How to Set Take Profit Gold Order in MT4 Platform

How to Add and Modify XAUUSD Take Profit Orders on MT4

XAUUSD Take Profit orders are xauusd orders used to automatically close open xauusd trades in MT4 software. XAUUSD Take Profit orders are used by traders to help secure xauusd profits and close open xauusd trades once these xauusd trades moves in direction of the traders' position by a specified number of xauusd pips in xauusd profit.

Take Profit orders can be set when opening new xauusd trades & Take Profit orders can also be set for already opened xauusd trades.

How to Set XAUUSD Take Profit Orders When Opening New Gold Trades

1. Open a XAUUSD trading chart for the xauusd instrument you want to trade
2. Right Click on the XAUUSD Chart
3. Select New Order button
4. Select the Set Take Profit Option within this New Order xauusd trading window
5. Specify your Take Profit level for the xauusd trade that you want to open
6. Select buy or sell to open a gold trade

For a buy xauusd trade the xauusd Take Profit order is set above the xauusd price quote you want to buy at & for a sell xauusd trade the xauusd Take Profit order is set below the xauusd price quote you want to sell at.

How to Set XAUUSD Take Profit Orders for Open Gold Trades

Select xauusd trade you want to modify from MetaTrader 4 xauusd trade transactions window

1. Right click on the xauusd trade order & choose Modify Order
2. Select Take Profit Field
3. Specify the Take Profit level for the gold trade
4. Click the Modify Order Button

How to Set Take Profit XAUUSD Order in MT4 Software