Placing, modifying and deletion of Stop-Loss and Take-Profit orders
When you place an order, you can specify a stop loss and take profit level:
- The stop loss level is the price to close at if you're making a loss
- The take profit level is the price to close at if you're making a profit
Once you have opened a position, you can modify these levels at any time. First, open the 'Terminal' window and then open the position using one of the following methods:
- Double-click on the 'Stop Loss' or 'Take Profit' field with the left mouse button
- Right-click on the position and select 'Modify or Delete Order'
Figure 1. 'Modify or Delete Order' Menu
Once the 'Order' window has opened, do the following:
- Change the 'Stop Loss' and 'Take Profit' fields to the values you want
- Press the 'Modify' button
Figure 2. Modifying Stop Loss and Take Profit Levels
