How to Put Take Profit Order in MetaTrader 4 Android App
Take Profit are orders used to close open stock trade transactions at a profit - take-profit orders are used to take profit and close an open trade once the specified take profit level specified by a trader is reached.
Indices TP orders automatically close stocks trades at a profit once the set takeprofit level is reached on chart.
Place TP Order When Opening New Order on Tools Menu on Meta Trader 4 Android App
To open new order to buy or sell a trade use the tools pop up menu within the MT4 Android App as shown below.
The New order button for placing a new trade is displayed below. (Short-Cut Key-board Keys 'F9')
How to Put Take Profit Order on MetaTrader 4 Android App - How to Set TP Order When Opening Orders on MetaTrader 4 Android App
Once you have selected new order button as illustrated above following trade order panel popup will appear & you as the trader can use this trade order window popup to set the Take Profit Order Zone for your new trade.
This pop up includes settings for placing new order as well as parameters for setting TP Order Level.
Place TP Order in MetaTrader 4 Android App
Following Take Profit Order Setting are specified for setting a new take profit trading order:
Take Profit Stock Order - Set TP Order, This option can be set after placing the trade, or for pending orders
Open 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 ruling price and open new order select Buy by Market order button
To Sell at ruling price and open new order select Sell by Market order button
After opening the new trades use TP Order Panel Above to Set the Take-Profit order for the New Order.
You also can get this window so as to modify an open buy or sell trade - To get this order window panel for a buy trade, right-click on the opened buy trade or sell trade, then after that you click the 'Modify Order' button key after you click on modify order button the above order settings button key will popup and appear and you can set Take Profit Order using the guide explained above.
