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How to Put Stop Loss on MetaTrader 4

How to Add and Modify Stop Losses on MT4

XAUUSD stop losses are orders used to automatically close open trades in MT4 platform. Stop losses are used by traders to help cap losses & close open transactions once these trade transactions move contrary the traders' position by a particular number of pips.

Stop Loss orders can be set when executing new trades & stop losses can also be set for already opened trades.

How to Put StopLoss When Opening New Trades

  1. Open a chart for the instrument you as the trader want to trade
  2. RightClick the Chart
  3. Choose New Order button
  4. Select the Set Stop-Loss Option within this New Order trade window
  5. Specify your Stop Loss level for the trade that you as the trader want to open
  6. Choose buy/sell to open a trade position

For a buy trade the stop-loss is set below the price quote you as a trader want to buy at & for a sell xauusd trade the stop-loss is set above the price quote you as a trader want to sell at.

How to Put StopLoss for Open Trades

Select trade you want to modify from Meta Trader 4 trades window panel

  1. Right click the trade order and choose Modify Order
  2. Choose Stop Loss Order Field
  3. Specify the StopLoss level for the trade
  4. Click the Modify Order Button

How to Put Stop Loss in MetaTrader 4

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