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How to Set Stop Loss and Take Profit on MT5

How to set Stop Loss and Take Profit levels on open or new trades in MT5.

Updated over 10 months ago

You can add or modify Stop Loss (SL) and Take Profit (TP) levels during or after placing a trade.

When Opening a New Trade

  1. Open the New Order window.

  2. Enter your Stop Loss (SL) price.

  3. Enter your Take Profit (TP) price.

  4. Submit your order.

After a Trade is Open

  1. In the Trade tab, right-click the open position.

  2. Select Modify or Delete Order.

  3. Enter your desired Stop Loss and Take Profit levels.

  4. Click Modify to confirm.

Directly from the Chart (Optional)

  • Drag and drop SL or TP levels directly on the chart for quick adjustments.

Tip: Stop Loss helps limit losses. Take Profit locks in gains automatically when the market reaches your target.

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