Trading Bitcoin Add SL Order in MT4 Platform

How to Set Bitcoin Stop Loss in the MT4 Platform

A Stop Loss order is an order used in btcusd trading to close-out an open trade if the trade moves against the online trader's open trade position by a certain number of pips.

Once the Stop Loss order is set at a specific level, this SL order will automatically close out the open trade once the trading chart gets to this SL order bitcoin price level. SL order is used in btcusd equity management so as to prevent and stop further losses if a trade is going against the direction of the online trader's open trade.

Set SL Setting When Opening New Order in the Tools Menu on MetaTrader 4 Platform Software

To open a new btcusd cryptocurrency order to buy or sell a trade use the tools menu within MetaTrader 4 Platform as is shown below.

The New btcusd crypto order button for placing a new btcusd crypto trade is shown below. (MetaTrader 4 Short Cut key board Keys 'F9')

Set SL Order in MetaTrader 4 Platform - Set SL Order in MetaTrader 4 Platform Software?

Once you choose the new bitcoin order button as high-lighted and shown above the following bitcoin trade order window pop-up will appear and you as a btcusd trader can use this trade order panel popup to set the SL Level for your new bitcoin trade.

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

How to Put BTC/USD CryptoCurrency Stop Loss on the MT4 Platform

Following Stop Loss Order Settings are specified for setting up & placing a new SL btcusd cryptocurrency order:

SL Order - Set Stop Loss Order, This option also can be setup after opening the trade, or for a pending btcusd crypto 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 BTC/USD CryptoCurrency Trade

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

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

After you open the new trade positions use the SL Window Above to Set the SL order for the New Order

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 crypto 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 as a trader can set the Stop Loss Order using the method explained above.

How to Put CryptoCurrency Stop Loss on MT4 Platform

More Topics & Courses:

Trade Bitcoin Trading

Trading Bitcoin Add SL Order in MT4 Platform

How to Set Bitcoin Stop Loss in the MT4 Platform

Set SL Setting When Opening New Order in the Tools Menu on MetaTrader 4 Platform Software