Trade Bitcoin Trading

How to Set Take Profit Bitcoin Order on MetaTrader 5

How to Add & Modify Bitcoin Take Profit Orders on MetaTrader 5

Bitcoin TP orders are bitcoin orders used to automatically close open bitcoin trades in MetaTrader 5 software. Bitcoin TP orders are used by bitcoin traders to help secure bitcoin profits & close open bitcoin transactions once these bitcoin trades moves in the direction of the traders' position by a specified number of bitcoin pips in bitcoin profit.

Take Profit orders can be placed when executing new bitcoin trades and Take Profit orders can also be set for already opened bitcoin trades.

How to Set Bitcoin TP Orders When Executing New BTCUSD Trades

  1. Open a Bitcoin Crypto Currency chart for the instrument you as a trader want to trade
  2. Right-Click on the Bitcoin Chart
  3. Choose New Order button
  4. Select the Set Take Profit Option within this New Order bitcoin trade window
  5. Specify your Take Profit level for the btcusd crypto trade that you as a trader want to open
  6. Choose buy or sell to open a btcusd crypto trade

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

How to Set Bitcoin TP Orders for Open BTCUSD Trades

Select bitcoin trade you want to modify from MetaTrader 5 bitcoin trades panel

  1. Right-click the btcusd crypto trade order & select Modify Order
  2. Select Take Profit Field
  3. Specify the Take Profit level for the btcusd crypto trade
  4. Click the Modify Order Button

How to Set Take Profit Bitcoin Order on MetaTrader 5

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