Order placement questions!

Beginner Questions
1

Hi there guys. I just got done going through the school here and have started some trading. I do have a couple questions though.

If I go long in a position, specify my stop loss and trailing stop, is this information saved on the trading server? So if I accidentally close MetaTrader/Oanda’s FXTrader all that information will remain? Or is it all held within the corresponding trading software?

Thanks for your time answering my question.

Matt

2

With Oanda its in their server.

3

I have feeds from North Finance & Alpari with metatrader 4
& when my computer is turned off all the info is saved.

4

Yes, for all platforms I have seen your orders stay live whether you are logged on or not. Certainly with Oanda you can specify a time after which the order is taken off their server

5

Unless they’ve changed MT4 recently, Stop Losses are saved on the broker’s server, but Trailing Stops are not. They reside on your computer so, if you turn your MT4 off, then your Trailing Stop will not function.

BTW, Oanda doesn’t have Trailing Stops.