How do I add a Stop Loss or Take Profit?

1. Select the “New Order” button on the toolbar of the MetaTrader 4 window.

2. A new Order window will appear. In this window, there will be fields available where you can change the Stop Loss and Take Profit levels for the Order you wish to place.

3. When placing a Stop Loss or a Take Profit level the following parameters must be met. On a Buy Order, the Stop Loss level must be placed at a lower price than the Order price, as well as this, the Take Profit level must be placed at a higher price than the Order price. On a Sell Order, the Stop Loss level must be placed at a higher price than the Order price, and the Take Profit level must be placed at a lower price than the order price. Note, you do not need to specify Take Profit or Stop Loss levels in order to execute your trade order.