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

[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?

[[Deleted]]

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]

Nelson Wanyama:

Yeah. On mt5 for pc.

awesome. how?

[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.

[Emir Revolledo]

You must have a vps or you can leave your laptop/pc open and use trailing stop.

[bluejack81mt5]

awesome, thanks yall!!