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December 21, 2017

Question:How to place Stop Loss & Take Profit orders on MT4 platform?

Answer:

In the order window you can manually choose stop loss and/or take profit levels. If you want to use the current price you can click the Copy As buttons to fill out these fields.

You can then change the prices to the stop loss and take profit levels you wish. When you have chosen your preferred levels click on the long bar at the bottom of the screen to enter the trade.

Please note: this long bar only becomes active once you enter valid stop loss and/or take profit levels.

Here you can view such details as your entry price, stop loss and take profit values, which are marked on your chart by horizontal lines which correspond with the price levels.

Please note: if you wish to enter stop and loss or take profit levels in points you will need to divide by 10 to calculate the pip amount. For example 100 points stop loss is equal to 10 pips.

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