How to set up and manage trailing stops?

October 12, 2026 02:06 Updated

Learn how to set up and manage a trailing stop to improve your trading strategy, ensuring better risk management and the potential for maximizing profits. Follow these steps to effectively apply and manage your trailing stop:

Action	Steps
Set up a trailing stop	1. Right click on the open order in the trade tab. 2. Select trailing stop. 3. Choose or enter the number of points to trail the stop.
Modify a trailing stop	1. Right click on the open order in the trade tab. 2. Select trailing stop. 3. Choose a new value (or click custom).
Remove trailing stop	1. Right click on the open order in the trade tab. 2. Select trailing stop. - To remove a single trailing stop, click none. - To remove all trailing stops, click delete all to remove trailing stops from all open and pending orders.

This feature is currently only available on MT5 desktop terminals.