Bitcoin Configuration on MT5 for Stop Loss and Take Profit Orders

Steps to Trade Bitcoin and Set Stop Loss and Take Profit Orders for Bitcoin on MetaTrader 5 Platform

Set your TakeProfit and Stop Loss Bitcoin Order Indicators in MetaTrader 5. You can do this on both the MT5 platform and the mobile app.

Setting Take Profit Orders in Bitcoin Trades Using Indicators on the MT5 Platform

MT5 Take-Profit Order BTCUSD Crypto Order

Set TakeProfit Bitcoin Order When Opening Indicator in the MetaTrader 5 Software Platform

To place TP Bitcoin Order when opening a new bitcoin order in MT5 software use the step-by-step method/technique described below:

Set Take Profit for Bitcoin When Opening Orders in MT5 Tools Menu

To open a new bitcoin order to buy or sell a trade use the tools menu within MetaTrader 5 Platform as is shown below.

The button for a new Bitcoin trade appears below. It opens BTC/USD crypto positions. Use MT5 shortcut F9.

Crypto Set MT5 Stop Loss and TakeProfit Order in the MT5?

Once you select the new btcusd crypto order button like is illustrated above the following bitcoin order window panel pop up will appear and you as a btcusd trader can use this order window pop-up to set the TakeProfit Order Bitcoin Order Level for your new bitcoin trade position.

This window shows the settings for placing a new btcusd crypto trading order, and it also includes the settings for setting a TP Order BTC USD CryptoCurrency Order Level.

Crypto Set MT5 Stop Loss Order & TakeProfit Order in the MT5 Platform?

Following Take Profit BTC/USD Crypto Order Parameters are specified for setting a new take profit order bitcoin trading order:

Take Profit Order - Set TP Bitcoin Crypto Currency Order, This option can be set after opening the trade, or for pending bitcoin orders

Open Buy or Sell Bitcoin Trade by Clicking the Following Button Keys:

Sell by Market - Open a Sell BTC USD CryptoCurrency Trade
Buy by Market - Open a Buy Bitcoin Trade

To Buy at prevailing bitcoin price & open a new btcusd bitcoin crypto currency order choose and select the Buy by Market bitcoin order button

To Sell at prevailing bitcoin price and open a new bitcoin cryptocurrency order select and choose the Sell by Market btcusd order button

After you start the new trades, use the TP Bitcoin Order Panel Window Above to determine and put in place the TP Bitcoin Order for that trade.

You also can get this panel so that to modify an open buy or sell bitcoin trade - To find and get this MT5 order panel for a buy bitcoin trade, right click in opened buy or sell btcusd trade, then after that you click the 'Modify Order' after you click on modify order button and the above bitcoin crypto order settings button will popup & appear and you can set the TakeProfit Order BTCUSD Order using the bitcoin crypto trading step-by-step method explained above.

Set Stop Loss for Bitcoin Trades on MT5 Platform

MT5 Stop Loss Bitcoin Order

Set Stop Loss Bitcoin Order When Opening Orders in the MT5 Platform

To place Stop-Loss Bitcoin Order when opening a new bitcoin order in MT5 software use the step by step method shown below:

Set Stop Loss on BTCUSD Orders in MT5 Tools Menu

To open a new BTC/USD cryptocurrency trade, use the Tools menu in the MT5 BTC/USD Crypto software, just like in the example below.

Below is a picture of the new bitcoin order button, which lets you start a new btcusd cryptocurrency trade. (You can also press 'F9' on your keyboard in MT5)

How Does One Execute Cryptocurrency Trades and Set Stop Loss and Take Profit Levels within the MT5 Mobile Application?

Once you choose the new bitcoin order button as illustrated above the following bitcoin order window panel pop up will appear and you as a btc usd trader can use this trade order window popup to set the StopLoss Bitcoin Order Level for your new bitcoin trade.

This pop-up includes the settings for placing a new btcusd crypto order as well as the settings for placing StopLoss BTCUSD Order Level.

What is the Procedure for Trading Cryptocurrencies and Setting Stop Loss & Take Profit Orders on the MetaTrader 5 Platform?

Following Stop Loss Bitcoin Order Parameter Settings are specified for setting a new Stop Loss Order:

Stop Loss Crypto Order - Set Stop-Loss Bitcoin CryptoCurrency Order, This option can be set after opening the trade, or for pending btcusd orders

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

Sell by Market - Open a Sell Bitcoin Trade
Buy by Market - Open a Buy CryptoCurrency Trade

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

To Sell bitcoin crypto at the current price and start a new bitcoin crypto order, click the Sell by Market bitcoin order button.

After you open the new trade positions use the Stop-Loss Bitcoin Order Window Above to Place The Stop Loss Order Bitcoin Currency Order for the New Order

You also can get this window so that to modify an open buy or sell bitcoin crypto trade - To find & get this order panel window for a buy bitcoin trade, right click in opened buy or sell bitcoin cryptocurrency trade, then after that you click the 'Modify Order' after you click on modify order button key the above order settings button will pop-up & appear and you can set the Stop Loss Crypto Order using the technique described above.

How to Establish Your Bitcoin Stop Loss and Take Profit Orders within the MT5 Platform?

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