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    Thread: Why mt4 platform don't have trailing stop for minimizing loss?

    1. #51
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      yes my friend it will depend on trader capital and experience to reduce loss in live market if you can practice in de4mo trading then you can try to stop loss on it and manage your capital if you will makes money in demo then apply your strategy and minimize you loss in live account.


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      What broker sites does not have trailing stop to start with? I do have 9 different forex broker sites right now and guess what? All nine that I use using mt4 trading platform has trailing stop. So I don't know what kind of broker site that those not have trailing stop but one thing I am sure that instaforex has trailing stop as I am using it when I trade.


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      Quote Originally Posted by biouscope     
      recently i found the necessity of trailing stops for negative positions. in mt4 platform we have trailing stops for positive position to secure our profits. bit i think we need trailing stops or losing positions for minimizing the loses to.

      today i oped a position and after while it goes -40 and looks like he price will go against my position so. an after some moment it came down to -20 pips and i thought if it is in breakeven il close it. but after 30 min i found it goes -80 pips and i have to close the position imitatively. then i realized if we have trailing stops for loss position then i can secure few pips from this type of condition. so what is ur opinion do we need this ts or not?
      well I found a trailing stop option in instaforex's instatrader. but it is available on a pending order, I mean when you have a pending order, just right click on the line, and there you will find a trailing stop option. I hope that might help you.


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      Quote Originally Posted by afiudin     
      Can anyone give their views. What is a good pip trailing stop in order not to lose. Perhaps it can help beginners, especially me. thank
      Best way to use trailing stop is to use it when your trade is in profit and you can set it according to your currency pair because different pairs have different spread and different average daily movements but one thing i know for sure that you can put a trailing stop as low as the value of spread of your pair. 50 pips trailing stop would be nice choice for average daily movement pairs and for the pairs with higher spread you can use 80 and for silver it must be 150 pips and for gold, 250. It is my own observations and everyone has a right to follow their own way to do it.
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      indeed at this time we cannot use trailing stop at meta trader 4. if we want to use trailing stop we should use meta trader 5 to improve our trading. because I also never used trailing stop during trading so I still use meta trader 4 for the media trading that I use. Moreover, I also want profit always so that while trading, I always avoid using trailing stops which always makes me disappointed if the trend returns from the opponent's open position.


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    7. #56
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      Quote Originally Posted by Edifitri     
      indeed at this time we cannot use trailing stop at meta trader 4. if we want to use trailing stop we should use meta trader 5 to improve our trading. because I also never used trailing stop during trading so I still use meta trader 4 for the media trading that I use. Moreover, I also want profit always so that while trading, I always avoid using trailing stops which always makes me disappointed if the trend returns from the opponent's open position.
      There is big differences between metatrader 4 and metatrader 5, including what we talking now, the trailing stop option. In the metatrader 5 we can easily use the trailing stop option but in the metatrader 4, we also can use the trailing stop option but in the different term and condition. We can use the trailing stop while you have floating or pending order, simple way is use option right click that you will found the trailing stop.


    8. #57
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      Trailing stop is very important factor of meta trader it is a positive attitude for this type of trading to avoid losses


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