Forex Trade Manager - Trailing Pending Orders - MetaTrader (MT4 and MT5) - InvestSoft

A Trailing Pending Order is a type of order that follows the market price of an instrument, but is only executed when the price reaches a certain level. In Forex Trade Manager MT4 and MT5, this order can be set as pending buy or pending sell, and its distance from the current market price is expressed in pips. For example, you can set a trailing pending order in forex as a buy stop order 20 pips above the current market price. When the price falls, this order will follow the market price, but when it starts rising, the pending order will remain stationary. This way, if the price reaches the order level, it will be executed and a long trade will be opened. Trailing pending order is a useful tool for risk management and trading strategies in the forex market.

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