How to Set a Stop Loss Stock Indices Order on MT5

How to Add & Modify Stock Indices Stop Loss Orders on MT5

Stock Indices stop loss orders are stock indices orders used to automatically close open stock indices trades in MetaTrader 5 platform. Stock Indices stop loss orders are used by stock indices traders to help reduce stock indices losses & close open stock indices trades once these stock indices trades moves against the traders' position by a specified number of stock indices pips.

StopLoss orders can be set when opening new stock indices trades & stop loss orders can also be set for already opened stock indices trades.

How to Set Stock Indices Stop Loss Orders When Opening New Indices Trades

1. Open a Stock Indices trading chart for the stock indices instrument you want to trade
2. Right Click on the Stock Indices Chart
3. Select New Order button
4. Choose the Set StopLoss Option within this New Order stock indices trading window
5. Specify your Stop Loss level for the stock indices trade that you want to open
6. Choose buy or sell to open a stock indices trade

For a buy stock indices trade the stock indices stop loss order is set below the stock indices price quote you want to buy at and for a sell stock indices trade the stock indices stop loss order is set above the stock indices price quote you want to sell at.

How to Set Stock Indices Stop Loss Orders for Open Indices Trades

Select stock indices trade you want to modify from the MT5 stock indices trade transactions window

1. Right click on the stock indices trade order & select Modify Order
2. Select Stop Loss Field
3. Specify the Stop Loss level for the stock indices trade
4. Click the Modify Order Button Key

How to Set Stop Loss Stock Indices Order on MT5