Trade Bitcoin Trading

How to Set Take Profit Bitcoin Order in the MT5

Adding or Modifying Bitcoin Take-Profit Orders on the MT5 Platform

Bitcoin TP orders are bitcoin orders used to automatically close open bitcoin trades in MT5 platform. Bitcoin TP orders are used by bitcoin traders to help secure bitcoin profits & close open bitcoin transactions once these bitcoin trades heads in the direction of the traders' position by a specified number of bitcoin pips in bitcoin profit.

When you start new bitcoin trades, you can place Take Profit orders, and you can also set Take Profit orders for bitcoin trades that are already open.

How to establish take profit orders for new BTCUSD trades

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

For initiating a buy trade in bitcoin, the bitcoin Take Profit (TP) order must be placed above the bitcoin price quote at which you intend to open the buy, whereas for a sell bitcoin trade, the TP order should be located below the intended sell price quote.

How to Set Bitcoin TP Orders for Open BTCUSD Trades

From the MT5 bitcoin trades panel, choose the bitcoin trade you wish to change.

  1. Right-click the btcusd crypto trade order & select Modify Order
  2. Select Take Profit Field
  3. Specify the TakeProfit level for the btcusd crypto trade
  4. Click the Modify Order Button

How to Place Take Profit Bitcoin Order in the MT5 Platform

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