How to Set a Take Profit Gold Order on MetaTrader 5
How to Add & Modify Gold Take Profit Orders on MetaTrader 5
Gold Take Profit orders are gold orders used to automatically close open gold trades in MT5 platform. Gold Take Profit orders are used by traders to help secure gold profits & close open gold trades once these gold trades moves in direction of the traders' position by a specified number of gold pips in gold profit.
Take Profit orders can be set when opening new gold trades and Take Profit orders can also be set for already opened gold trades.
How to Set XAUUSD Take Profit Orders When Opening New Gold Trades
- Open a Gold trading chart for the gold instrument you want to trade
- Right Click on the Gold Chart
- Select New Order button
- Select the Set Take Profit Option within this New Order gold trading window
- Specify your Take Profit level for the gold trade that you want to open
- Select buy or sell to open a xauusd trade
For a buy gold trade the gold Take Profit order is set above the gold price quote you want to buy at and for a sell gold trade the gold Take Profit order is set below the gold price quote you want to sell at.
How to Set XAUUSD Take Profit Orders for Open Gold Trades
Select gold trade you want to modify from the MT5 gold trade transactions window
- Right click on the gold trade order and select Modify Order
- Select Take Profit Field
- Specify the Take Profit level for the xauusd trade
- Click the Modify Order Button Key
How to Set Take Profit Gold Order on MetaTrader 5
