FAQs

You can set up a Trailing Stop on MT4 by right-clicking on an open trade, selecting “Trailing Stop” and clicking on the points value required. As soon as you do this, the system starts to automatically check with each new incoming quote whether the trade is profitable. Once the profit in points becomes equal to … Continued

Yes, this is possible. If you have a Buy position, for example, you need to place your Take Profit above the current market price. If you are placing Take Profit when your trade is in loss and do not set it not far enough above the current market price (in other words, if you place … Continued

As this was a Sell position, your Stop Loss had to be triggered at the Ask price. Remember that the price shown on the MT4 charts is the Bid price and the spread needs to be added to it in order to obtain the actual Ask price at the time.

All four are types of pending orders or, in other words, orders to open a new trade when the price reaches a predefined level. Buy Stop and Buy Limit will be triggered when the Ask price reaches the specified level and Sell Stop and Sell limit will be filled at the Bid price. Buy Stop – … Continued