In MT4/MT5, a trailing stop automatically adjusts the stop-loss level based on market movements. If the price moves in a favorable direction, the stop-loss is updated accordingly, allowing profits to grow. Conversely, if the price moves unfavorably, the trade is automatically closed at the set stop-loss level, limiting potential losses.

Steps to Set a Trailing Stop in MT4/MT5

• Open the "Trade" tab in the "Terminal" (or "Toolbox" in MT5).
• Right-click on the position you want to enable the trailing stop for.
• Select "Trailing Stop" from the menu and set the desired price distance.

For a detailed guide on setting up a trailing stop, please refer to the MetaTrader 4/5 User Guide.

Place trailing stop order

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