How Do I Set Stop Loss and Take Profit on MT4? - Take Profit vs Stop Loss

How Do I Use Take Profit and Stop Loss Orders? - How to Use Take Profit Orders and Set Stop Loss Orders in MT4

How Do I Set Take Profit Forex Orders in MT4 Software?

How to Set Take Profit Order in MetaTrader 4 - MT4 Charts TP Forex Order

How to Set Take Profit Orders When Opening Forex Orders in MetaTrader 4

To set Take Profit when opening a new forex order on MT4 platform use the procedure explained below:

Set Take Profit When Opening New Forex Order in Tools Menu on MetaTrader 4 Platform

To open a new forex order to buy or sell a trade use tools menu within MetaTrader 4 Software as shown below.

The New order button key for placing a new FX trade is displayed below. ( Short Cut Keys "F9")

How to Set Take Profit When Opening Forex Orders in MT4

Once you choose the new order button as illustrated above the following forex trade order pop up will appear & as a trader you'll use this trade order pop up to set the Take Profit Level for your new forex trade.

This pop up includes settings for placing a new forex trade order as well as settings for setting Take Profit Level.

How to Set Forex Take Profit Orders in MetaTrader 4 - Set TP Order in MT4

The Following Take Profit Order Setting are specified for placing a new take profit forex trading order:

Take Profit - Set Take Profit, This option can be set after opening the trade, or for pending orders

Open the Buy or Sell Trade by Clicking the Following Button Keys:

Sell by Market - Open a Sell Trade
Buy by Market - Open a Buy Trade

To Buy at current price & open a new forex order select Buy by Market forex order button

To Sell at current price & open a new forex order select Sell by Market forex order button

After opening the new trades use Take Profit Window Above to Set TP order for the New Forex Order.

You can also get this window so that to modify an already open buy or sell trade - To get this order window panel for a buy trade, right click in opened buy or sell trade, then after that you click on "Modify Order" after you click modify order button the above trading order settings button will popup and you can set Take Profit Order using method explained above.

How Do I Set Stop Loss Forex Orders in MT4 Software?

How to Set Stop Loss Order in MetaTrader 4 - MT4 Charts SL Forex Order

How to Set Stop Loss Orders When Opening Forex Orders in MetaTrader 4

To set Stop Loss when opening a new forex order on MT4 platform use the procedure explained below:

Set Forex Trading Stop Loss When Opening New FX Order in Tools Menu on MT4 Software

To open a new forex order to buy or sell a trade use tools menu within MetaTrader 4 Software as shown below.

The New order button key for placing a new FX trade is displayed below. ( Short Cut Keys "F9")

How to Set Stop Loss When Opening Forex Orders in MT4

Once you choose the new order button as illustrated above the following forex trade order pop up will appear & as a trader you will use this trade order pop up to set the Stop Loss Level for your new forex trade.

This pop up includes settings for placing a new forex trade order as well as settings for setting Stop-Loss Level.

How to Set Forex Stop Loss Orders in MetaTrader 4 - Set SL Order in MT4

The Following Stop Loss Order Setting are specified for placing a new Stop Loss forex trading order:

Stop Loss - Set Stop Loss, This option can be set after opening the trade, or for pending orders