Stop Loss (SL) and Take Profit (TP) are limits set on trades (market or pending) for them to be automatically closed at an expected gain or a minimal loss.

Let us take a look at how to set up and manage this on the various trading terminals:

MT4 and MT5 (Desktop, Mobile, and WebTerminal)

For desktop, mobile, and Weberminal, SL and TP can be set up in the following instances:

• While opening an order

• While setting up a pending order (Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, and Sell Stop Limit)
• For an active order, right-click on the order in the Trade tab and select Modify or Delete* to set up your desired SL and TP. Once set up, these levels can be modified later to other values too. The same is applicable for pending orders which have already been set up.

*For Mobile terminals the button is called Modify.

Exness Terminal (Web)

When trading with Exness Terminal, you can set SL and TP in the following ways:

• While opening an order, click Auto Close in the order window.
• While setting up a pending order by hitting Auto Close.

• If the order is already open:

            -  Go to the Portfolio tab.

            -  Click on the pencil icon next to the order of your choice in the Open tab.

            -  Once set, click Apply.

• For an existing pending order:

            -  Go to the Portfolio > Pending.

            - Click on the pencil icon next to the pending order of your choice and set up the desired values.

            - Once set, click Apply

• For a group of orders:

For orders that have similar instruments, you can set up, modify or delete Take Profit and Stop Loss for the entire group, given that all instruments are in the same direction (eg. all BUY or all SELL).

• Go to the Portfolio tab
• Tap on an order to expand the group of orders. 
• Click on Add under T/P or S/L to set up the desired values.
• Once set, click Modify all [instrument] orders

If orders have different values for Take Profit or Stop Loss, the group’s line will display Modify. 

Exness Trade

When trading with Exness Trade, you can set SL and TP in the following ways:

• While opening an order.

• While setting up a pending order
• If the order is already open:

            -  Go to the Orders tab.

            -  Set up SL and TP for the order of your choice in the Open tab.

            -  Once set, click Apply.

• For an existing pending order:

            -  Go to the Orders tab.

            -  Select Pending and tap on the order of your choice.

            -  Set up the TP and SL values.

            -  Hit Confirm.

• For a group of orders:
  • Go to the Orders tab.
  • Under the Open tab, select an order of your choice, swipe left, and tap Modify.
  • Set up the TP and SL values.
  • Hit Confirm.

Note: It is important to adhere to Stop Levels when setting up Take Profit and Stop Loss. If all orders within a group have TP or SL set, the corresponding indicator will be displayed on the group.