Trading Bitcoin Set TP Cryptocurrency Order on MT5
How Do I Trade Bitcoin and Set TP Cryptocurrency Order on MT5?
TP orders are cryptocurrency orders used to close open trades at a profit - TP orders TP & close the trade once the specified TP level specified by a trader is reached.
TP orders automatically close trades at a profit once the set TP level is reached on the bitcoin chart.
Setting TP When Opening New Bitcoin Order in Tools Menu on MT5
To open a new cryptocurrency order to buy or sell a trade use tools menu within the MetaTrader 5 Platform as shown below.
The New crypto order button for placing a new btcusd trading is shown below. (MetaTrader 5 Short Cut Keyboard Keys "F9")
Bitcoin Trading Set TP Cryptocurrency Order in MetaTrader 5?
Once you select the new crypto order button as illustrated and shown above the following bitcoin trade order window panel popup will appear & you as a trader can use this trade order window panel popup to set the Take Profit Level for your new bitcoin trade.
This popup includes the settings for placing a new bitcoin trade order as well as settings for setting TP Level.
How Do You Trade Bitcoin and Set TP Cryptocurrency Order in MetaTrader 5?
Following TP Order Settings are specified for setting up and placing a new TP bitcoin trade order:
TP - Set TP, This option can also be set up after opening the trade, or for a pending bitcoin orders
Open the Buy or Sell Bitcoin Trade by Clicking the Following Buttons:
- Sell by Market - Open a Sell Bitcoin Trade
- Buy by Market - Open a Buy Bitcoin Trade
To Buy at current bitcoin trading price & open a new bitcoin order select the Buy by Market bitcoin order button
To Sell at current bitcoin trading price & open a new bitcoin order select the Sell by Market bitcoin order button
After you open the new trades use the TP Window Above to Set TP order for the New Cryptocurrency Order.
You can also get this window panel so that to modify an already open buy or sell bitcoin trade - To find & get this order window panel for a buy bitcoin trade, right-click on the opened buy or sell bitcoin trade, then after that you click the "Modify Order" after you click on modify order button key the above trading order settings button key will popup and appear & you can set Take Profit Order using procedure explained above.
Analyze & Set TP Cryptocurrency Order in MetaTrader 5?
