yeah. On mt5 for pc.

bluejack81mt5
50
bluejack81mt5  
Nelson Wanyama:

Yeah. On mt5 for pc.

awesome. how?

Francisco Jose Castro Cabal
254
Francisco Jose Castro Cabal  
bluejack81mt5:

awesome. how?

its called trailing stop. you can search for a tutorial on google.

here is a link that explains how to do it on mt5.

https://www.tradingmasters.io/metatrader/how-to-use-trailing-stops-mt5


you have to open a position before setting the trailing stop.

How to use Trailing Stop on MT5
How to use Trailing Stop on MT5
  • www.tradingmasters.io
In this article, we will explain how to apply trailing stop on MT5 (MetaTrader 5). As you may well know, this is the most popular professional platform in online trading and is a worldwide success due to several factors that we have already explained in our MetaTrader guide . Simply put, an advanced trading platform that offers everything you...
Emir Revolledo
7760
Emir Revolledo  
You must have a vps or you can leave your laptop/pc open and use trailing stop.
bluejack81mt5
50
bluejack81mt5  
awesome, thanks yall!!
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