How to Set a Trailing Stop on the OANDA App

Why It Matters

Trailing stops let traders lock in profits and manage downside risk automatically without constant monitoring, and this tutorial shows OANDA’s mobile app makes setting and adjusting them quick and user-friendly. For active and mobile traders, that convenience can improve trade execution and risk control.

Summary

The video is a step-by-step tutorial showing how to set a trailing stop on an open trade using the OANDA mobile app. The presenter demonstrates selecting an open GBP/USD sell position, tapping the modify button, and choosing a trailing stop set in pips or price. He enters a 20-pip trailing stop, submits the change, confirms the modification, and shows the trailing stop is active; he then briefly demonstrates changing it to a 50-pip stop. The guide emphasizes the app’s automated trailing-stop feature for managing risk as price moves in the trader’s favor.

Original Description

Automate your risk management on the go. In this quick tutorial, learn how to configure a trailing stop loss directly within the OANDA mobile app. Trailing stops dynamically track favorable price action, allowing FX traders to lock in potential profits, while maintaining strict downside protection.

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Watch a more detailed video here - https://youtu.be/nk_MInIU_tg

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