Indices Trading Set Take Profit Orders in MT4 Charts

MT4 Charts TP Order

How to Set Take Profit Orders When Opening Orders in Meta Trader 4

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

Set Take Profit Order When Opening New Order on Tools Menu on Meta Trader 4 Software

To open a new order to buy or sell a trade use the tools pop up menu within the MT4 Trading Platform as pictured below.

The New order button for placing a new trade is displayed and illustrated below. (ShortCut Keyboard Keys "F9")

How to Set Take Profit Order When Opening Orders in Meta Trader 4

Once you have selected new order button as illustrated above following trade order window pop-up will appear and you as a trader can use this trade order panel popup to set the Take Profit Order Level for your new trade.

This popup includes the settings for placing a new trade order as well as settings for setting Take Profit Order Level.

Set TP Order on Meta Trader 4

Following Take Profit Order Setting are specified for placing a new take profit order:

Take Profit Order - Set Take Profit Order, This option can be set after opening the trade, or for pending orders

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

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

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

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

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

You can also get this window so that to modify an already open buy or sell indices trade - To get this order window panel for a buy trade, rightclick on opened buy or sell indices trade, then after that you click the "Modify Order" button after you click on modify order button key the above order settings button key will pop up and appear & you can set Take Profit Order using the method described above.