Trailing Stop in MT5 Platform

[VictorDeni]

Trailing Stop loss is good depending on your understanding of it and how you use it, I think I like the idea behind it, just that when your laptop is off I am not sure if your trailed stop still holds, that is like the only disadvantage I see there

[dushk]

Trailing Stop loss is good depending on your understanding of it and how you use it, I think I like the idea behind it, just that when your laptop is off I am not sure if your trailed stop still holds, that is like the only disadvantage I see there

Yes, Trailing Stop is useful when used in an Expert Advisor, in manual trading I personally very rare using the Trailing Stop. One of the advantage of Trailing Stop it's easy to trailing the stop loss without opening a dialog box and setting it by fix points e.g. 15, 20, 25, 30, etc. Also we can add custom points e.g. 17, 23, 27, etc.

[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.