How to Set Take Profit on MetaTrader 4 iPhone App - How to Place Take Profit Order on MetaTrader 4 iPhone App
Take Profit orders are forex orders used to close open forex trades at a profit - takeprofit orders are used to take profit & close an open trade once the specified takeprofit level specified by a trader is reached.
Forex Take profit orders automatically close forex trades at a profit once the set take-profit level is reached on the forex chart.
Set Take Profit When Opening New Order in Tools Menu on MT4 iPhone App
To open a new forex order to buy or sell a trade use the tools menu within MT4 iPhone Mobile App as shown below.
The New order button for placing a new FX trade is displayed and shown and illustrated below. ( Short Cut 'F9')
How to Set Take Profit in MT4 iPhone App - How to Set Take Profit When Opening Forex Orders in MT4 iPhone App
Once you select the new order button as illustrated above the following forex trade order pop up window will appear and as a trader you will use this trade order pop up window to set the Take Profit Level for your new forex trade.
This pop up includes the settings for placing a new forex trade order as well as settings for setting Take Profit Level.
How to Set Forex Take Profit Orders in MT4 iPhone App - Set Take Profit Order in MT4 iPhone App
The Following Take Profit Order Setting are specified for placing a new take profit forex order:
Forex Take Profit Order - Set Take Profit Order, This option can be set after opening trade, or for pending orders
Open the Buy or Sell Trade by Clicking the Following Button Keys:
- Sell by Market - Open a Sell Trade
- Buy by Market - Open a Buy Forex Trade
To Buy at current price & open a new forex order choose the Buy by Market forex order button
To Sell at current price & open a new forex order choose the Sell by Market forex order button
After opening the new trades use the Take Profit Window Above to Set TP order for the New Forex Order.
You can also get this window so that to modify an already open buy or sell trade - To get this order window for a buy trade, right click on the opened buy forex trade or sell forex trade, then after that you click on 'Modify Order' after you click modify order button the above trading order settings button key will popup & you can set Take Profit Order using the procedure explained above.
