How Do You Use TP Orders and Set SL Orders in MT5 Software?
How Do You Use TP Orders & Set Stop Loss in MT5 Software?
How Do You Use Take Profit & Stop Loss? - How Do I Use Take Profit Orders and Set Stop Loss on MetaTrader 5
How Do You Set Take Profit Orders in MT5 Software?
MT5 Charts TP Order
How Do You Set Take Profit Orders When Opening Orders in MetaTrader 5
To place TP when opening new order on MetaTrader 5 use the procedure described below:
Set Take Profit When Opening New Order in Tools Menu in MT5 Software
To open a new order to buy/sell a trade use tools menu within MT5 Software as illustrated below.
The New order button key for opening a new trade is highlighted below. ( MetaTrader 5 Short Cut Keys 'F9')
How Do You Use TP Orders & Set Stop Loss in MT5 Software?
Once you choose the new order button as shown above the following trade order popup will appear and as a trader you will use this order popup to set the Take Profit Level for your new trade.
This pop up includes settings for placing new order as well as settings for setting TP Area.
How Do You Use TP Orders and Set Stop Loss on MT5 Software?
The Following TP Order Setting are specified for placing a new take profit order:
Take Profit - Set Take Profit, This option can be set after opening the trade, or for pending orders
Open Buy or Sell Trade by Clicking the Following Button Keys:
- Sell by MarketOpen a Sell Trade
- Buy by MarketOpen a Buy Trade
To Buy at ruling price & open a new order select Buy by Market order button
To Sell at ruling price & open a new order choose Sell by Market order button
After opening the new trade transactions use TP Window Above to Set the TP order for the New Order.
You also can get this window so that to modify an already open buy or sell trade - To get this order panel for a buy trade, right click on the opened buy or sell trade, then after that you click on the 'Modify Order' after you click on the modify order button the above order settings button will popup & you can then set Take Profit Order using method explained above.
How Do You Set Stop Loss in MT5 Software?
MT5 Charts SL Order
How Do I Set Stop Loss When Opening Orders on MT5
To place Stop Loss when opening new order in MT5 software use the procedure described below:
Set Stop Loss When Opening New Order in Tools Menu in MT5 Software
To open a new order to buy/sell a trade use tools menu within MetaTrader 5 Software as shown below.
The New order button for opening a new trade is highlighted below. ( MetaTrader 5 Short Cut Keys 'F9')
How Do You Use TP Orders and Set SL Orders on MT5 Software?
Once you select the new order button as illustrated above the following trade order popup will appear & as a trader you'll use this trade order popup to set the Stop Loss Level for your new trade.
This pop up includes settings for placing new order as well as settings for setting Stop Loss Zone.
How Do I Use TP Orders & Set Stop Loss in MT5 Software?
The Following Stop Loss Setting are specified for placing a new Stop Loss order:
Stop Loss - Set Stop Loss, This option can be set after opening the trade, or for pending orders
Open 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 ruling price & open a new order select Buy by Market order button
To Sell at ruling price and open a new order choose Sell by Market order button
After opening the new trade transactions use Stop Loss Window Above to Set SL order for the New Order
You also can get this window so that to modify an already open buy or sell trade - To get this order panel for a buy trade, right click on the opened buy or sell trade, then after that you click on the 'Modify Order' after you click on the modify order button the above order settings button will popup and you can then set Stop Loss using the guide explained above.
How Do You Use TP Orders and Set Stop Loss on MT5 Platform Software?
