Stop loss (SL) and take profit (TP) are limits set on trades (market or pending) so that they are automatically closed at an expected gain or a minimal loss. Here’s how to set up and manage this on the various trading platforms:
When setting up take profit and stop loss, it is important to adhere to stop levels.
MT4 and MT5
+For desktop, mobile, and WebTerminal versions of MT4 and MT5, SL and TP can be set up in the following ways:
- When opening a market and pending orders in the order window.
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For an open order:
- Double-click on the order in the Trade tab to set up SL/TP values in the order window.
Exness Terminal
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From the order window, use either the Market or Pending tabs to set ST/TP values.
- For an open order: In the Portfolio tab, click the pencil icon next to your open order to set the SL/TP values.
- For an open pending order: Select Pending in the Portfolio tab, then click on the pencil icon next to your pending order to set the SL/TP values.
- For a group of orders of the same instrument and direction: Set up SL/TP for the entire group by clicking Add under the respective column or expand the order group and set up individual SL/TP values for each order. If orders have different values for SL/TP, the group’s line will display Modify.
Exness Trade
+- When opening an order: Tap Order settings on the order window to set up SL/TP values or tap on +SL and +TP on the chart and adjust accordingly, then hit Confirm.
- For an open order: On the Accounts page, tap on the order under Open, set up SL/TP, and then tap Confirm.
- For an open pending order: Head to the Pending on the Accounts page, tap on the order, set up SL/TP, and then tap Confirm.
- For a group of orders of the same instrument and direction: On the Accounts page, swipe left on the group order under Open and select Modify to set up SL/TP values then hit Confirm.
- On the chart, if the order is already open: Head to Open or Pending orders on the Accounts tab and tap an order. Tap View chart, adjust SL/TP values on the chart accordingly, and hit Confirm.