Indices Trading Set a Indices Stop Loss Order on MT5 iPhone App
How Do I Trade Stock Indices and Set a Indices Stop Loss Order on MT5 iPhone App?
Indices Trading Set SL on MT5 iPhone App
A stoploss order is an order used in indices trading to close an open indices trade if the trade moves against the trader's position by a certain number of pips.
Once the stop loss stock indices order is set at a specific level, this indices stop-loss trading order will automatically close the open indices trade once the stock indices price gets to this stop loss stock indices order stock indices price level. Stop Loss order is used in indices money management so that to prevent further losses if a indices trade is going against the direction of the trader's open trade position.
Set Stop Loss Indices Order Setting When Opening New Stock Indices Order on Tools Menu on MetaTrader 5 iPhone App
To open a new indices order - buy or sell index trade use the tools panel pop up menu within the MT5 Indices Platform as shown below.
The New indices order button key for placing a new index trade is displayed and illustrated & shown below.
Indices Trading Set a Indices Stop Loss Order on MT5 iPhone App?
Once you select the new indices order button as illustrated above following indices trade order window popup will appear & you as the trader can use this trade order panel popup to set the Stop Loss Indices Order Level for your new indices trade.
This pop up includes the settings for placing a new indices trade order as well as settings for setting Stop Loss Indices Order Level.
Indices Trading Set a Indices Stop Loss Order on MT5 iPhone App?
Following Stop Loss Indices Order Setting are specified for placing a new Stop Loss Stock Indices Order:
Indices Stop Loss Trading Order - Set Stop Loss Indices Order, This option can be set after opening trade, or for pending indices orders
Open the Buy or Sell Indices Trade by Clicking the Following Buttons:
- Sell by Market - Open a Sell Indices Trade
- Buy by Market - Open a Buy Indices Trade
To Buy at current stock indices price & open a new indices order select Buy by Market indices order button
To Sell at current stock indices price & open a new indices order select Sell by Market indices order button
After opening the new stock indices trades use the Stop Loss Indices Order Window Panel Above to Set The Stop Loss Indices Order for the New Stock Indices Order
You can also get this window so that to modify an already open buy or sell indices trade - To get this order window panel for a buy indices trade, right click on opened buy or sell indices trade, then after that you click the 'Modify Order' button key after you click on modify order button the above trading order settings button will popup and appear and you can set Stop Loss Indices Order using the procedure explained above.
Indices Trading Set a Indices Stop Loss Trading Order in MT5 iPhone App
