Trade Stock Indices

How to Set Take-Profit Indices Order on the MT4 Software

How to Add and Modify Indices Take Profit Orders on MT4 Platform Software

Stock Index TP orders are orders used to automatically close open stock trades in MT4 software. Indices TP orders are used by stock traders to help secure indices profits & close open stock transactions once these stock trade transactions heads in direction of traders' position by a specific number of indices pips in stock indices profit.

TP orders can be placed when executing new stock trades & TakeProfit orders can also be set for already opened stock trades.

How to Place Indices TP Orders When Executing New Indices Trades

  1. Open a Indices chart for the indices instrument you as a trader want to trade
  2. Right-Click the Indices Chart
  3. Select New Order button
  4. Choose and Select the Set Take Profit Option within this New Order trade panel
  5. Specify your TakeProfit Order level for the trade transaction that you as a trader want to open
  6. Choose buy/sell to open a trade

For a buy trade the indices TP order is placed above the price quote you want to open a buy trade at and for a sell position the indices TP order is placed below the price quote you want to open a sell trade at.

How to Set Indices TP Orders for Open Indices Trades

Select/Choose trade you want to modify from MT4 stock trade transactions window

  1. Right click stocks trade order and choose Modify Order
  2. Choose TP Field
  3. Specify the Take-Profit level for the trade transaction
  4. Click the Modify Order Button Key

How Can I Set Take-Profit Indices Order on the MT4 Software

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Stock Index Broker