How Do You Use Bitcoin Stop Loss Order on MT5?

How Do I Trade Bitcoin and Use Stop Loss Bitcoin Order on MT5?

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

Once the stop loss cryptocurrency trading order is set at a specified level, this stop loss crypto order will automatically close-out the open trade once the price chart gets to this stop loss crypto order bitcoin crypto currency price level. Stop-loss order is used in btcusd trading equity management so that to prevent further losses if a trade transaction is going against the direction of the trader's open trade.

Set Stop Loss Bitcoin Order Setting When Opening New Bitcoin Order in Tools Menu on MT5

To open new order to buy or sell a trade transaction use tools menu window within the MetaTrader 5 Platform as shown below.

The New crypto order button for placing a new btcusd trade is highlighted below. (MT5 Short Cut key-board Keys 'F9')

How Do I Use Bitcoin Stop Loss Order on MT5?

Once you select the new crypto order button as high-lighted & shown above the following bitcoin trade order panel pop up will appear & you can use this trade order panel pop up to set StopLoss Bitcoin Order Area for your new bitcoin trade.

This pop-up includes the settings for placing a new bitcoin crypto currency trade order as well as the settings for setting Stop Loss Bitcoin Crypto Currency Order Level.

How Do I Trade Bitcoin and Use Stop Loss Bitcoin Order on MT5?

Following Stop Loss Bitcoin Crypto Currency Order Settings are specified for placing a new StopLoss:

Stop Loss Order - Set Stop Loss Bitcoin Crypto Currency Order, This option can be set after opening a trade transaction, or for pending btcusd crypto orders

Open the Buy or Sell Bitcoin Crypto Currency Trade by Pressing the Following Button Keys:

Sell by Market - Open a Sell BTCUSD Crypto Trade
Buy by Market - Open a Buy BTCUSD Crypto Trade

To Buy at current btcusd crypto price and open a new bitcoin crypto order choose the Buy by Market bitcoin crypto currency order button

To Sell at current bitcoin crypto currency price and open a new bitcoin crypto currency order select the Sell by Market btcusd crypto order button

After you open the new trade transactions use the StopLoss Bitcoin Order Window Above to Set The Stop Loss Order Bitcoin Order for the New Order

You also can get this panel so that to modify an open buy or sell btcusd crypto trade - To find & get this order panel for a buy bitcoin crypto currency trade, right-click on opened buy or sell bitcoin crypto currency trade, then after that you click 'Modify Order' after you click on modify order button key the above trading order settings button key will pop-up & appear & you can set StopLoss Bitcoin Order using the method explained above.

Analyze & Use TP Cryptocurrency Orders and Use Stop-Loss Bitcoin Order on MT5?

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How Do You Use Bitcoin Stop Loss Order on MT5?

How Do I Trade Bitcoin and Use Stop Loss Bitcoin Order on MT5?

Set Stop Loss Bitcoin Order Setting When Opening New Bitcoin Order in Tools Menu on MT5