What Is Trailing Stop Deviation?

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Basri Syawal Putra
05 Mar 2020, 15:30 1,109 Views

master, deviation in drawing open order is the function of trailing stop, right? maybe because using octa broker there is a trailing stop. I also read on XM broker on MT4 android there is also a trailing stop.

I use ic market, I search on MT4 android don't find the trailing stop. maybe different broker, different facilities inside.

1 Answer

M
martin 06 Mar 2020, 01:16

@ Basri Syawal Putra:

- …. The deviation in the order chart is a trailing stop function, right?

No. Deviation is the amount of slippage or price difference (in pips) from the price you want to order. If you check the Enable maximum deviation box, you can set the amount of slippage you want in pips. Usually a maximum of 10 pips.



For explanation please read: Learn to Use Metatrader

As far as I know, the OctaFX MT4 version for Android does not have a deviation facility. Also, on several other brokers whose Android versions we have not found a deviation facility on orders. Only the PC (Windows) version of MT4 has it.

Regarding the trailing stop facility in the Android version of MT4, as far as I know, it is not available on all brokers. For trailing stop on the Android version, until now it can only be done by manually sliding the stop loss.
For explanation please read at this Q&A section.

In addition, also read: How to Set Stop Loss In MT4 Android

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