DESCRIPTION: below you can find a definition of Stop Loss for your better understanding when you use this method in your MT5 trade.
POSSIBLE REASONS: With stop-loss, you minimize potential losses by setting the price at which you want the position to close in case the market moves against you.
RESOLUTION STEPS:
- When the current market price surpasses this level, your trade will be closed automatically. The Stop Loss will be triggered at the next available price when the market touches the Stop loss or the Take profit.
- You may benefit from a higher profit if it is a Take Profit case and also may lose more in a Stop Loss case depending on if the contract is triggered by a hike or drop.
- You may refer to our Terms and Conditions describing these orders’ execution as well: Clause 2.2.1 of section E (Orders- Type of Orders) : In the case of a Stop Order, the client acknowledges that the Company will endeavor to fill the Order at a price equal to the one that the client has specified. However, if the specified price is unavailable, a less favorable price may be quoted. In other words, the Order is executed either at the price equal to the specified one or worse than that (slippage). The execution of Stop Orders is guaranteed