How to Set Take Profit Bitcoin Order on MT4
How to Add & Modify Bitcoin Take Profit Orders on MT4
Bitcoin Take Profit orders are bitcoin orders used to automatically close open bitcoin trades in MetaTrader 4 software. Bitcoin Take Profit orders are used by bitcoin traders to help secure bitcoin profits & close open bitcoin trades once these bitcoin trades moves in the direction of the traders' position by a specified number of bitcoin pips in bitcoin profit.
Take Profit orders can be set when opening new bitcoin trades and Take Profit orders can also be set for already opened bitcoin trades.
How to Set BTCUSD Take Profit Orders When Opening New BTCUSD Trades
- Open a Bitcoin trading chart for the crypto instrument you want to trade
- Right Click on the Bitcoin Chart
- Select New Order button
- Choose the Set Take Profit Option within this New Order bitcoin trading window
- Specify your Take Profit level for the bitcoin trade that you want to open
- Choose buy or sell to open a bitcoin trade
For a buy bitcoin trade the bitcoin Take Profit order is set above the bitcoin price quote you want to buy at & for a sell bitcoin trade the bitcoin Take Profit order is set below the bitcoin price quote you want to sell at.
How to Set Bitcoin Take Profit Orders for Open BTCUSD Trades
Select bitcoin trade you want to modify from MT4 bitcoin trade transactions window
- Right click on the bitcoin trade order and choose Modify Order
- Select Take Profit Field
- Specify the Take Profit level for the bitcoin trade
- Click the Modify Order Button
How to Set Take Profit Bitcoin Order on MT4
