Bitcoin Trading Set a Stop Loss Cryptocurrency Order in MetaTrader 5 iPhone App
How Do I Trade Cryptocurrency and Set a Stop Loss Cryptocurrency Order in MetaTrader 5 iPhone App?
Trading Bitcoin Set SL on MT5 iPhone 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 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 position 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 MT5 iPhone App
To open a new cryptocurrency trading order - buy or sell btcusd trading trade use tools menu within the MT5 Bitcoin Platform as shown below.
The New crypto order button for placing a new btcusd trading trade is shown below.
Crypto Trading Set a Stop Loss Crypto Order in MT5 iPhone App?
Once you select the new crypto order button as illustrated and shown above the following bitcoin trade order pop up window will pop-up & as a trader you can use this trade order popup window to set the StopLoss Bitcoin Order Level for your new bitcoin trade transaction.
This pop-up includes the settings for placing a new bitcoin trade order as well as settings for setting StopLoss Bitcoin Order Level.
Crypto Trading Set a Stop Loss Crypto Order in MT5 iPhone App?
Following Stop Loss Bitcoin Order Setting 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 the trade, or for pending bitcoin orders
Open the Buy or Sell Bitcoin Trade by Clicking the Following Button Keys:
- Sell by Market - Open a Sell Bitcoin Trade
- Buy by Market - Open a Buy Bitcoin Trade
To Buy at current bitcoin price & open a new cryptocurrency order choose the Buy by Market bitcoin order button
To Sell at current bitcoin price & open a new bitcoin order choose 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 so that to modify an already open buy or sell bitcoin trade - To find and get this order window panel for a buy bitcoin trade, right click in 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 and Set a Stop Loss Cryptocurrency Order in MT5 iPhone App?
