What's Difference between Stop Loss Commodities Trading 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 commodities trading price - trailing stop is updated as the commodities trading price moves.

What is Stop Loss Commodities Order in MetaTrader 4 Platform?

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

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

What is a Trailing Stop Loss Commodity Trading Order?

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

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

This trailing stoploss will close the order once the commodity market starts to retrace and it retraces to the level of the most recent set trailing stop loss level.