Immediate 'trailing stop' after opening position?

[FOREX.com]

@wispa

Is there a tool like a trailing stop which takes effect as soon as a position is opened (rather than after a certain level of profit is reached)? For example, if shorting EUR/USD at 1.17800 with a stop loss at 1.18000 (20 pips), then a price movement to 1.17799 would cause the stop loss to move to 1.17999.

Hi @wispa,

The trailing stop on the MetaTrader 4 (MT4) platform can move your stop by 1 pip each time the market moves in favor of your trade by 1 pip.

It’s important to note that with MT4 you must remain logged in for your trailing stop to work.

If you are new to MT4, you are welcome to try a free demo account with FOREX.com to test the trailing stop functionality.