What is the Difference between Stop Loss Indices Order and Trailing Stop in Indices Trading?

A stop loss is set at a particular level and this level remains constant while for a trailing stop loss the stop loss level keeps moving with the change in stock indices price - trailing stop is updated as the stock indices price moves.

What is Stop Loss Indices Order on MetaTrader 4?

A stop loss indices order is an order used in indices trading to close an open trade if the trade moves against the indices trader's position by a certain number of pips.

Once the stop loss stock indices order is set at a particular level, this stop loss stock indices order will automatically close the open trade once the chart gets to this stop loss stock indices order stock indices price level. Stop loss order is used in indices trading money management so as to prevent further losses if a trade position is going against the direction of the indices trader's open trade position.

What is a Trailing Stop Loss Indices Order?

A trailing stop loss is a stop loss levels that keeps adjusting itself automatically by a set number of pips once the stock indices trading market moves in the direction of the indices trader's open position by a number of pips.

For example the trailing stop can be set at 30 pips and set to adjust itself to 30 pips automatically once the indices price moves up by 5 or 10 pips. This means that this trailing stop loss stock indices order will keep trailing the stock indices price as long as the stock indices price keeps moving in the direction of the indices trader's open position.

This trailing stop loss will close the order once the stock indices trading market starts to retrace and it retraces to the level of the most recent set trailing stop loss level.