How to Set a Trailing Stop on MT4
What is a Trailing Stop?
It is a dynamic, moving Stop Loss that moves automatically when your order reaches a certain profit.
Why would you set a Trailing Stop?
Because you do not need to wait on your PC or smartphone to get in profit just to move your Stop Loss so your order cannot be closed with loss, but only with profit.
In this lesson and video lesson you will see what is Trailing Stop, how to set Trailing Stop and why you should use Trailing Stop.
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