What is a Take Profit Cryptocurrency Order in MT4?
Take Profit Bitcoin Orders are cryptocurrency orders used to close open trades at a profit - take profit orders take profit and close the trade once the specified takeprofit level specified by a trader is reached.
Take profit orders automatically close trades at a profit once the set takeprofit level is reached on bitcoin chart.
Setting Take Profit Bitcoin Order When Opening New Order in Tools Menu on MetaTrader 4
To open a new cryptocurrency order to buy or sell a trade use tools menu within the MT4 Bitcoin Trading Platform as shown below.
The New order button for placing a new btcusd trade is displayed & illustrated below. (Short Cut Keyboard Keys "F9")
How to Set Take Profit Crypto Order When Opening Crypto Orders on MetaTrader 4
Once you select the new order button as illustrated and shown above the following bitcoin trade order pop up window panel will pop-up & as a trader you can use this trade order popup window panel to set the Take Profit Bitcoin Order Level for your new bitcoin trade.
This popup includes the settings for placing a new bitcoin trade order as well as settings for setting Take Profit Bitcoin Order Level.
Set Take Profit Bitcoin Order on MetaTrader 4
Following Take Profit Bitcoin Order Settings are specified for placing a new take profit bitcoin order:
Take Profit Cryptocurrency Order - Set Take Profit Bitcoin Order, This option can be set after opening trade, or for pending bitcoin orders
Open the Buy or Sell Trade by Clicking the Following Buttons:
- Sell by Market - Open a Sell Trade
- Buy by Market - Open a Buy Trade
To Buy at current bitcoin price & open a new cryptocurrency order select the Buy by Market crypto order button
To Sell at current bitcoin price & open a new cryptocurrency order select the Sell by Market crypto order button
After you open the new trades use the Take Profit Bitcoin Order Window Panel Above to Set TP order for the New Bitcoin Order.
You can also get this window panel so that to modify an already open buy or sell bitcoin trade - To find & get this order window panel for a buy bitcoin trade, right-click on the opened buy or sell bitcoin trade, then after that you click the "Modify Order" after you click on modify order button key the above trading order settings button key will pop up and appear & you can set Take Profit Bitcoin Order using the procedure described above.
