CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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How to set up and manage trailing stops?
A trailing stop is a risk management tool that moves with the market price to lock in profits and limit losses. To set, modify, or remove a trailing stop, right-click the open order in the trade tab, select trailing stop, and choose the desired option or value. You can remove individual or all trailing stops from orders.
What a trailing stop does
Function
Explanation
Moves with favorable price movement
The stop level follows the market when the price moves in your favor.
Does not move backward
If the market reverses, the trailing stop stays at its last adjusted level.
May close the trade
If the market reaches the trailing stop level, the position may be closed.
How to set up a trailing stop
Step
Action
1
Open the Trade tab in MT5.
2
Right-click the open position.
3
Select Trailing Stop.
4
Choose an available trailing stop value or select a custom value.
How to modify a trailing stop
Step
Action
1
Right-click the open order in the Trade tab.
2
Select Trailing Stop.
3
Choose a new value or select a custom value.
How to remove a trailing stop
Action
Steps
Remove one trailing stop
Right-click the order, select Trailing Stop, then click None.
Remove all trailing stops
Right-click the order, select Trailing Stop, then click Delete All.
Important notes
The trading platform must remain open and connected for the trailing stop to update.
A trailing stop is stored locally on the platform and may not continue updating if MT5 is closed.
Execution at the exact trailing stop level is not guaranteed during high volatility, low liquidity, or market gaps.
