Is it possible to insert a stop loss X pips from the price automatically, when I open a position?

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Priscilla Fleming
Answered 2 months, 2 weeks ago
<p>Yes, it's possible to automatically set a stop-loss order in pips when opening a position on most trading platforms. You can typically specify the number of pips you want to use for your stop-loss, and the platform will calculate the corresponding price and place the stop-loss order automatically when you open your trade.&nbsp;<br></p>