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