What is a stop-loss order?

A stop-loss order is a risk management tool that automatically closes your trade when the market moves against you, helping to limit potential losses.

At Pivex, using a stop-loss is mandatory for every trade. It’s one of the most important tools for protecting your account and staying within the daily and overall drawdown rules.

How Does a Stop-Loss Work?

When you enter a trade in MatchTrader (Pivex’s trading platform), you can set a price level at which the trade will automatically close if the market moves against you.

• If you buy (go long), your stop-loss will be set below the entry price.
• If you sell (go short), your stop-loss will be set above the entry price.
  
  

Once the market hits your stop-loss level, your position is closed, helping you avoid larger losses.

How to Set a Stop-Loss in MatchTrader

1. Log in to your MatchTrader account (web or mobile)
2. Choose your asset (e.g., EUR/USD, XAU/USD, AAPL)
3. Click Buy or Sell
4. On the order screen, find the Stop-Loss field
5. Enter your stop-loss price
    • Example: Buying AAPL at $150? Set your stop-loss at $145.
6. Confirm the trade — your stop-loss is now active

You can also edit your stop-loss later by opening the position and modifying the order.


Example with Leverage

Let’s say you buy 100 shares of AAPL at $150, using 10:1 leverage on a $5,000 account.
• Your exposure = $15,000
• You set a stop-loss at $145
• Risk per share = $5
• Total risk = $5 x 100 = $500

This $500 represents 10% of your actual account balance, so it’s important to size your position carefully and set your stop-loss based on your acceptable risk.

Key Tips for Using Stop-Loss at Pivex
• Always set a stop-loss before opening a trade
• Keep risk per trade under 1–2% of your account balance
• Adjust your lot size to match your risk tolerance
• Monitor your trades in MatchTrader’s Active Trades tab
• Avoid moving your stop-loss farther away unless it’s part of a clear plan

Final Thoughts

At Pivex, stop-loss orders are essential to protecting your capital, especially when trading with leverage. They help you trade more confidently and stay compliant with platform rules like drawdown limits.

Learning how to use stop-loss effectively is one of the most important steps in becoming a consistent trader. If you need help setting or modifying your stop-loss in MatchTrader, our support team is always here to assist.