Trade Bitcoin Trading

Setting a Take Profit Order for a Bitcoin Trade Directly within the MetaTrader 5 Android Application

How to Execute a Bitcoin Trade and Set a Take Profit Order Using the MetaTrader 5 Android Application

Take Profit Bitcoin Orders are used to close open cryptocurrency trades profitably: these orders allow traders to finalize their positions once the specified profit level is reached.

BTCUSD Take profit orders automatically close out crypto transactions at a profit once the set take profit level is reached on the bitcoin cryptocurrency chart.

How to Set Take Profit for Bitcoin Trades in MT5 Android App Tools Menu When Starting New Orders

To dispatch a new buy or sell order on the MT5 Android App, utilize the tools menu as illustrated below.

The new order button for initiating BTC/USD trades is highlighted below, with MT5 shortcut key ‘F9' providing quick access.

Taking Profit on Bitcoin Trades - Setting Bitcoin Orders in MetaTrader 5 Android App

Crypto Trading Set TakeProfit on MT5 Android Phone App?

When selecting the new trade order button as highlighted earlier, a Bitcoin order window popup will appear. As an online trader, use this pop-up to define your TakeProfit Bitcoin Order Area for a new trade setup.

This pop-up includes the settings for placing a new bitcoin order as well as the settings for setting Take Profit Bitcoin Currency Order Level.

Trading Bitcoin and Managing Take Profit Orders in MetaTrader 5 Android App -

How Do You Trade Crypto and Set TakeProfit on MT5 Android Phone App?

The specifications for setting a Take Profit Bitcoin Order are detailed below for placing a new takeprofit bitcoin order on MT5:

Take Profit Order - Set Take Profit Bitcoin Order, You can also set this after you start a trade, or with pending bitcoin crypto orders.

Open the Buy or Sell BTC USD Crypto Trade by Pressing the Following Button:

  1. Sell by Market - Open a Sell BTCUSD CryptoCurrency Trade
  2. Buy by Market - Open Buy Bitcoin Trade

To Buy at current bitcoin price & open a new order select and choose the Buy by Market bitcoin order button

To initiate a sell order at the present BTC/USD rate and create a new trade, select the 'Sell by Market' button designated for Bitcoin orders.

Following the execution of your new trade orders, employ the MT5 TakeProfit Bitcoin Order Window shown above to establish and affix the TakeProfit Order for the recently opened position.

You also possess the capability to access this Meta Trader 5 panel to adjust an active buy or sell bitcoin trade. To locate and summon this MT5 trade order panel for either an open buy or sell position, right-click on the specific trade, subsequently select 'Modify Order,' and after clicking the modify order button, the aforementioned cryptocurrency order settings key will appear, enabling you to set the TakeProfit Order Bitcoin Order using the preceding guidance.

Steps for Analyzing and Establishing a Take Profit Level for a Bitcoin Cryptocurrency Order within the MetaTrader 5 Android Application?

How to analyze and set take profit for BTC/USD on MT5 Android app?

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