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How To Use The Forex Trading Troll With Pending Orders

Welcome Forex Trading Troll users,

The Forex Trading Troll can even manage your pending orders if they get hit.  Let’s say you set a pending order to trigger at a specific price.  You can then set the Troll up to manage the trade by taking partial profits and moving your stop loss.  If the order gets triggered, the Troll will start managing the trade according to the settings you set.

Here is a quick video to show you what I’m talking about…

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Written Instructions

  • Set up your pending order in Metatrader4 with price to Buy or Sell and Stop Loss
  • Set up the Troll to take partial profits and move your stop loss at the levels you decide

That’s it.  If your order gets triggered, the Troll jumps into action!

This is great for those Forex traders using a system where they place Limit or Stop orders to get into the market.  You can set everything up, and then go about your business and the Troll will manage the trade if you get into the market.  Now you don’t even have to be there to set up the Troll after you place the order… you can set everything up beforehand.

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Disclaimer: Trading in the off-exchange Foreign Exchange Market (FX, Forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange Foreign Exchange trading, you should carefully consider your investment objectives, level of experience and risk appetite. Investors should only use risk capital when trading Forex because there is always the risk of substantial loss. Most importantly, do not invest money you cannot afford to lose. Any mention of past performance is not indicative of future results. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors. All rights reserved 2010.