I’ve been using my phone to trade and it’s a bit frustrating when I have to switch to desktop to set a trailing stop. Would really appreciate it if someone could please tell me how to set a trailing stop on the app.
Thanks!
I’ve been using my phone to trade and it’s a bit frustrating when I have to switch to desktop to set a trailing stop. Would really appreciate it if someone could please tell me how to set a trailing stop on the app.
Thanks!
Hi @g12863,
As with MT4, the trailing stop for MT5 “is executed in the trading platform rather than on the server”. That means you must place your trailing stop on the desktop platform and keep the platform running at all times for the trailing stop to execute.
One solution is to run your desktop MT5 platform on a virtual private server (VPS). You can then connect to the VPS from your phone using a remote desktop app like RD Client.
And to keep your desktop up and running 24/7, disable standby/sleep/hibernation. Depending on your device, this could be a simple on/off switch or something that needs to be configured for multiple power profiles, so depending on whether you’re on battery power or plugged into the wall for power.