Setting a stop loss and take profit in TradingView involves a few simple steps. Here’s a step-by-step guide to help you:
Once you’re logged onto The TradingView website and connected to your BlackBull Markets account, you’ll be able to open a trade and set a stop loss and take profit.
Locate the Trading Panel, usually found on the right side of the chart. The Trading Panel is where you can place orders and manage trades.
Analyse the chart and determine the entry point where you want to open your position. Choose either buy or sell, toggle between the order types and specify the quantity or size of the position you want to open.
Locate the stop loss and take profit input fields, click the check box and then enter the desired levels as a pips, price, USD, or percentage.
To set a stop loss and take profit to an order that has already been opened, click on the edit icon on the order as it appears in the Positions tab.
A window will open in the top right which will allow you to enter a stop loss and take profit levels. Click the check box and then enter the desired levels as a pips, price, USD, or percentage, then click Modify.
Congratulations! You have successfully set a stop loss and take profit in TradingView. Remember to monitor your positions and adjust the stop loss or take profit levels, if necessary, based on market conditions or your trading strategy.