How Do I Use TP Bitcoin Order in the MT5 Platform?

Trade Bitcoin with Take Profit Orders on MT5

Take Profit Bitcoin Orders are designed to finalize active trades when they reach a profitable level - these TP orders systematically close the transaction once the specific take-profit benchmark set by the BTCUSD trader has been met.

Take profit orders automatically finalize trading positions with a profit when the predetermined takeprofit level is attained on the btcusd crypto chart.

Set take profit on Bitcoin order in MT5 tools menu

To open a new bitcoin order to buy or sell a trade use the tools menu within MT5 Software just as illustrated below.

The New bitcoin crypto order button for opening a new bitcoin trade is shown below. (MetaTrader 5 Short Cut key board Keys 'F9')

How Do I Use Take-Profit in MT5 Platform?

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

This pop up includes the settings for placing a new btcusd crypto trading order as well as the settings for setting TP Order Bitcoin Currency Order Level.

How Do You Trade Crypto and Use Take-Profit on the MT5 Platform?

The following parameters for Taking Profit on a Bitcoin Order are used for setting up a new bitcoin trade tp order:

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

Open Buy or Sell BTCUSD CryptoCurrency Trade by Clicking the Following Button:

Sell by Market - Open a Sell BTCUSD Crypto Trade
Buy by Market - Open a Buy Bitcoin Trade

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

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

To sell at the current price of Bitcoin crypto and initiate a new order, select and choose the 'Sell by Market' order execution button.

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

Interpret and Use TakeProfit Bitcoin Order in the MetaTrader 5 Software?

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How Do I Use TP Bitcoin Order in the MT5 Platform?

Trade Bitcoin with Take Profit Orders on MT5

Set take profit on Bitcoin order in MT5 tools menu