Trade Forex Trading

How Do You Use TP Forex Orders and Set SL Trading Orders on MetaTrader 4 Platform?

How Do You Use TP Forex Orders and Set SL Trading Orders on MetaTrader 4 Software?

How Do You Use Take Profit and Stop Loss Orders? - How Do I Use Take Profit Orders and Set Stop Loss Orders on MT4

How Do You Set Take Profit Forex Trading Orders on MetaTrader 4 Platform?

MT4 forex charts TP Forex Order

How Do You Set Take Profit Forex Orders When Opening Orders on MT4

To set Take Profit when opening a new forex order in MetaTrader 4 software use the procedure described below:

Set Take Profit When Opening New Forex Order in Tools Menu on MT4 Software

To open a new forex order to buy or sell a trade use tools menu within MT4 Software as shown below.

The New forex order button key for placing a new forex trade is displayed below. (MT4 Short Cut Keys 'F9')

How to Use TP Forex Orders and Set SL Orders on MT4 - How Do I Use TP Forex Orders and Set Stop Loss Orders in MT4?

How Do You Use TP Forex Orders and Set Stop Loss Orders in MT4 Software?

Once you select the new forex 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 Do I Use TP Forex Orders and Set SL Orders on MT4? - How Do I Add Stop Loss Forex Trade Order on MT4 Platform?

How Do You Use TP Forex Orders and Set Stop Loss Orders in MT4 Software?

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 Forex Trade by Clicking the Following MT4 Buttons:

  1. Sell by MarketOpen a Sell Forex Trade
  2. Buy by MarketOpen a Buy Forex Trade

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

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

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

You can also get this window so that to modify an already open buy or sell forex trade - To get this order window for a buy forex trade, right click in opened buy or sell forex 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 You Set Stop Loss Forex Trading Orders on MetaTrader 4 Platform?

MT4 forex charts SL Forex Order

How Do You Set Stop Loss Orders When Opening Forex Orders on MT4

To set Stop Loss when opening a new forex order in MetaTrader 4 software use the procedure described below:

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

To open a new forex order to buy or sell a trade use tools menu within MT4 Software as shown below.

The New forex order button key for placing a new forex trade is displayed below. (MT4 Short Cut Keys 'F9')

How Do I Use TP Forex Orders and Set SL Orders in MT4? - How Do I Add a Forex Stop Loss Order on MT4 Platform?

How Do You Use TP Forex Orders and Set Stop Loss Orders in MT4 Software?

Once you select the new forex 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 StopLoss Level.

How Do You Use TP Forex Orders and Set SL Orders on MT4?

How Do You Use TP Forex Orders and Set Stop Loss Orders in MT4 Software?

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

Open the Buy or Sell Forex Trade by Clicking the Following MT4 Buttons:

  1. Sell by Market - Open a Sell Forex Trade
  2. Buy by Market - Open a Buy Forex Trade

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

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

After opening the new forex trades use the Stop Loss Window Above to Set SL order for the New Forex Order

You can also get this window so that to modify an already open buy or sell forex trade - To get this order window for a buy forex trade, right click in opened buy or sell forex trade, then after that you click on 'Modify Order' after you click modify order button the above trading order settings button key will popup & you can set Stop Loss Order using the procedure explained above.

How Do You Use TP Forex Orders and Set Stop Loss Orders in MT4 Software?

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