How to place a Stop Loss or Take Profit on MT4?

Updated on June 5, 2024

Step 1.

 

Log into MT4 and select an instrument from the Market Watch window.

 

How to place a Stop Loss or Take Profit on MT4?

 

Step 2.

 

Drag the instrument into the graph area.

 

How to place a Stop Loss or Take Profit on MT4?

 

Step 3.

 

Click New Order.

 

How to place a Stop Loss or Take Profit on MT4?

 

Step 4.

 

In the Order window, set a Stop Loss and Take Profit alongside the other order settings. Finally click “Sell by Market” or “Buy by Market”. 

 

How to place a Stop Loss or Take Profit on MT4?

 

Modifying an open order

 

If you have already opened a position you can set a Stop Loss and Take Profit by double clicking on the open order in the Trade window. This will open the Order window which allows you to modify the order with a Stop Loss and Take Profit.

 

How to place a Stop Loss or Take Profit on MT4?
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