Hello Deriv Community,
The primary purpose of implementing the Stop Loss feature is to reduce losses if the price of a security moves in an unfavorable direction. Should a position become profitable, its Stop Loss can be manually adjusted to a break-even level. Nevertheless, the Trailing Stop function streamlines this process, providing a significant advantage during strong unidirectional price movements or when it’s impractical to continuously monitor the market. Unlike the Stop Loss function, which is executed on the server, Trailing Stop is implemented within the trading platform and is exclusively associated with an open position or pending order. To enable the Trailing Stop function, simply navigate to the “Trading” tab and select “Trailing Stop” from the context menu of a position or order, as illustrated in the accompanying screenshot.
For more information on Stop Loss, you may refer here.
Note : Trailing Stop can only be set/enabled in the MT5 Desktop App (PC App),
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