How Do I Use Trading Take Profit Gold Order on MetaTrader 5?
How Do I Use Take Profit XAUUSD Order on MetaTrader 5?
Take Profit Gold Orders are orders used to close open trades at a profit - gold 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 take-profit level is reached on the xauusd chart.
Setting Take Profit XAUUSD Order When Opening New XAUUSD Order in Tools Menu on MetaTrader 5
To open a new gold order to buy or sell a trade use tools menu within MT5 Platform as shown below.
The New gold order button for placing a new gold trade is displayed below. (MetaTrader 5 Keyboard ShortCut Keys "F9")
How Do You Use Trading Take Profit Gold Order on MetaTrader 5? - How Do I Use Take Profit Gold Order in MT5?
Once you select the new gold order button as illustrated and illustrated above the following gold trade order pop up window will pop-up and as a trader you will then use this trade order popup window to set the Take Profit Gold Order Level for your new xauusd trade transaction.
This pop up includes the settings for placing a new gold trade order as well as settings for setting Take Profit Gold Order Level.
Interpret & Use Take Profit Gold Order in MT5?
Following Take Profit Gold Order Setting are specified for placing a new take profit xauusd trade order:
Take Profit XAUUSD Order - Set Take Profit Gold Order, This option can be set after opening the trade, or for pending gold orders
Open the Buy or Sell Gold Trade by Clicking the Following Button Keys:
- Sell by Market - Open a Sell Gold Trade
- Buy by Market - Open a Buy Gold Trade
To Buy at current xauusd price & open new gold order select the Buy by Market gold order button
To Sell at current xauusd price & open new gold order select the Sell by Market gold order button
After you open the new trades use the Take Profit Gold Order Panel Above to Set the TP order for the New XAUUSD Order.
You can also get this panel in order to modify an already open buy or sell gold trade - To find this order window for a buy gold trade, right-click in the opened buy or sell gold trade, then after that click "Modify Order" button after you click the modify order button the above trading order settings button key will appear and you can then set the Take Profit Gold Order using the procedure described above.
How Do You Use TakeProfit Gold Order in MT5
