How to setup Stop Loss / Take Profit & Trailing Stop on MT5
Learn how to place stop loss, take profit and trailing stop orders on Metatrader 5 - MT5 step by step.
In this video you will learn how to :
Place a stop loss order
Take profit order
Trailing stop odder
Modify excising orders
how to secure profits
And many more tips on how to use the stop loss / take profit and Trailing stop orders on Metatrader 5 - MT5 .
A stop-loss is designed to allow you to pick how much you are willing to risk with your trade, while a take profit is pretty much the exact opposite. It allows you to set how much you are willing to make as a profit with one trade and close it once you're happy with the amount.
Trailing stop is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor's favor
#forex #mt5 #metatrader5
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