What is TP on MetaTrader 4?
TP orders are cryptocurrency orders used to close open trades at a profit - TP orders TP & close the trade once the specified TP level specified by a trader is reached.
TP orders automatically close trades at a profit once the set TP level is reached on the bitcoin chart.
Setting TP 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 trade transaction is shown below. (ShortCut Key board Keys 'F9')
What's TP on MetaTrader 4? - How to Set TP 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 will pop-up & as a trader you can use this trade order popup window to set the TP Level for your new bitcoin trade.
This pop-up includes the settings for placing a new bitcoin trade order as well as settings for setting Take Profit Level.
How to Set Bitcoin TP Orders in MetaTrader 4 - Set TP Order on MetaTrader 4
Following TP Order Settings are specified for setting up and placing a new TP bitcoin trade order:
TP - Set TP, This option can also be set up after opening the trade, or for a 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 choose the Buy by Market crypto order button
To Sell at current bitcoin price & open a new cryptocurrency order choose the Sell by Market crypto order button
After you open the new trades use the TP Window Above to Set TP order for the New Bitcoin Order.
You can also get this window so that to modify an already open buy or sell bitcoin trade - To find and get this order window panel for a buy bitcoin trade, right click in opened buy or sell bitcoin trade, then after that you click 'Modify Order' after you click on the modify order button key the above trading order settings button key will popup and appear & you can set the TP Order using the procedure described above.
