How to use Trailing stops in MT4 | Forex Factory

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How to use Trailing stops in MT4

  • #1
  • First Post: Jan 4, 2007 12:21pm Jan 4, 2007 12:21pm
Dear friends, I put a trailing stop for 25 pips after I executed a trade, the price went up 40 pips and when it came down the system did not take me out at the trailing stop instead I was taken out by the stop loss which was way lower than the trailing stop. Am I doing something wrong here.
(I right clicked on the trade and checked the 25 mark on trailing stop.)
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  • #2
  • Jan 4, 2007 2:30pm Jan 4, 2007 2:30pm
Quoting jattputt
Dear friends, I put a trailing stop for 25 pips after I executed a trade, the price went up 40 pips and when it came down the system did not take me out at the trailing stop instead I was taken out by the stop loss which was way lower than the trailing stop. Am I doing something wrong here.
(I right clicked on the trade and checked the 25 mark on trailing stop.)
Did you leave the MT4 platform running and connected to the internet? Trailing stops are maintained on your terminal not on the server like SL and TP. Your trade platform has to keep sending the new SL level to the broker as the price changes.
  • #3
  • Jan 4, 2007 2:43pm Jan 4, 2007 2:43pm
did it look like this and did you leave the chart open the entire time the trade was on and did the connection stay up?

If the answer to any of these is no, then the TS could not have updated..
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  • #4
  • Jan 4, 2007 3:01pm Jan 4, 2007 3:01pm
Thanks for the prompt reply. The consol did not look like the picture you had sent. I did turn off the computer, went to work, came back after ~ 10 hours and checked, that's when I found out that the trailing stop did not take me out. Do I have to leave the computer on all this time and stay conected to the internet for trailing stop to work. thanks once again.
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  • #5
  • Jan 4, 2007 3:08pm Jan 4, 2007 3:08pm
Does the chart actually be up on the screen or can it just be minimized?
  • #6
  • Jan 4, 2007 3:16pm Jan 4, 2007 3:16pm
No the chart does not have to be up, but the account has to be active.
In other words, you cannot set the TS and then login to another account number. It runs fine minimized


Quoting PTOURNIS
Does the chart actually be up on the screen or can it just be minimized?
  • #7
  • Jan 4, 2007 4:01pm Jan 4, 2007 4:01pm
thanks smjones, what if I am monitoring my account from two different locations, eg from my home and office. Do I need to set trailing stops at both the locations, how does that work.
Find an Edge. Only way to succeed in this business.
  • #8
  • Jan 4, 2007 4:03pm Jan 4, 2007 4:03pm
No, the one that you originaly setup will control the TS. However, if you wish, you could cancel the TS at your home before you left for work and then activate them on your computer at work.

What I usually do is leave them running at my home and the n monitor them from my office. If I want to close a trade from my office, I can and that will automatically cancel the TS for that trade at home.


Quoting jattputt
thanks smjones, what if I am monitoring my account from two different locations, eg from my home and office. Do I need to set trailing stops at both the locations, how does that work.
  • #9
  • Last Post: Jan 4, 2007 4:30pm Jan 4, 2007 4:30pm
thanks smjones for explaining it in detail.
Find an Edge. Only way to succeed in this business.
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