What is Take Profit Stock Order in MetaTrader 4 Platform?
Take Profit Stocks Orders are orders used to close open trades at a profit - take profit orders take profit & close the trade once the specified takeprofit level specified by a trader is reached.
Take profit orders automatically close trades at a profit once the set take-profit level is reached on the stock chart.
Setting Take Profit Stocks Order When Opening New Order in Tools Menu in MT4 Platform
To open a new stocks order to buy or sell a trade use the tools menu found within the MT4 Platform as shown below.
The New order button for placing a new stock trade is displayed & shown below. (Keyboard Short Cut Keys "F9")
What's Take Profit Stock Order in MetaTrader 4 Platform?
Once you select the new order button as illustrated and illustrated above the following stocks trade order pop up window will appear and as a trader you will then use this trade order pop up window to set the Take Profit Stocks Order 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 Stocks Order Level.
How to Set Stocks Take Profit Stock Orders in MetaTrader 4 Platform - Set Take Profit Stock Order on MetaTrader 4
Following Take Profit Stocks Order Settings are specified for placing a new take profit stocks order:
Take Profit Stock Order - Set Take Profit Stocks Order, This option can be set after opening trade, or for pending stocks orders
Open the Buy or Sell Trade by Clicking the Following Buttons:
- Sell by Market - Open a Sell Trade
- Buy by Market - Open a Buy 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 Take Profit Stocks Order Window Panel Above to Set the TP order for the New Stock 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 Take Profit Stocks Order using the procedure described above.
