What is the Difference between Stop Loss CFDs Order and Trailing Stop?

A stop loss is set at a particular level and this level remains constant while for a trailing stop loss the stop loss level keeps moving with the change in cfds price - trailing stop is updated as the cfds price moves.

What is Stop Loss CFDs Order in MetaTrader 4 Platform?

A stop loss cfd order is an order used in cfd to close an open trade if the trade moves against the trader's position by a certain number of pips.

Once the stop loss cfd order is set at a specific level, this stop loss cfd order will automatically close-out the open trade once the chart gets to this stop loss order cfds price level. Stop-loss order is used in cfd money management so as to prevent further losses if a trade position is going against direction of the trader's open trade position.

What is Trailing Stop Loss CFDs Order?

A trailing stop loss is a stop loss levels that keeps adjusting itself automatically by a set number of pips once the cfd market moves in direction of the trader's open trade by a number of pips.

For examples the trailing stop can be set at 30 pips and set to adjust itself to 30 pips automatically once the cfd moves up by 5 or 10 pips. This means that this trailing stop loss cfd order will keep trailing the cfds price as long as the cfds price keeps heading in direction of the trader's open position.

This trailing stop-loss will close the order once the cfd market starts to retrace & it retraces to the level of the most recent set trailing stop loss level.