Trading Stocks Set TP Stocks Trading Order in MT5
Stocks Trading Set TP Stocks Trade Order in MT5 Platform
TP orders are stocks orders used to close open trades at a profit - TP orders take profit & close the trade once the specified TP level specified by a trader is reached.
TP orders automatically close trades at a profit once the set TP level is reached on the stock chart.
Setting TP When Opening New Stock Order in Tools Menu on MT5
To open a new stocks order to buy or sell a trade use the tools menu found within the MT5 Stocks Trading Platform as shown below.
The New stocks order button for placing a new stocks trade is shown below. (MT5 Keyboard Short Cut Keys "F9")
Set TP Stocks Trade Order in MT5 Platform - Set TP Stocks Order in MetaTrader 5 Platform?
Once you select the new stocks order button as illustrated and illustrated above the following stocks trade order pop up window will appear & as a trader you will then use this trade order pop up window to set the TP Level for your new stocks trade.
This pop-up includes settings for placing a new stocks trade order as well as settings for setting Take Profit Level.
Stocks Trading Set TP Stocks Order in MetaTrader 5 Software? - How Do You Trade & Set TP Stocks Order in MetaTrader 5 Platform?
Following Take Profit Order Settings are specified for placing & setting a new Take Profit stocks order:
TP - Set TP, This option can be set after opening the trade, or for pending stocks orders
Open the Buy or Sell Stocks Trade by Clicking the Following Buttons:
- Sell by Market - Open a Sell Stocks Trade
- Buy by Market - Open a Buy Stocks Trade
To Buy at current stocks price & open a new stocks order choose the Buy by Market stocks order button
To Sell at current stocks price & open a new stocks order choose the Sell by Market stocks order button
After you open the new trades use the TP Window Above to Set the TP order for the New Stocks Trading Order.
You can also get this window panel so as to modify an already open buy or sell stocks trade - To get and find this order window for a buy stocks trade, right click on opened buy or sell stocks trade, then after that click "Modify Order" after you click modify order button key the above trading order settings button key will appear and you can then set the TP Order using the procedure described above.
Set TP Stocks Trading Order in MetaTrader 5
