To place Stop Loss and Take Profit orders in MetaTrader, follow these steps:
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During Order Placement:
- When placing a new order, a window will appear with various fields.
- In the Stop Loss field, input the price at which you want your position to automatically close if the market moves against you.
- In the Take Profit field, input the price at which you want to lock in profits if the market reaches that level.
- Once you’ve entered the desired levels, click Buy or Sell to execute the trade with Stop Loss and Take Profit levels set.
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Modifying an Existing Order:
- Right-click on the open position in the Terminal window.
- Select Modify or Delete Order.
- Enter your Stop Loss and Take Profit levels in the respective fields.
- Click Modify to save the changes.
These levels will help you manage risk and secure profits automatically, based on your predefined price points.
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