Bitcoin Trading Set a Stop Loss Cryptocurrency Order in MetaTrader 5 Android App
How Do I Trade Cryptocurrency and Set a Stop Loss Cryptocurrency Order in MetaTrader 5 Android App?
Trading Bitcoin Set SL on MT5 Android App
A stop loss bitcoin order is an order used in bitcoin trading to close an open trade if the trade moves against the trader's position by a certain number of pips.
Once the stop loss cryptocurrency trading order is set at a specified level, this stop loss cryptocurrency order will automatically close-out the open bitcoin trade once the bitcoin trading price gets to this stop loss cryptocurrency order bitcoin price level. Stop-loss order is used in bitcoin money management so that to prevent further losses if a bitcoin trade is going against the direction of the trader's open trade position.
Set Stop Loss Bitcoin Order Setting When Opening New Bitcoin Order in Tools Menu on MetaTrader 5 Android App
To open a new cryptocurrency trade order - buy or sell btcusd trading use the tools pop up menu within the MT5 Bitcoin Platform as shown below.
The New crypto order button for placing a new btcusd trading is shown below.
Crypto Trading Set a Stop Loss Crypto Order in MetaTrader 5 Android Phone App?
Once you select the new crypto order button as illustrated and shown above the following bitcoin trade order pop up window panel will pop-up & as a trader you can use this trade order popup window panel to set the StopLoss Bitcoin Order Level for your new bitcoin trade.
This popup includes the settings for placing a new bitcoin trade order as well as settings for setting StopLoss Bitcoin Order Level.
How Do You Trade Crypto and Set a Stop Loss Crypto Order in MetaTrader 5 Android Phone App?
Following Stop Loss Bitcoin Order Settings are specified for placing a new Stop Loss BTCUSD Crypto Order:
Stop Loss Cryptocurrency Order - Set Stop Loss Bitcoin Order, This option can be set after opening trade, or for pending bitcoin orders
Open the Buy or Sell Bitcoin Trade by Clicking the Following Buttons:
- Sell by Market - Open a Sell Bitcoin Trade
- Buy by Market - Open a Buy Bitcoin Trade
To Buy at current bitcoin trading price & open a new cryptocurrency order select the Buy by Market bitcoin order button
To Sell at current bitcoin trading price & open a new bitcoin order select the Sell by Market bitcoin order button
After you open the new cryptocurrency trades use the Stop Loss Bitcoin Order Window Above to Set The Stop Loss Bitcoin Order for the New Cryptocurrency Order
You can also get this window panel so that to modify an already open buy or sell bitcoin trade - To find & get this order window panel for a buy bitcoin trade, right-click on the opened buy or sell bitcoin trade, then after that you click the "Modify Order" after you click on modify order button key the above trading order settings button key will pop up and appear & you can set the Stop Loss Bitcoin Order using the procedure described above.
Analyze & Set a Stop Loss Cryptocurrency Order in MetaTrader 5 Android Phone App?
