How Do I Set TP Gold Order on MT4 Software?
How Do I Set TP XAUUSD Order on MT4 Platform?
TP orders are gold orders used to close open trades at a profit - TP orders TP & close the trade once the specified TP level specified by a trader is reached.
TP orders automatically close trades at a profit once the set Take-Profit level is reached on xauusd chart.
Setting TP When Opening New XAUUSD Order in Tools Menu on MetaTrader 4
To open a new gold order to buy or sell a trade use the tools panel menu within the MT4 Platform as shown below.
The New gold order button key for placing a new trade transaction is shown below. (MT4 Keyboard ShortCut Keys 'F9')
Set TP XAUUSD Order on MT4
Once you select the new gold order button as illustrated and illustrated above following gold trade order pop-up window will appear and as a trader you will then use this trade order pop-up window to set the Take-Profit Level for your new xauusd trade.
This pop up includes the settings for placing a new xauusd trade order as well as settings for setting TP Level.
Interpret and Set TP XAUUSD Order in MT4?
The Following TP Order Settings are specified for placing & setting a new Take Profit xauusd trading order:
TP - Set TP, This option can be set after opening the trade, or for the pending gold orders
Open the Buy or Sell Gold Trade by Clicking the Following MetaTrader 4 Button Keys:
- Sell by Market - Open a Sell Gold Trade
- Buy by Market - Open a Buy Gold Trade
To Buy at current xauusd price & open a new gold order select the Buy by Market gold order button
To Sell at current xauusd price & open a new gold order select the Sell by Market gold order button
After you open the new xauusd trades use the TP Window Above to Set the TP order for the New XAUUSD Order.
You can also get this panel in order to modify an already open buy or sell gold trade - To find this order window for a buy gold trade, right-click on opened buy or sell xauusd trade, then after that click 'Modify Order' button key after you click the modify order button the above trading order settings button key will appear & you can then set the TP Order using the procedure described above.
Set TP XAUUSD Order in MT4
