Are there any limitations or risks associated with using trailing stop orders on the MT4 mobile app for trading cryptocurrencies?

3 answers

• Dec 16, 2021 · 3 years ago
  Using trailing stop orders on the MT4 mobile app for trading cryptocurrencies can have certain limitations and risks. One limitation is that the trailing stop order may not execute at the exact desired price due to market volatility. This means that the actual execution price may be slightly different from the stop price set by the trader. Additionally, there is a risk of slippage, which occurs when the order is executed at a different price than expected. Traders should also be aware that trailing stop orders are not guaranteed to protect against losses in all market conditions. It is important to carefully monitor the market and adjust the trailing stop order accordingly to mitigate risks.
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• Dec 16, 2021 · 3 years ago
  When using trailing stop orders on the MT4 mobile app for trading cryptocurrencies, it is important to consider the potential limitations and risks. One limitation is that trailing stop orders are only active when the MT4 mobile app is running and connected to the internet. If there is a loss of internet connection or if the app crashes, the trailing stop order may not be executed as intended. Additionally, traders should be aware that trailing stop orders are not foolproof and may not always protect against significant market fluctuations. It is important to set the trailing stop distance and step size appropriately to avoid unnecessary triggering of the stop order. Overall, while trailing stop orders can be a useful tool for managing risk, traders should be aware of these limitations and risks and use them judiciously.
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• Dec 16, 2021 · 3 years ago
  Using trailing stop orders on the MT4 mobile app for trading cryptocurrencies can have certain limitations and risks. It is important to note that different cryptocurrency exchanges may have different rules and limitations regarding trailing stop orders. Traders should familiarize themselves with the specific rules and limitations of the exchange they are using. Additionally, it is important to consider the potential risks associated with market manipulation and sudden price movements in the cryptocurrency market. Traders should carefully assess the market conditions and adjust their trailing stop orders accordingly. Overall, while trailing stop orders can be a useful tool for managing risk, traders should be aware of the limitations and risks involved and make informed decisions based on their own risk tolerance and market analysis.
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