How Do I Use Take Profit Bitcoin Order on MT5?
How Do I Trade Bitcoin and Use Take Profit Bitcoin Order on MT5?
Take Profit Bitcoin Orders are cryptocurrency orders used to close open trades at a profit - bitcoin take-profit orders take profit and close the trade once the specified takeprofit level specified by a trader is reached.
Take profit orders automatically close trades at a profit once the set takeprofit level is reached on bitcoin chart.
Setting Take Profit Bitcoin Order 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 trade is illustrated below. (MT5 Short-Cut Key board Keys 'F9')
How Do I Use Take Profit Bitcoin Order on MetaTrader 5?
Once you select the new crypto order button as illustrated and shown above the following bitcoin trade order window popup will appear & you as a trader can use this trade order window popup to set the Take Profit Bitcoin Order Level for your new bitcoin trade transaction.
This pop-up includes the settings for placing a new bitcoin trade order as well as settings for setting Take Profit Bitcoin Order Level.
How Do You Trade Bitcoin and Use Take Profit Bitcoin Order on MetaTrader 5?
Following Take Profit Bitcoin Order Settings are specified for placing a new take profit bitcoin trade order:
Take Profit Cryptocurrency Order - Set Take Profit Bitcoin Order, This option can be set after opening the trade, or for pending bitcoin orders
Open the Buy or Sell Bitcoin Trade by Clicking the Following Button Keys:
- Sell by Market - Open a Sell Bitcoin Trade
- Buy by Market - Open a Buy Bitcoin Trade
To Buy at current bitcoin price & open a new bitcoin order choose the Buy by Market bitcoin order button
To Sell at current bitcoin price & open a new bitcoin order choose the Sell by Market bitcoin order button
After you open the new trades use the Take Profit Bitcoin Order Window Panel Above to Set TP order for the New Cryptocurrency Order.
You can also get this window so that to modify an already open buy or sell bitcoin trade - To find and get this order window panel for a buy bitcoin trade, right click in 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 pop up and appear & you can set Take Profit Bitcoin Order using the procedure described above.
Analyze & Use Take Profit Bitcoin Order on MetaTrader 5?
