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Automatic Stop Loss on MetaTrader 5 - how to do it? [Video]
The problem with stop loss orders is always the same - where to set them. And there is no clear answer to this question. But assuming that we already have our own strategy, which is based on fixed distance stop losses expressed in pips, a percentage of the value of the transaction or placing distant defense orders "just in case", we can automate this activity. Of course, if we use platforms that offer support for automatic strategies. One of them is the king Forex platforms - MetaTrader. And in this episode we'll show you how you can automate the auto-SL adding process on this app.
What will you learn from the video
-
Who needs automatic stop loss?
- How do slot machines work on MetaTrade, what do you need to remember?
- Auto SL on MT5 - available (free) tools.
- Configuration and use.
You have to see:
The partner of the educational cycle is Tickmill broker.
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