How to Set StopLoss, TakeProfit and Trailing Stop Orders

StopLoss, TakeProfit and Trailing Stop orders

The order data have a special status – they are positional which means they are linked to the concrete position. When this position is closed, all the orders linked to it are deleted.

The Trailing Stop is assigned to protect already received profit and works as follows: the trader specifies the order distance from the market price and the server begins watching the market price change and as it exceeds the specified distance, the server moves the order price to the market price keeping the distance. In case of the trend reversal and when the market moves against the trader’s position, the order works out and the position is closed.

Thus the trader can hold the position profitable till the trend reversal and can gain more profit.

Position orders can be set (placed) while making a deal, as same as when the position is already open. In the «Open positions» Open the context menu by choosing «Position order(s)» in the «Open positions» mode.

To delete order set the corresponding switch in the (off) mode and press «Ok».