As you may be familiar, Admirals offers some of the best trading tools to those who choose to embark on their trading journey with us. The MetaTrader 4 platform is one of our most popular tools, which can be accessed directly from the WebTrader, or downloaded to your desktop for even more functionality. MetaTrader 5 is also available for free to Admirals traders via the demo or live account. Below, we show you an example in how to set both your stop loss and take profit in MT4 WebTrader:
stop loss take profit mt4 dashboard
Depicted: Admirals (Formerly Admiral Markets) MetaTrader 4 WebTrader - EURUSD Order Window. Date Captured: 28 July 2021. Past performance is not necessarily an indication of future performance.
As you can see, you can either go long (Buy) or go short (Sell) in your Forex order execution. You can also choose either Market Execution or Pending Order.
In a Market Execution order, you have the option to Modify the trade as well. You can right-click on your chart where you will then see the option to 'Modify', and adjust accordingly:
stop loss take profit dashboard on mt4
Depicted: Admirals MetaTrader 4 WebTrader - EURUSD Modify Window. Date Captured: 28 July 2021. Past performance is not necessarily an indication of future performance.
We would like to take a moment to remind you how beneficial it is to first try trading with a risk-free demo account. You can test out different orders, strategies, while also understanding all of the key components of trading, such as stop-loss and take profit.
Learn How To Use Take Profit And Stop-Loss Order In Forex
Every trade is basically a business deal. It is essential to weigh the risk and the reward from the deal, and then to decide whether it is worth taking or not. In Forex trading, you should consider the risk of the trade, as well as the potential reward, and if it's realistically practical to obtain it according to the surrounding market structure. To trade more profitably, it is a prudent decision to use stop loss and take profit in Forex.
stop loss take profit mt4 dashboard
Depicted: Admirals (Formerly Admiral Markets) MetaTrader 4 WebTrader - EURUSD Order Window. Date Captured: 28 July 2021. Past performance is not necessarily an indication of future performance.
As you can see, you can either go long (Buy) or go short (Sell) in your Forex order execution. You can also choose either Market Execution or Pending Order.
In a Market Execution order, you have the option to Modify the trade as well. You can right-click on your chart where you will then see the option to 'Modify', and adjust accordingly:
stop loss take profit dashboard on mt4
Depicted: Admirals MetaTrader 4 WebTrader - EURUSD Modify Window. Date Captured: 28 July 2021. Past performance is not necessarily an indication of future performance.
We would like to take a moment to remind you how beneficial it is to first try trading with a risk-free demo account. You can test out different orders, strategies, while also understanding all of the key components of trading, such as stop-loss and take profit.
Learn How To Use Take Profit And Stop-Loss Order In Forex
Every trade is basically a business deal. It is essential to weigh the risk and the reward from the deal, and then to decide whether it is worth taking or not. In Forex trading, you should consider the risk of the trade, as well as the potential reward, and if it's realistically practical to obtain it according to the surrounding market structure. To trade more profitably, it is a prudent decision to use stop loss and take profit in Forex.
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