What is Take Profit Gold Order on MetaTrader 4?
Take Profit Gold Orders are orders used to close open trades at a profit - take profit orders take profit and close the trade once the specified take profit 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 Order in Tools Menu on MT4
To open a new gold trading order to buy or sell a trade use the tools menu within the MT4 Gold Trading Platform as shown below.
The New order button for placing a new gold trading transaction is shown below. (Keyboard Short Cut Keys "F9")
What is Take Profit Gold Order on MetaTrader 4?
Once you select the new order button as illustrated above the following gold trade order popup window will appear and as a trader you can use this trade order popup window to set the Take Profit Gold Order Level for your new xauusd trade transaction.
This popup includes the settings for placing a new gold trade order as well as settings for setting Take Profit Gold Order Level.
How to Set Take Profit Gold Orders on MetaTrader 4 - Set Take Profit Gold Order on MT4
The Following Take Profit Gold Order Settings 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 Trade by Clicking the Following Buttons:
- Sell by Market - Open a Sell Trade
- Buy by Market - Open a Buy Trade
To Buy at current xauusd price and open a new gold order select the Buy by Market gold order button
To Sell at current xauusd price and open a new gold order select the Sell by Market gold order button
After you open the new trades use the Take Profit Gold Order Window Above to Set The TP order for the New Gold Order.
You can also get this window so as to modify an already open buy or sell gold trade - To find this order window for a buy gold trade, right click on the opened buy or sell gold trade, then after that click "Modify Order" after you click the modify order button the above order settings button will appear and you can set the Take Profit Gold Order using the procedure explained above.
