Trailing Stop – A dynamic stop-loss that “trails” the price as it moves in favor of the trade. In MT4/5 you can set a trailing stop on an open position, which will automatically adjust the SL as new highs/lows are reached (once equity allows). This is configured via the Trade tab (right-click on position > Trailing Stop). It is not an order type but an automated action by the client terminal.

Back to Robots Glossary Index