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