Trade Bitcoin Trading

How do you set a take profit order for Bitcoin in MetaTrader 4?

Instructions for Adding and Modifying Bitcoin Take Profit Orders in MT4.

Bitcoin TakeProfit orders are used to automatically end active bitcoin trades in MT4 software. Bitcoin traders use these orders to protect their profits and end trades once they have moved a certain amount in the direction the trader predicted, resulting in a profit.

TP orders can be set when opening new bitcoin trades, and Take Profit orders can also be set for bitcoin trades that are already open.

How to Put BTCUSD TP Orders When Opening New BTCUSD Trades

  1. Open a Bitcoin Crypto Currency chart for the trading instrument you as a trader want to trade
  2. Right Click in the BTCUSD CryptoCurrency Chart
  3. Select New Order button
  4. Choose/Select the Set Take Profit Option within this New Order bitcoin window
  5. Specify your TakeProfit level for the bitcoin trade that you as a trader want to open
  6. Select buy or sell to open a bitcoin cryptocurrency trade

For a Bitcoin buy trade, set the TakeProfit order above the price at which you plan to initiate the trade. For a sell trade, position the TakeProfit order below your intended entry price.

How to Put Bitcoin TakeProfit Orders for Open BTCUSD Trades

Select bitcoin trade you want to modify from MT4 bitcoin trades panel

  1. Right-click on the bitcoin trade order and select Modify Order
  2. Choose TakeProfit Field
  3. Specify the TakeProfit level for the bitcoin trade
  4. Press the Modify Order Button

How do you set a take profit order for Bitcoin in MetaTrader 4?

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