Trailing Stop in MT5 Platform

[Clausfx]

Trailing stop (trailing stop) is a type of loss limitation, a moving stop that follows the price at a certain distance, expressed in points. That is, if an ordinary fixed stop remains where it was placed, then in the case of a trailing stop, we get an offset after the price, which, with a sharp turn and the beginning of the movement in the opposite direction, will reduce losses or lost profits. This is an interesting solution that may seem inappropriate to many.